[Form 4] Alico Inc Insider Trading Activity

Rhea-AI Filing Summary

Henry R. Slack, a director of Alico, Inc. (ALCO), reported the sale of 24,789 shares of Alico common stock on 08/15/2025 at a weighted average price of $32.8282 per share, with transaction prices ranging from $32.18 to $33.085. After the sale, Mr. Slack directly beneficially owned 41,649 shares and indirectly held 1,820 shares through Montac Trust, a trust of which he is a beneficiary. The filing was signed by an attorney-in-fact on behalf of Mr. Slack on 08/19/2025.

Positive

• Transparent disclosure of sale quantities, price range, and remaining direct and indirect holdings
• Clear compliance with Section 16 reporting requirements, including attorney-in-fact signature

Negative

• Reduction in direct ownership by 24,789 shares which lowers the reporting person's stake
• No disclosure of any Rule 10b5-1 plan or intent for the sale, limiting context for investors

Insights

Corporate Governance Expert

TL;DR: Director sold a portion of holdings; remaining direct stake remains meaningful but reduced.

Mr. Slack's sale of 24,789 shares is a clear, disclosed reduction in his direct stake. The filing provides exact quantities and a weighted average sale price, and it discloses indirect holdings via Montac Trust with a disclaimer of beneficial ownership except for pecuniary interest. This is a routine Section 16 disclosure showing liquidity by an insider rather than issuance or dilution. The filing does not indicate any plans, 10b5-1 plan reference, or additional context beyond the mechanics and holdings, limiting interpretive conclusions.

Securities Analyst

TL;DR: Transaction is material to insider position but not necessarily material to company fundamentals.

The reported sale reduces direct beneficial ownership to 41,649 shares with an additional 1,820 shares indirectly held. The weighted average sale price of $32.8282 and disclosed price range provide transparent execution detail. No derivative transactions or new acquisitions were reported. From an investor-impact perspective, this is a transparent insider sale; the filing lacks information on intent or broader insider activity that would suggest a material change to company outlook.

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
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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)
08/15/2025

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	08/15/2025		S		24,789	D	$32.8282(1)	41,649(2)	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 $32.18 to $33.085, 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. As previously reported, the Reporting Person was the Managing Member of Rinyami, LLC, which previously held 128,571 shares. That entity was dissolved in April 2020, after which time the Reporting Person directly held 38,571 shares of those shares. The amount reported reflects those shares, and the previously reported 27,867 shares issued under the Stock Incentive Plan of 2015, as adjusted for this transaction.

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	08/19/2025
	** 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 did Henry R. Slack report in the Form 4 for ALCO?

Mr. Slack reported the sale of 24,789 shares of Alico common stock on 08/15/2025 at a weighted average price of $32.8282 per share.

How many Alico shares does Henry R. Slack own after the reported sale?

After the sale Mr. Slack directly beneficially owns 41,649 shares and indirectly holds 1,820 shares through Montac Trust.

Did the Form 4 disclose the price range for the sale?

Yes. The filing states the shares were sold in multiple transactions at prices ranging from $32.18 to $33.085 and that the reported price is a weighted average.

Was a 10b5-1 plan or similar execution plan disclosed in this filing?

No. The filing does not state that the transaction was executed pursuant to a Rule 10b5-1 plan or other written plan.

Who signed the Form 4 on behalf of Henry R. Slack?

The form was signed by Brad Heine, Attorney-in-Fact for Henry R. Slack on 08/19/2025.