Trust of Maui Land (NYSE: MLP) director Stephen Case buys 320 shares

Rhea-AI Filing Summary

Maui Land & Pineapple Co. director and 10% owner Stephen M. Case reported an open-market purchase of common stock through a trust associated with him. The Stephen M. Case Revocable Trust bought 320 shares at $17.00 per share, held indirectly. After this trade, indirectly held shares were 11,934,465, while directly held shares were 67,427.

Insider Trade Summary

Net Buyer: 320 shares ($5,440)

Net Buy 2 txns

Insider CASE STEPHEN M

Role Director, 10% Owner

Bought 320 shs ($5K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	320	$17.00	$5K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,934,465 shares (Indirect, By Trust); Common Stock — 67,427 shares (Direct)

Footnotes (1)

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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)
08/27/2025

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	08/27/2025		P		320	A	$17	11,934,465	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 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	08/29/2025
	** 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 Maui Land & Pineapple (MLP) report for Stephen M. Case?

Maui Land & Pineapple reported that a trust associated with director and 10% owner Stephen M. Case purchased 320 shares of common stock. The transaction was an open-market buy at a stated price of $17.00 per share, increasing his indirect holdings.

How many Maui Land & Pineapple (MLP) shares did the trust buy and at what price?

The Stephen M. Case Revocable Trust bought 320 shares of Maui Land & Pineapple common stock. The purchase was reported at a price of $17.00 per share in an open-market transaction, as disclosed in the Form 4 insider filing.

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

After the reported transaction, Stephen M. Case indirectly held 11,934,465 Maui Land & Pineapple shares through the revocable trust and directly held 67,427 shares. These totals reflect the updated ownership positions reported in the Form 4 filing.

Was Stephen M. Case’s Maui Land & Pineapple (MLP) purchase direct or through an entity?

The reported purchase was indirect, executed through the Stephen M. Case Revocable Trust. The Form 4 notes the ownership as “By Trust,” with Mr. Case serving as sole trustee and holding sole power to direct the vote and disposition of the trust’s shares.

What is Stephen M. Case’s role at Maui Land & Pineapple (MLP) in this Form 4?

In the Form 4, Stephen M. Case is identified as a director and a ten percent owner of Maui Land & Pineapple. His positions highlight that the reported trust transaction involves a significant insider with substantial influence and a large existing shareholding.

What type of transaction code appears in Stephen M. Case’s Maui Land & Pineapple (MLP) Form 4?

The purchase transaction uses code “P,” indicating a purchase in an open market or private transaction. The filing classifies it as a non-derivative transaction in common stock, reinforcing that it was a straightforward buy of outstanding shares rather than a derivative exercise.