Maui Land & Pineapple Insider Update: Kodama Reports 618-Share Withholding

Rhea-AI Filing Summary

On July 8, 2025, Maui Land & Pineapple Co. (ticker: MLP) Chief Financial Officer Wade K. Kodama filed a Form 4 disclosing a small insider transaction.

The filing shows a Code F transaction—shares withheld to satisfy tax or exercise-price obligations—covering 618 common shares at a stated price of $0. Following the withholding, Kodama’s direct ownership stands at 26,895 shares. No derivative securities transactions were reported, and there is no indication of additional purchases or open-market sales.

The report involves a routine administrative adjustment rather than a strategic buy or sell, and the share quantity is modest relative to typical trading volumes. Accordingly, the disclosure carries limited financial impact for most investors but may interest those tracking insider ownership trends at MLP.

Insights

Securities Analyst

TL;DR: Routine tax-related withholding of 618 shares; negligible market impact.

The Form 4 indicates CFO Wade Kodama settled tax or exercise costs by surrendering 618 shares, leaving him with 26,895 shares. Code F transactions are non-cash events and usually immaterial. The size—well under 1% of daily volume—suggests no signalling of management sentiment. I view the disclosure as neutral for valuation and liquidity.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider KODAMA WADE K

Role CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	618	$0.00	--

Holdings After Transaction: Common Stock — 26,895 shares (Direct)

Footnotes (1)

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^*

KODAMA WADE K

(Last) (First) (Middle)

95-1025 AHIKAO ST.

(Street)

MILILANI HI 96789

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2025

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	07/08/2025		F		618	D	$0	26,895	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:

	/s/ Wade Kodama	07/08/2025
	** 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 transaction did MLP disclose on July 8, 2025?

A Form 4 revealed CFO Wade Kodama had 618 shares withheld (Code F) for tax or exercise purposes.

How many Maui Land & Pineapple shares does CFO Wade Kodama now hold?

After the reported transaction, Kodama directly owns 26,895 MLP common shares.

Was the transaction a purchase or a sale?

It was neither an open-market buy nor sell; it was a Code F withholding to cover tax or exercise costs.

Did the filing mention any derivative securities activity?

No, the Form 4 reported no derivative security acquisitions or dispositions.

Does this Form 4 signal any strategic change at MLP?

The small, administrative nature of the transaction suggests no strategic implications for Maui Land & Pineapple.