Alpine 4 (ALPP)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.93 mm	2.93 mm	2.93 mm	2.93 mm	2.93 mm	2.93 mm
Cash burn (monthly)	301.32 k	210.59 k	13.69 mm	4.83 mm	132.54 k	(no burn)
Cash used (since last report)	5.04 mm	3.52 mm	229.04 mm	80.81 mm	2.22 mm	n/a
Cash remaining	-2.12 mm	-598.10 k	-226.12 mm	-77.89 mm	707.64 k	n/a
Runway (months of cash)	-7.0	-2.8	-16.5	-16.1	5.3	n/a

Beta Read what these cash burn values mean

Financial data from Alpine 4 earnings reports.

Institutional ownership, Q3 2024

ALPP institutional ownership history Ownership history

5.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	17	20	-15.0%
Opened positions	5	3	+66.7%
Closed positions	8	6	+33.3%
Increased positions	2	4	-50.0%
Reduced positions	3	4	-25.0%

13F shares	Current	Prev Q	Change
Total value	490.36 mm	687.75 mm	-28.7%
Total shares	1.37 mm	1.46 mm	-5.8%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Vanguard	973.30 k	$347.47 mm	-0.2%
Geode Capital Management	227.59 k	$81.19 mm	+10.1%
BlackRock	53.22 k	$18.98 mm	NEW
NTRS Northern Trust	39.41 k	$14.06 mm	0.0%
Renaissance Technologies	24.20 k	$8.63 mm	+26.0%
Change Path	20.25 k	$7.22 mm	-22.9%
USB U.S. Bancorp	16.88 k	$6.02 mm	0.0%
Stratos Wealth Partners	10.00 k	$3.57 mm	0.0%
Country Trust Bank	4.38 k	$1.56 mm	0.0%
Game Plan Financial Advisors	2.81 k	$1.00 mm	NEW

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-68.36 k	EXIT
BlackRock	53.22 k	+53.22 k	NEW
BLK BlackRock	0.00	-53.22 k	EXIT
Geode Capital Management	227.59 k	+20.88 k	+10.1%
AE Wealth Management	0.00	-18.75 k	EXIT
Tower Research Capital	0.00	-11.28 k	EXIT
UBS UBS	0.00	-8.10 k	EXIT
Change Path	20.25 k	-6.02 k	-22.9%
Renaissance Technologies	24.20 k	+5.00 k	+26.0%
Game Plan Financial Advisors	2.81 k	+2.81 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ALPP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
22 Feb 24	Ian Kantrowitz	EMPLOYEE STOCK OPTION CLASS A COMMON STOCK	Grant	Acquire A	No	No	0.699	550,000	384.45 k	550,000
22 Feb 24	Jeffrey Hail	EMPLOYEE STOCK OPTION CLASS A COMMON STOCK	Grant	Acquire A	No	No	0.699	600,000	419.40 k	600,000
22 Feb 24	Kent Wilson	EMPLOYEE STOCK OPTION CLASS A COMMON STOCK	Grant	Acquire A	No	No	0.699	700,000	489.30 k	700,000
12 Feb 24	Christopher Meinerz	EMPLOYEE STOCK OPTION CLASS A COMMON STOCK	Grant	Acquire A	No	No	0.77	300,000	231.00 k	300,000
31 Oct 23	Christopher Meinerz	CLASS A COMMON STOCK	Grant	Acquire A	No	No	0	25,000	0.00	25,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.