Stephen Case (MLP) trust adds 5,000 MAUI LAND & PINEAPPLE shares

Rhea-AI Filing Summary

MAUI LAND & PINEAPPLE CO INC director and 10% owner Stephen M. Case reported additional open-market purchases of company stock through his revocable trust. On August 21 and 22, 2025, the Stephen M. Case Revocable Trust bought 2,500 shares each day of common stock at weighted average prices of $16.15 and $16.52 per share, respectively. Case serves as sole trustee and has sole voting and disposition power over the shares held by the trust. Following these transactions, indirect holdings reported for the trust total 11,931,445 shares of common stock, while direct holdings reported in Case’s own name are 67,427 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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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^*

CASE STEPHEN M

(Last) (First) (Middle)

1717 RHODE ISLAND AVENUE, N.W.

7TH FLOOR

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MAUI LAND & PINEAPPLE CO INC [ MLP ]

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

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/25/2025

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	08/21/2025		P		2,500(1)	A	$16.15(1)	11,928,945	I	By Trust(2)
Common Stock	08/22/2025		P		2,500(3)	A	$16.52(3)	11,931,445	I	By Trust(2)
Common Stock								67,427	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. The price per share paid for the 2,500 shares ranged from $15.90 to $16.20 per share. The weighted average purchase price was $16.15 per share. Upon request, Mr. Case will provide the SEC staff, issuer, or any security holder of the issuer a list of the shares purchased and the prices paid per share.

2. Shares held by the Stephen M. Case Revocable Trust under agreement, dated December 17, 1998, as amended (the "Trust"). Mr. Case serves as the sole trustee of the Trust and has the sole power to direct the vote and disposition of the shares held by the Trust.

3. The price per share paid for the 2,500 shares ranged from $15.93 to $17.00 per share. The weighted average purchase price was $16.52 per share. Upon request, Mr. Case will provide the SEC staff, issuer, or any security holder of the issuer a list of the shares purchased and the prices paid per share.

Remarks:

4. The original Form 4, filed on August 25, 2025, is being amended by this Form 4 amendment solely to correct the date of earliest transaction to 08/21/25. The original Form 4 showed the date of earliest transaction as 08/19/25.

	/s/ STEPHEN M CASE	03/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Stephen M. Case report for MLP?

Stephen M. Case reported two open-market purchases of MAUI LAND & PINEAPPLE common stock, each for 2,500 shares. The trades occurred on August 21 and 22, 2025, through his revocable trust, at weighted average prices of $16.15 and $16.52 per share.

At what prices did the Stephen M. Case Revocable Trust buy MLP shares?

The trust purchased 2,500 MLP shares on August 21, 2025 at a weighted average of $16.15 per share. It bought another 2,500 shares on August 22, 2025 at a weighted average of $16.52 per share, within disclosed intraday price ranges.

How many MAUI LAND & PINEAPPLE shares does Stephen M. Case now indirectly hold?

After the reported transactions, indirect holdings for Stephen M. Case, through the Stephen M. Case Revocable Trust, total 11,931,445 shares of MAUI LAND & PINEAPPLE common stock. These shares are held in the trust, with Case serving as sole trustee with sole voting and disposition power.

Does Stephen M. Case still hold MLP shares directly in his own name?

Yes. In addition to trust holdings, the filing shows Stephen M. Case directly holding 67,427 shares of MAUI LAND & PINEAPPLE common stock. This direct position is separate from the 11,931,445 shares reported as held indirectly through the Stephen M. Case Revocable Trust.

Who controls voting and disposition of the MLP shares held in Stephen M. Case’s trust?

The MAUI LAND & PINEAPPLE shares are held by the Stephen M. Case Revocable Trust under an agreement dated December 17, 1998, as amended. Stephen M. Case serves as the sole trustee and has sole power to direct voting and disposition of all shares held by the trust.

Were the reported MLP insider trades open-market purchases or another type of transaction?

Both transactions were reported with code P as open-market purchases of MAUI LAND & PINEAPPLE common stock. Each involved acquiring 2,500 shares through the Stephen M. Case Revocable Trust, reflecting standard buy activity rather than grants, option exercises, gifts, or tax-related dispositions.