[Form 4] Alico Inc Insider Trading Activity

Rhea-AI Filing Summary

Henry R. Slack, a director of Alico, Inc. (ALCO), reported sales of common stock on August 25 and 26, 2025. He sold 2,913 shares on 08/25/2025 at a weighted average price of $34.5607 and 3,548 shares on 08/26/2025 at a weighted average price of $34.2925. After the transactions Mr. Slack directly held 35,188 shares.

The filing discloses an indirect holding of 1,820 shares by Montac Trust, of which Mr. Slack is a beneficiary, and states the two previously reported family trusts were dissolved. The report was signed by an attorney-in-fact on 08/27/2025.

Insights

Financial Analyst

TL;DR: Director Henry Slack sold 6,461 ALCO shares over two days, reducing his direct stake to 35,188 shares; disclosure appears complete.

The sales on 08/25/2025 (2,913 shares at $34.5607 weighted average) and 08/26/2025 (3,548 shares at $34.2925 weighted average) are reported with footnotes explaining price ranges and offering to provide per-price breakdowns on request. The form lists a direct beneficial ownership of 35,188 shares after the transactions and an indirect holding of 1,820 shares via Montac Trust, with a disclaimer of beneficial ownership by Mr. Slack except to the extent of pecuniary interest. From an analytical standpoint, this is a routine Rule 16 disclosure of insider sales; materiality relative to total outstanding shares is not stated in the filing, so market impact cannot be assessed from this document alone.

Corporate Governance Expert

TL;DR: Reported insider sales and trust holdings are disclosed; dissolution of prior family trusts is noted but unexplained in the filing.

The Form 4 identifies Mr. Slack as a director and shows disclosure of both direct and indirect holdings, including a specific statement that the Family Trusts were dissolved and that Montac Trust holds 1,820 shares. The filing is signed by an attorney-in-fact, indicating proper submission mechanics. The document does not explain reasons for the sales or the trusts' dissolution; such details are outside the scope of Form 4 and are not provided here.

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^*

SLACK HENRY R

(Last) (First) (Middle)

C/O QUARTERWATCH LLC

P.O. BOX 28 / 6 FOWLER ROAD

(Street)

PEAPACK NJ 07977

(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)
08/25/2025

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	08/25/2025		S		2,913	D	$34.5607(1)	38,736	D
Alico, Inc., Common Stock, Par Value $1.00	08/26/2025		S		3,548	D	$34.2925(2)	35,188	D
Alico, Inc., Common Stock, Par Value $1.00								1,820	I	By Montac Trust(3)

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.43 to $34.865, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.12 to $34.595, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. Montac Trust, a trust of which Mr. Slack is a beneficiary, holds 1,820 shares of the Company's Common Stock. Mr. Slack disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein. The two family trusts (the "Family Trusts") previously reported were dissolved.

Remarks:

	/s/ Brad Heine, Attorney-in-Fact for Henry R. Slack	08/27/2025
	** 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 insider transactions did Henry R. Slack report for ALCO?

Mr. Slack reported sales of 2,913 shares on 08/25/2025 at a weighted average price of $34.5607 and 3,548 shares on 08/26/2025 at a weighted average price of $34.2925.

How many ALCO shares does Henry R. Slack own after these transactions?

The Form 4 reports Mr. Slack directly owned 35,188 shares following the reported transactions.

Does Henry R. Slack have any indirect holdings in ALCO?

Yes. The filing discloses 1,820 shares held by Montac Trust, of which Mr. Slack is a beneficiary; he disclaims beneficial ownership except to the extent of his pecuniary interest.

When was this Form 4 signed and filed?

The Form 4 was signed by Brad Heine, attorney-in-fact for Henry R. Slack on 08/27/2025.

Are the reported sale prices precise single trades or averages?

The filing states the prices are weighted average prices and provides ranges for the multiple transactions comprising those averages; the filer offers to provide per-price breakdowns on request.