Maui Ld & Pineap SEC Filings

Maui Land & Pineapple (MLP) reported Q3 2025 results with total operating revenues of $4.5 million and net income of $240,000, or $0.01 per share. Leasing remained the core driver at $3.5 million, supported by land development and sales of $0.8 million and $0.2 million from resort amenities and other.

Year to date, operating revenues reached $14.9 million with a net loss of $9.4 million, reflecting a $6.6 million non-cash pension settlement tied to plan termination. Q3 also recorded $6.6 million in other comprehensive income related to pension, producing total comprehensive income of $6.8 million.

Liquidity and balance sheet: Cash and cash equivalents were $4.9 million as of September 30, 2025. The company had $3.0 million drawn on its $15.0 million revolving line of credit, leaving $12.0 million available; the interest rate was 6.375% at quarter end. Commercial real estate occupancy improved to 91% across 247,000 square feet, helping lift leasing revenues versus the prior year. Common shares outstanding were 19,741,709 as of November 10, 2025.

Wade K. Kodama, listed as the Chief Financial Officer and an officer of Maui Land & Pineapple Co Inc (MLP), filed an amended Form 4 reporting a securities disposition on 07/08/2025. The filing shows 618 shares of common stock were disposed of (transaction code F) at a reported price of $0. After this transaction, the reporting person beneficially owned 26,895 shares, recorded as direct ownership. The document is signed by Wade Kodama on 10/07/2025 and contains no derivative transactions or additional explanatory text.

Wade Kodama, the Chief Financial Officer of Maui Land & Pineapple Co Inc (MLP), reported a sale of 618 shares of the company's common stock on 10/07/2025. Following the transaction the filing shows Mr. Kodama beneficially owns 26,277 shares. The Form 4 lists the transaction code as F and reports a transaction price of $0, as shown on the form. The filing is a routine required disclosure of an insider change in beneficial ownership.

Stephen M. Case, a director and >10% owner of Maui Land & Pineapple Co. (MLP), reported insider transactions on 09/10/2025. The Form 4 shows a purchase of 967 shares at $17.00 and a disposition of 67,427 shares. After the reported purchase, Mr. Case beneficially owned 11,941,445 shares, held indirectly through the Stephen M. Case Revocable Trust. The filing states Mr. Case is the sole trustee and has exclusive voting and disposition power over the trust-held shares. The document is limited to these ownership changes and the trust disclosure.

Stephen M. Case, a director and >10% owner of Maui Land & Pineapple Co. (MLP), reported multiple transactions in the company’s common stock. On 09/08/2025 he purchased 2,500 shares at a weighted average price of $16.91 per share and on 09/09/2025 he purchased another 2,500 shares at a weighted average price of $16.96. Following those purchases his beneficial ownership is reported as 11,940,478 shares held indirectly by the Stephen M. Case Revocable Trust, for which he is sole trustee with the sole power to vote and dispose of the shares. The filing also reports a disposition of 67,427 common shares. The form is signed by Mr. Case on 09/10/2025.

Stephen M. Case, a director and >10% owner of Maui Land & Pineapple Co., reported amended insider purchases of the company’s common stock executed on 09/03/2025 and 09/04/2025. The filing discloses acquisition of 881 shares on 09/03/2025 at a weighted average price of $16.99 (range $16.95–$17.00) and 132 shares on 09/04/2025 at $16.99, resulting in 11,935,478 shares beneficially owned following the transactions. The shares are held indirectly by the Stephen M. Case Revocable Trust, for which Mr. Case is sole trustee with exclusive voting and disposition power. The Form 4/A is signed 09/08/2025 and includes a statement that Mr. Case can provide a list of purchased shares and prices on request.

Stephen M. Case, a director and >10% owner of Maui Land & Pineapple Co. (MLP), reported purchases and a sale of the issuer's common stock. On 09/03/2025 he acquired 881 shares and on 09/04/2025 he acquired 132 shares at a weighted average price of $16.99 per share (individual prices ranged from $16.95 to $17.00). Following those purchases his reported beneficial ownership held indirectly by the Stephen M. Case Revocable Trust was 119,935,478 shares. The filing also reports a disposition of 67,427 shares.

The filing states the shares acquired are held indirectly by the Trust, for which Mr. Case is sole trustee with sole power to direct vote and disposition. The report was signed by Mr. Case on 09/05/2025.

Stephen M. Case filed a Form 4 reporting transactions in Maui Land & Pineapple Co. (MLP) dated 08/27/2025. The filing shows a purchase of 320 shares of common stock at $17.00 per share and a separate disposition of 67,427 shares. After the reported transactions, the filing lists 11,934,465 shares beneficially owned indirectly through the Stephen M. Case Revocable Trust. The filing states Mr. Case is the sole trustee and has sole power to direct the vote and disposition of the trust-held shares.