Form 4: PALAMOUNTAIN MARK reports disposition transactions in LMNR

Rhea-AI Filing Summary

PALAMOUNTAIN MARK reported disposition transactions in a Form 4 filing for LMNR. The filing lists transactions totaling 31,248 shares at a weighted average price of $14.25 per share. Following the reported transactions, holdings were 75,958 shares.

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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X

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^*

PALAMOUNTAIN MARK

(Last) (First) (Middle)

1141 CUMMINGS ROAD

(Street)

SANTA PAULA CA 93060

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Limoneira CO [ LMNR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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	02/09/2026		D		31,248(1)	D	$14.25	75,958	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. Represents unvested restricted stock units forfeited in connection with resignation of employment.

	/s/ Mark Palamountain, by Greg Hamm as attorney-in-fact	02/17/2026
	** 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 transaction did Limoneira (LMNR) report for Mark Palamountain?

Limoneira’s EVP, CFO and Treasurer, Mark Palamountain, reported a disposition of 31,248 shares of common stock. These shares were unvested restricted stock units forfeited to the issuer in connection with his resignation from employment, not an open-market stock sale.

Was the Limoneira (LMNR) Form 4 transaction a stock sale in the market?

No, the Form 4 describes a disposition to the issuer of 31,248 shares at $14.25 per share. A footnote clarifies these were unvested restricted stock units forfeited when Mark Palamountain resigned, rather than shares sold in the open market.

How many Limoneira (LMNR) shares does Mark Palamountain own after the forfeiture?

After forfeiting 31,248 unvested restricted stock units, Mark Palamountain directly beneficially owned 75,958 shares of Limoneira common stock. This remaining holding is reported in the Form 4 as direct ownership following the reported disposition transaction.

What triggered the forfeiture of restricted stock units at Limoneira (LMNR)?

The forfeiture was triggered by the resignation of Mark Palamountain from his role at Limoneira. The Form 4 footnote specifies that the 31,248 shares represent unvested restricted stock units forfeited in connection with his resignation of employment from the company.

What is the transaction code used in the Limoneira (LMNR) Form 4 filing?

The Form 4 lists transaction code “D,” which indicates a disposition to the issuer. In this case, it corresponds to the forfeiture of 31,248 unvested restricted stock units tied to Mark Palamountain’s resignation, rather than a typical purchase or sale on the open market.