Maui Land & Pineapple director buys MLP shares

Maui Land & Pineapple Co. director and major shareholder Stephen M. Case reported an open-market purchase of 967 shares of Common Stock at $17.0000 per share through a trust.

Accepted by SEC EDGAR 09/11/2025 - 04:35 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Maui Land & Pineapple Co. director and major shareholder Stephen M. Case reported an open-market purchase of 967 shares of Common Stock at $17.0000 per share through a trust.

The shares are held by the Stephen M. Case Revocable Trust, for which he is sole trustee with sole voting and investment power. Following this transaction, his indirect holdings through the trust were 11,941,445 shares, and his direct holdings were 67,427 shares of Common Stock.

Insider Trade Summary

Net Buyer: 967 shares

Net Buy 1 txn

Insider CASE STEPHEN M

Role Director, 10% Owner

Bought 967 shs ($16K)

Increase in Position <0.01%

Type	Security	Shares	Price	Value
Purchase	Common Stock	967	$17.00	$16K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,941,445 shares (Indirect, By Trust); Common Stock — 67,427 shares (Direct)

Holdings Before and After: Common Stock, 11,940,478 to 11,941,445 shares (Indirect, By Trust)

Footnotes (1)

1. F1. 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 sole power to direct the vote and disposition of the shares held by the Trust.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Stephen M. Case reported buying 967 MLP shares of Common Stock in an open-market purchase at $17.0000 per share. The transaction was made through a revocable trust where he serves as sole trustee with full voting and investment authority over the shares.

How many Maui Land & Pineapple (MLP) shares does Stephen M. Case hold after this filing?

After the transaction, Stephen M. Case held 11,941,445 indirect shares of Common Stock through his revocable trust and 67,427 shares directly. These figures show his total reported ownership positions immediately following the reported open-market purchase on the transaction date.

Was the MLP insider transaction a purchase or a sale?

The reported MLP insider transaction was a purchase. The Form 4 shows an open-market buy (transaction code P) of 967 shares of Common Stock at $17.0000 per share, increasing Stephen M. Case’s indirect holdings through his revocable trust.

How are the purchased MLP shares held by Stephen M. Case?

The purchased MLP shares are held indirectly through a revocable trust. They are owned by the Stephen M. Case Revocable Trust, for which Mr. Case is the sole trustee with sole power to direct both voting and disposition of the trust’s shares.

What does the Form 4 reveal about Stephen M. Case’s direct holdings in MLP?

The Form 4 discloses Stephen M. Case’s direct holdings of 67,427 MLP shares of Common Stock after the reported transaction. This direct position is separate from his much larger indirect ownership through the Stephen M. Case Revocable Trust.

Does Stephen M. Case control the MLP shares held by his trust?

Yes, Stephen M. Case controls the trust-held MLP shares. The filing states he is the sole trustee of the Stephen M. Case Revocable Trust, with sole power to direct both the voting and disposition of the shares held by the trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
09/10/2025

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	09/10/2025		P		967	A	$17	11,941,445	I	By Trust(1)
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. 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 sole power to direct the vote and disposition of the shares held by the Trust.

	/s/ STEPHEN M CASE	09/11/2025
	** 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.
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