Stephen M. Case (MLP) adds Maui Land & Pineapple shares via revocable trust

Rhea-AI Filing Summary

Maui Land & Pineapple director and 10% owner Stephen M. Case reported indirect open-market purchases of common stock through the Stephen M. Case Revocable Trust. On August 25, 2025, the trust bought 2,500 shares at prices ranging from $16.88 to $17.00, with a weighted average of $16.99 per share. On August 26, 2025, it bought an additional 200 shares at $16.99 per share.

Following these transactions, the trust held 11,934,145 shares indirectly, while Mr. Case also held 67,427 shares directly. He serves as sole trustee of the trust with sole power to vote and dispose of its shares.

Insider Trade Summary

Net Buyer: 2,700 shares ($45,873)

Net Buy 3 txns

Insider CASE STEPHEN M

Role Director, 10% Owner

Bought 2,700 shs ($46K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	200	$16.99	$3K
Purchase	Common Stock	2,500	$16.99	$42K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,934,145 shares (Indirect, By Trust); Common Stock — 67,427 shares (Direct)

Footnotes (1)

1. The price per share paid for the 2,500 shares ranged from $16.88 to $17.00 per share. The weighted average purchase price was $16.99 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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)
08/25/2025

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	08/25/2025		P		2,500(1)	A	$16.99(1)	11,933,945	I	By Trust(2)
Common Stock	08/26/2025		P		200	A	$16.99	11,934,145	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 $16.88 to $17.00 per share. The weighted average purchase price was $16.99 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.

	/s/ STEPHEN M CASE	08/27/2025
	** 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 director Stephen M. Case report?

Stephen M. Case reported two open-market purchases of Maui Land & Pineapple common stock. On August 25, 2025, a trust associated with him bought 2,500 shares, and on August 26, 2025 it bought 200 shares, all at prices around $16.99 per share.

At what prices were the recent MLP shares purchased by the trust?

The trust’s 2,500-share purchase was priced between $16.88 and $17.00 per share. The weighted average for that trade was $16.99 per share, and the additional 200 shares acquired on August 26, 2025 were purchased at $16.99 per share.

How many MLP shares does the Stephen M. Case Revocable Trust hold after these trades?

After the reported trades, the revocable trust held 11,934,145 MLP common shares indirectly. These shares are reported as indirectly owned, with Mr. Case serving as the sole trustee, giving him sole voting and disposition power over the trust’s holdings.

How many Maui Land & Pineapple shares does Stephen M. Case own directly?

Stephen M. Case is reported as directly owning 67,427 MLP common shares. This direct holding is separate from the 11,934,145 shares held indirectly through the Stephen M. Case Revocable Trust, which are reported under indirect beneficial ownership.

What is the nature of Stephen M. Case’s indirect ownership in MLP?

His indirect ownership is through the Stephen M. Case Revocable Trust. The filing states that the trust holds the shares and that Mr. Case, as sole trustee, has sole power to direct the vote and disposition of the trust’s Maui Land & Pineapple shares.

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

Stephen M. Case is both a director and a 10% owner of Maui Land & Pineapple. The Form 4 indicates his board role and significant ownership stake, alongside detailing his direct and indirect holdings in the company’s common stock.