[Form 4] ALICO, INC. Insider Trading Activity

Rhea-AI Filing Summary

Adam H. Putnam, a director of Alico, Inc. (ALCO), received 933 shares of Alico common stock under the company Amended and Restated Stock Incentive Plan of 2015 on 10/01/2025 at a reported price of $0, indicating a grant rather than a market purchase. After the grant, he beneficially owns 16,051 shares. The Form 4 was signed by an attorney-in-fact on 10/02/2025. The filing identifies Putnam as a director and shows the transaction code as A (acquisition) with the shares issued under the company stock incentive plan.

Insights

Financial Analyst

TL;DR: Director received 933 shares via an equity grant, modestly increasing reported ownership to 16,051 shares.

The Form 4 shows a non-cash equity grant under the 2015 Stock Incentive Plan on 10/01/2025. Such grants align executive/director compensation with shareholder interests but, standing alone, are typically not materially dilutive. The increase to 16,051 shares is explicit in the filing; no purchase price was reported because the grant price is $0. This transaction is routine for incentive compensation and provides limited new information about company performance.

Corporate Governance Expert

TL;DR: Routine director equity award recorded; governance disclosure requirements appear satisfied.

The filing identifies Putnam as a director and reports an acquisition code A for 933 shares issued under the Amended and Restated Stock Incentive Plan of 2015. The Form 4 is signed by an attorney-in-fact and contains the required details (transaction date, amount, post-transaction holdings). This is a standard insider disclosure of compensation-related equity grants and does not indicate unusual governance events.

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^*

Putnam Adam

(Last) (First) (Middle)

PO BOX 1400

(Street)

BARTOW FL 33831

(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		933(1)	A	$0	16,051	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 Adam H. Putnam	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).
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