[Form 4] Alico Inc Insider Trading Activity

Rhea-AI Filing Summary

Taboola.com Ltd. (TBLA) – Form 4 Insider Transaction Summary

On 23 June 2025, affiliates of Apollo Management (Apollo Management Holdings GP, LLC; Apollo Management GP, LLC; and Apollo Management Holdings, L.P.)—all classified as 10 % owners of Taboola—reported a small, issuer-facilitated disposal of 222,373 non-voting ordinary shares at $3.59 per share (Transaction Code J). The transaction was executed as part of Taboola’s ongoing share-repurchase program and, per Footnote 1, is designed to keep Apollo’s aggregate ownership below the 25 % threshold.

Following the sale, Apollo continues to hold, indirectly, 32,851,500 non-voting ordinary shares and 39,525,691 ordinary shares, maintaining its status as a significant shareholder. No derivative transactions were reported.

• The disposal represents roughly 0.16 % of Apollo’s combined Taboola position and is therefore immaterial in size.
• The filing does not include any earnings data or operational commentary; it is limited to ownership changes.
• The use of repurchased shares may provide a marginal reduction in Taboola’s outstanding share count, but the effect is expected to be de minimis.

Positive

• Share-repurchase involvement indicates Taboola continues to return capital and manage share count, albeit on a very small scale.
• Ownership capped below 25 % avoids potential change-of-control complications, supporting governance stability.

Negative

• Insider disposal—even if minor—can be interpreted as lack of incremental conviction from a major shareholder.
• No operational or financial metrics are provided, offering investors limited insight beyond administrative ownership changes.

Insights

Securities Analyst

TL;DR Minor insider sale (0.16 % of stake); ownership still large; limited market impact.

The 222 k-share disposal by Apollo is largely administrative—structured to maintain sub-25 % ownership while Taboola executes its buyback program. At ~$3.59, the cash consideration is only ~$0.8 million, negligible versus Taboola’s market cap. Apollo retains >72 million combined shares, signalling no strategic exit. For investors, the event neither confirms bullish nor bearish sentiment; it merely avoids potential regulatory or governance complications from crossing a control threshold.

Corporate Governance Expert

TL;DR Transaction safeguards governance balance; no change in control; impact neutral.

By trimming its holding through the issuer’s repurchase, Apollo prevents its stake from breaching 25 %, a level that could trigger enhanced disclosure or control implications under Israeli and U.S. securities frameworks. The proactive adjustment reduces future governance friction without materially diluting public float. Because the sale is issuer-directed, it does not suggest public-market selling pressure. Overall governance posture remains stable.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KRUSEN W ANDREW JR

(Last) (First) (Middle)

1414 W SWANN AVE, SUITE 100

(Street)

TAMPA FL 33606

(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)
07/01/2025

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	07/01/2025		A		558(1)	A	$0	42,170	D
Alico, Inc., Common Stock, Par Value $1.00								40,000	I	By WIT Ventures, LTD(2)

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.

2. Dominion Financial Group, Inc. ("DFG") is the managing general partner of WIT Ventures, LTD ("WIT"). Mr. Krusen is the Non-Executive Chairman of DFG and a DFG shareholder. Mr. Krusen has no investment authority at WIT or DFG and disclaims beneficial ownership of the shares held by WIT except to the extent of his pecuniary interest therein.

Remarks:

	/s/ Brad Heine, Attorney-in-Fact for W. Andrew Krusen, Jr.	07/03/2025
	** 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

How many Taboola (TBLA) shares did Apollo sell on 23 June 2025?

Apollo disposed of 222,373 non-voting ordinary shares at $3.59 per share.

What is Apollo's remaining ownership in Taboola after the transaction?

Apollo indirectly holds 32,851,500 non-voting and 39,525,691 ordinary TBLA shares.

Why was Transaction Code "J" used in Taboola's Form 4?

Code J denotes "other" transactions; here it reflects an issuer repurchase to keep Apollo’s stake below 25 %.

Does the Form 4 indicate any change in control at Taboola?

No. Apollo remains a 10 % owner but the sale prevents its stake from exceeding 25 %, maintaining current control dynamics.

Is the insider sale significant to Taboola’s share count?

The 222 k shares represent 0.16 % of Apollo’s position and are immaterial relative to Taboola’s total shares outstanding.