Maui Land & Pineapple (MLP) director Stephen Case reports 5,000-share insider purchase

Rhea-AI Filing Summary

Maui Land & Pineapple Co., Inc. insider trade: Director and 10% owner Stephen M. Case reported buying 5,000 shares of common stock on 12/11/2025. The purchase, coded as transaction type "P" for a buy, carried a weighted average price of $16.79 per share, with individual prices ranging from $16.78 to $16.86.

After this transaction, Mr. Case is shown as beneficially owning 11,987,534 shares indirectly through the Stephen M. Case Revocable Trust and 67,427 shares directly. Mr. Case serves as sole trustee of the trust and has sole power to vote and dispose of the shares held by it.

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)
12/11/2025

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	12/11/2025		P		5,000(1)	A	$16.79(1)	11,987,534	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 5,000 shares ranged from $16.78 to $16.86 per share. The weighted average purchase price was $16.79 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	12/12/2025
	** 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).
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FAQ

What insider transaction did Maui Land & Pineapple (MLP) report?

The filing reports that Director and 10% owner Stephen M. Case bought 5,000 shares of Maui Land & Pineapple common stock on 12/11/2025.

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

The 5,000 shares were purchased at prices ranging from $16.78 to $16.86 per share, with a weighted average purchase price of $16.79 per share.

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

Following the reported transaction, Stephen M. Case beneficially owns 11,987,534 shares indirectly through a revocable trust and 67,427 shares directly.

What is Stephen M. Case’s relationship to Maui Land & Pineapple (MLP)?

Stephen M. Case is reported as a Director and a 10% Owner of Maui Land & Pineapple Co., Inc.

How are the indirectly held Maui Land & Pineapple (MLP) shares owned by Stephen M. Case structured?

The indirectly held shares are owned by the Stephen M. Case Revocable Trust under an agreement dated December 17, 1998, as amended, with Mr. Case serving as sole trustee.

Can investors obtain detailed trade prices for Stephen M. Case’s Maui Land & Pineapple (MLP) share purchases?

Yes. The filing states that upon request, Mr. Case will provide the SEC staff, the issuer, or any security holder with a list of the shares purchased and the prices paid per share.