X0508 4 2023-07-31 0 0000006207 AMREP CORP. AXR 0001105838 ROBOTTI ROBERT 125 PARK AVENUE SUITE 1607 NEW YORK NY 10017 1 0 0 0 0 Common Stock, $0.10 Par Value 2023-07-31 4 P 0 1752 16.5244 A 286505 I See Footnote This amount includes 156,636 shares of the Common Stock, $0.10 par value (the "Common Stock") directly owned by The Ravenswood Investment Company, LP ("RIC") and 129,869 shares of the Common Stock directly owned by Ravenswood Investments III, L.P. ("RI"). Mr. Robotti may be deemed to beneficially own (solely for the purpose of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended ("Exchange Act")) certain of the shares of Common Stock set forth in this Form 4 as managing director of Ravenswood Management Company, LLC, which serves as the general partner of RIC and RI. Mr. Robotti disclaims beneficial ownership of all securities reported herein except to the extent of any pecuniary interest therein, if any. /s/ Robert E. Robotti 2023-07-31