SCHEDULE 13D/A

American Realty Investors Inc

common stock, par value $0.01 per share · CUSIP: 029174109

Event date: 2025-04-14

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Phillips Bradford A.Reported CIK 0001890991

  Shares: 0.00 · Class: 0.0%

• Ryan Phillips

  Shares: 42,984.00 · Class: 0.4%

• Clifton Phillips

  Shares: 64,274.00 · Class: 0.4%

• PS II Management LLC

  Shares: 66,319.00 · Class: 0.4%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.