Maui Land & Pineapple (NYSE: MLP) director Stephen Case increases share holdings

Rhea-AI Filing Summary

Maui Land & Pineapple Co. (MLP)Stephen M. Case. On December 8, 2025, a trust for his benefit bought 3,000 common shares in open-market purchases at a weighted average price of $16.38 per share, within a range of $16.18 to $16.50. On December 9, 2025, the same trust bought an additional 450 shares at $16.29 per share. After these transactions, the trust held 11,982,534 shares indirectly, while 67,427 shares were held directly in his name. Case is the sole trustee of the revocable trust and has sole voting and dispositive power over the shares it holds.

12/10/2025 - 04:30 PM

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

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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.

9TH FLOOR

(Street)

WASHINGTON DC 20036

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/08/2025

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	12/08/2025		P		3,000(1)	A	$16.38(1)	11,982,084	I	By Trust(2)
Common Stock	12/09/2025		P		450	A	$16.29	11,982,534	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 3,000 shares ranged from $16.18 to $16.50 per share. The weighted average purchase price was $16.38 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 directly 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 solepower to direct the vote and disposition of the shares held by the Trust.

	/s/ STEPHEN M CASE	12/10/2025
	** 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 insider transactions did MLP report for Stephen M. Case?

The company reported that Stephen M. Case, a director and 10% owner, bought 3,000 MLP shares on December 8, 2025 and 450 shares on December 9, 2025 through a trust.

At what prices did Stephen M. Case buy Maui Land & Pineapple (MLP) shares?

On December 8, 2025, the trust purchased 3,000 shares at a weighted average price of $16.38 per share within a range of $16.18 to $16.50. On December 9, 2025, it bought 450 shares at $16.29 per share.

How many Maui Land & Pineapple (MLP) shares does Stephen M. Case beneficially own after these trades?

Following the reported transactions, a revocable trust for Stephen M. Case held 11,982,534 MLP shares indirectly, and 67,427 shares were held directly.

What is the nature of Stephen M. Cases indirect ownership in MLP?

The indirect holdings are in the Stephen M. Case Revocable Trust under an agreement dated December 17, 1998, as amended. Case is the sole trustee and has sole power to vote and dispose of the shares held by the trust.

What roles does Stephen M. Case have at Maui Land & Pineapple (MLP)?

Stephen M. Case is reported as both a director and a 10% owner of Maui Land & Pineapple Co. Inc.

Was the MLP Form 4 filed for one or multiple reporting persons?

The filing indicates it was a Form filed by one reporting person, covering the transactions of Stephen M. Case.