[Form 4] ALICO, INC. Insider Trading Activity

Rhea-AI Filing Summary

Benjamin D. Fishman, a director of Alico, Inc. (ALCO), reported a transaction dated 10/01/2025 in which 560 shares of Alico common stock were acquired under the Amended and Restated Stock Incentive Plan of 2015 at a reported price of $0. Following this issuance, the filing shows Mr. Fishman beneficially owns 13,151 shares. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact and dated 10/02/2025.

Positive

• Shares issued under the companys Amended and Restated Stock Incentive Plan of 2015, indicating use of an established compensation mechanism
• Director increased beneficial ownership with an additional 560 shares, bringing total to 13,151 shares

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received equity grant under the company's 2015 incentive plan, modestly increasing beneficial ownership.

The Form 4 documents a non-cash issuance of 560 common shares to director Benjamin D. Fishman under the Amended and Restated Stock Incentive Plan of 2015. Such grants are routine for aligning directors' interests with shareholders. The filing shows total beneficial ownership of 13,151 shares after the issuance. No additional governance actions, departures, or special arrangements are disclosed in this filing.

Securities/Compliance Analyst

TL;DR: Reporting conforms to Section 16 disclosure; transaction coded as an acquisition with $0 price, indicating an issued grant.

The Form 4 lists transaction code "A" for acquisition on 10/01/2025 and a reported price of $0, with an explanatory note that the shares were issued under the 2015 stock incentive plan. The filing is signed by an attorney-in-fact and indicates a single reporting person. The report contains no derivative transactions or other compensatory details beyond the issuance note.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fishman Benjamin D

(Last) (First) (Middle)

6 WILLOW PLACE

(Street)

BROOKLYN NY 11201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ALICO, INC. [ ALCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Alico, Inc., Common Stock, Par Value $1.00	10/01/2025		A		560(1)	A	$0	13,151	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were issued under the Amended and Restated Stock Incentive Plan of 2015.

Remarks:

	/s/ Brad Heine, Attorney-in-Fact for Benjamin D. Fishman	10/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Benjamin D. Fishman report on Form 4 for ALCO?

He reported an acquisition of 560 shares of Alico common stock on 10/01/2025, coded as an acquisition under the companys stock incentive plan.

At what price were the shares issued in the ALCO Form 4?

The reported price for the issued shares is $0, reflecting a grant issued under the stock incentive plan.

How many Alico shares does Benjamin D. Fishman beneficially own after the transaction?

The Form 4 reports total beneficial ownership of 13,151 shares following the issuance.

When was the Form 4 for this ALCO transaction signed and by whom?

The form bears a signature line indicating it was signed by Brad Heine, Attorney-in-Fact for Benjamin D. Fishman and dated 10/02/2025.

Under what plan were the shares issued according to the filing?

The filing states the shares were issued under the Amended and Restated Stock Incentive Plan of 2015.