Maui Land & Pineapple Company filings document the formal disclosures of a Maui landholding and real estate operating company. The record includes material-event reports on operating results, property agreements, water infrastructure disclosures, credit facility amendments and other business updates tied to the company’s land, leasing and resort-related asset base.
Proxy filings cover governance matters such as director elections, executive compensation, equity awards, pay-versus-performance information and shareholder voting items. Other disclosures address annual-report timing, capital structure, secured borrowing arrangements, commercial property collateral, and the agreements and risks associated with developing, leasing, selling and managing land and infrastructure assets on Maui.
Ota Ken reported acquisition or exercise transactions in this Form 4 filing.
Maui Land & Pineapple Co. Inc. granted director Ken Ota 5,804 shares of common stock as director compensation for the period from January 1, 2026 to December 31, 2026 under its 2017 Equity and Incentive Award Plan.
The award vests in four equal installments of 1,451 shares on March 31, June 30, September 30, and December 31, 2026, in each case only if he remains a director on the applicable vesting date. After this grant, Ota directly holds 13,336 common shares.
CASE STEPHEN M reported acquisition or exercise transactions in this Form 4 filing.
Maui Land & Pineapple Co. Inc. director and more-than-10% owner Stephen M. Case reported an equity award of 5,060 shares of common stock on March 3, 2026 under the company’s 2017 Equity and Incentive Award Plan as director compensation for 2026.
The award carries a stated price of $0.00 per share and is subject to forfeiture restrictions that lapse quarterly, provided he remains a director. 1,265 shares are scheduled to vest on each of March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. Following this grant, he held 72,487 common shares directly.
The filing also reports indirect ownership of 11,987,834 common shares held by the Stephen M. Case Revocable Trust, for which Mr. Case serves as sole trustee with sole power to direct voting and disposition of those shares.
Ngo Agnes Catherine reported acquisition or exercise transactions in this Form 4 filing.
Maui Land & Pineapple Co., Inc. director Agnes Catherine Ngo reported an equity grant of 5,656 shares of common stock as director compensation. The award was granted under the company’s 2017 Equity and Incentive Award Plan at a price of $0.00 per share.
The shares are subject to vesting and forfeiture restrictions that lapse quarterly during 2026, provided she remains a director on each vesting date. The grant is scheduled to vest in four equal installments of 1,414 shares on March 31, June 30, September 30, and December 31, 2026. Following this award, she beneficially owns 16,557 shares of common stock directly.
SABIN JOHN reported acquisition or exercise transactions in this Form 4 filing.
Maui Land & Pineapple Co Inc director John Sabin reported an equity award of 5,956 shares of common stock under the Company’s 2017 Equity and Incentive Award Plan as director compensation for January 1, 2026 to December 31, 2026.
According to the award terms, 1,489 shares are scheduled to vest on each of March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026, subject to his continued service as director on each vesting date. Following this grant, Sabin directly held 21,243 common shares.
ValueWorks LLC and its managing member Charles Lemonides have filed Amendment No. 1 to a Schedule 13G reporting a significant stake in Maui Land & Pineapple Company, Inc. They report beneficial ownership of 1,202,155 shares of common stock, representing 6.09% of the outstanding class as of the event date of 12/31/2025.
Both ValueWorks and Lemonides report no sole voting or dispositive power over these shares, but shared voting and shared dispositive power over the full 1,202,155 shares. All of the securities are directly owned by advisory clients of ValueWorks LLC, and no individual client is deemed to own more than 5% of the stock.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company, other than activities solely in connection with a nomination under the specified proxy rule.
Maui Land & Pineapple Company, Inc. entered into a purchase agreement to sell a 30-acre unimproved Lahaina, Hawaii parcel to its Chief Executive Officer, Race A. Randle, for $1,200,000. The CEO plans to develop the land as a farm and home under the agreement’s terms.
The buyer deposits $50,000 within two business days of signing and another $50,000 after a 90-day due diligence period, with both refundable if specific termination or non-closing conditions occur. If the CEO proceeds, the deposit becomes non-refundable.
The deal includes a fifth-anniversary value true-up requiring extra payment if fair market value then exceeds the original price, a long-term principal-residence occupancy requirement that can trigger a company repurchase option, and a shared appreciation feature where a decreasing share of sale profits is paid to the company if the property is sold before the tenth anniversary. The board obtained an independent Hawaii appraisal confirming the price exceeds current fair market value as of the effective date.
MAUI LAND & PINEAPPLE CO INC reported an insider equity transaction by its Chief Financial Officer, Wade Kodama. On January 8, 2026, Kodama had a Form 4 reportable event involving 695 shares of the company’s common stock, coded as an "F" transaction and shown as a disposition at a per-share price of $0. Following this transaction, Kodama is shown as beneficially owning 25,582 shares of common stock with direct ownership.
Maui Land & Pineapple Company, Inc. entered into new loan agreements with First Hawaiian Bank that expand and extend its main credit line. The company’s revolving credit facility increased from $15.0 million to $25.0 million and the term was lengthened to five years, with a new maturity date of December 31, 2030.
The facility allows revolving or term loan borrowings, with revolving interest priced at the bank’s prime rate minus 1.125 percentage points and term loans at the bank’s commercial loan rates, with interest rate swap options. Revolving borrowings can be converted into term loans for up to 10 years, potentially extending repayment to December 31, 2040. The company’s three premier commercial properties in the Kapalua Resort remain pledged as collateral, and as of December 22, 2025, it had $3.0 million outstanding under the facility.
Maui Land & Pineapple Co Inc director and 10% owner Stephen M. Case reported buying 300 shares of common stock on 12/12/2025 at $ 17 per share, in a transaction reported as indirect ownership through his revocable trust.
After this purchase, he beneficially owns 11,987,834 shares indirectly via the Stephen M. Case Revocable Trust and 67,427 shares directly, reflecting a substantial personal stake in the company.
Maui Land & Pineapple Company, Inc. director R. Scot Sellers reported open-market purchases of the company’s common stock. On 12/10/2025, he acquired 3,000 shares at a weighted average price of $16.77 per share, in trades executed between $16.58 and $16.80. On 12/11/2025, he acquired an additional 1,964 shares at a weighted average price of $16.75 per share, also in the $16.58–$16.80 range.
Following these transactions, Sellers directly beneficially owns 34,744 shares of Maui Land & Pineapple common stock. He has indicated that, upon request, he will provide the SEC staff, the issuer, or any security holder with detailed trade and price information for these purchases.