[Form 4] ALICO, INC. Insider Trading Activity

Rhea-AI Filing Summary

ALICO, Inc. director Toby K. Purse received 635 shares of ALICO common stock on 10/01/2025 under the company's Amended and Restated Stock Incentive Plan of 2015. The shares were issued at no cash cost to the reporting person (price reported as $0) and increase Mr. Purse's beneficial ownership to 19,727 shares. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Purse on 10/02/2025. The filing identifies Mr. Purse as a director and indicates this transaction is a non-derivative acquisition of common stock under the company’s equity compensation plan.

Insights

Corporate Governance Expert

TL;DR: Director received equity under the company’s stock incentive plan, a routine governance-level compensation event.

This Form 4 documents a standard non-derivative issuance of 635 shares to a director under the company’s 2015 stock incentive plan. Such issuances are common for board compensation or vesting awards and do not, by themselves, indicate a change in control, material dilution, or unusual insider behavior. The filing is administrative in nature and provides transparency on director ownership levels, showing Mr. Purse holds 19,727 shares following the grant.

Securities Compliance Analyst

TL;DR: Transaction appears properly reported and executed under the disclosed compensation plan.

The Form 4 specifies transaction code "A" (acquisition) and lists the grant as issued under the Amended and Restated Stock Incentive Plan of 2015, with price shown as $0, consistent with equity awards that vest or are issued without cash payment. The form is signed by an attorney-in-fact, and the reporting fields (role, transaction date, post-transaction holdings) are completed. No derivative transactions or additional terms are disclosed on this filing.

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^*

Purse Toby K

(Last) (First) (Middle)

315 EAST NEW MARKET ROAD

(Street)

IMMOKALEE FL 34142

(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		635(1)	A	$0	19,727	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 Toby K. Purse	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 ALICO (ALCO) report for director Toby K. Purse on 10/01/2025?

The Form 4 reports a non-derivative acquisition of 635 shares of ALICO common stock issued under the Amended and Restated Stock Incentive Plan of 2015 on 10/01/2025.

How many ALICO shares does Toby K. Purse beneficially own after the reported transaction?

Following the reported issuance, Mr. Purse beneficially owns 19,727 shares of ALICO common stock.

Was there any cash paid by the reporting person for the shares in the Form 4?

The reported price for the acquisition is $0, indicating the shares were issued without a cash purchase price in this filing.

Under what plan were the ALICO shares issued to the director?

The shares were issued under the Amended and Restated Stock Incentive Plan of 2015 as stated in the Form 4 explanation.

Who signed the Form 4 for Toby K. Purse and when?

The Form 4 was signed by Brad Heine, Attorney-in-Fact for Toby K. Purse on 10/02/2025.