[Form 4] Alexander & Baldwin, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider sale under 10b5-1 plan. An executive officer, Meredith J. Ching, reported the sale of 700 shares of Alexander & Baldwin, Inc. (ALEX) on 10/10/2025 at a weighted average price of $16.7551 per share. After the sale Ms. Ching beneficially owned 146,849 shares directly, plus 213 shares held by a spouse and 781.571 shares held indirectly through the TCESOP. The filing states the sales were executed pursuant to a Rule 10b5-1 trading plan and that shares were sold in multiple transactions at prices ranging from $16.65 to $17.00. The report is a routine Section 16 disclosure showing a planned, pre-arranged disposition rather than an ad hoc trade.

Positive

• Sale executed under a Rule 10b5-1 trading plan, indicating a pre-arranged disposition
• Complete Section 16 disclosure including weighted average price and price range

Negative

• Reporting person reduced direct holdings by 700 shares on 10/10/2025

Insights

Corporate Governance Analyst

Planned disposition disclosed; compliance with Rule 10b5-1 reduces timing concerns.

The sale of 700 shares was reported as executed under a Rule 10b5-1 plan, which indicates the transactions were pre‑arranged and intended to provide an affirmative defense against insider trading allegations. The filing discloses the weighted average sale price of $16.7551 and the intra-range prices from $16.65 to $17.00.

Because the trade is linked to a scheduled plan, the primary dependency for governance review is whether the plan complies with company policy and applicable timing windows; the disclosure here satisfies Section 16 reporting requirements. Investors and compliance teams can note the remaining direct and indirect holdings—146,849 direct shares plus indirect interests—which contextualize the magnitude of the sale relative to total holdings over the near term.

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).

X

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^*

CHING MEREDITH J

(Last) (First) (Middle)

822 BISHOP STREET

(Street)

HONOLULU HI 96813

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alexander & Baldwin, Inc. [ ALEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. VP, External Affairs

3. Date of Earliest Transaction (Month/Day/Year)
10/10/2025

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
Common Stock	10/10/2025		S(1)		700	D	$16.7551(2)	146,849	D
Common Stock								213	I	By Spouse
Common Stock								781.571	I	By TCESOP

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 SALES REPORTED IN THIS FORM 4 WERE EFFECTED PURSUANT TO A RULE 10b5-1 TRADING PLAN.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.65 to $17.00, inclusive. The reporting person undertakes to provide to Alexander & Baldwin, Inc., any security holder or Alexander & Baldwin, Inc., 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.

	/s/ Meredith J. Ching	10/10/2025
	** 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 Meredith J. Ching report in the Form 4 for ALEX?

The report discloses the sale of 700 ALEX shares on 10/10/2025 under a Rule 10b5-1 plan at a weighted average price of $16.7551.

Were the shares sold under a pre-arranged plan or as an ad hoc trade?

The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan, indicating a pre-arranged sale.

How many ALEX shares does Meredith J. Ching beneficially own after the sale?

After the transaction Ms. Ching beneficially owned 146,849 shares directly, plus 213 held by a spouse and 781.571 indirectly via the TCESOP.

What price range were the shares sold at?

The shares were sold in multiple transactions at prices ranging from $16.65 to $17.00, with a weighted average of $16.7551.

Does this Form 4 indicate any derivative transactions or option exercises?

No. Table II for derivative securities shows no entries; the reported activity relates only to non-derivative common stock sales.