ValueWorks LLC and portfolio manager Charles Lemonides reported a passive ownership stake in Maui Land & Pineapple Company, Inc. common stock. They disclosed beneficial ownership of 992,542 shares, representing 5.03% of the company’s outstanding common stock as of the event date. All of these shares are held in advisory accounts of ValueWorks’ clients, and no individual client is reported to own more than 5% of the stock. The filing states that the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Maui Land & Pineapple (MLP) did ValueWorks disclose?
ValueWorks LLC and Charles Lemonides disclosed beneficial ownership of 992,542 Maui Land & Pineapple common shares, representing 5.03% of the outstanding class.
Who are the reporting persons in this Maui Land & Pineapple (MLP) Schedule 13G?
The reporting persons are ValueWorks LLC, a Delaware investment adviser, and Charles Lemonides, an individual based in the United States and associated with ValueWorks.
Do ValueWorks and Charles Lemonides control voting and disposition of the Maui Land & Pineapple (MLP) shares?
They report shared power to vote and dispose of 992,542 shares and no sole power to vote or dispose of any Maui Land & Pineapple shares.
Are the Maui Land & Pineapple (MLP) shares directly owned by ValueWorks or its clients?
All reported securities are directly owned by advisory clients of ValueWorks LLC; the filing states that no client may be deemed to beneficially own more than 5% of the common stock.
Is the Maui Land & Pineapple (MLP) stake intended to influence control of the company?
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Maui Land & Pineapple.
What class of Maui Land & Pineapple (MLP) securities is covered by this ownership report?
The report covers Common Stock of Maui Land & Pineapple Company, Inc. with a par value of $0.0001 per share and CUSIP 577345101.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
MAUI LAND & PINEAPPLE COMPANY, INC.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
577345101
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
577345101
1
Names of Reporting Persons
VALUEWORKS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
992,542.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
992,542.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
992,542.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.03 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP No.
577345101
1
Names of Reporting Persons
CHARLES LEMONIDES
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
992,542.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
992,542.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
992,542.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.03 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
MAUI LAND & PINEAPPLE COMPANY, INC.
(b)
Address of issuer's principal executive offices:
500 Office Road, Lahaina, Maui, Hawai'i 96761
Item 2.
(a)
Name of person filing:
ValueWorks LLC
Charles Lemonides
(b)
Address or principal business office or, if none, residence:
ValueWorks LLC
One World Trade Center, Suite 84-G
New York, New York 10007
Charles Lemonides
c/o ValueWorks LLC
One World Trade Center, Suite 84-G
New York, New York 10007
(c)
Citizenship:
ValueWorks LLC - Delaware
Charles Lemonides - United States
(d)
Title of class of securities:
Common Stock, $0.0001 par value
(e)
CUSIP No.:
577345101
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
ValueWorks LLC - 992,542
Charles Lemonides - 992,542
(b)
Percent of class:
ValueWorks LLC - 5.03%
Charles Lemonides - 5.03%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
ValueWorks LLC - 0
Charles Lemonides - 0
(ii) Shared power to vote or to direct the vote:
ValueWorks LLC - 992,542
Charles Lemonides - 992,542
(iii) Sole power to dispose or to direct the disposition of:
ValueWorks LLC - 0
Charles Lemonides - 0
(iv) Shared power to dispose or to direct the disposition of:
ValueWorks LLC - 992,542
Charles Lemonides - 992,542
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of ValueWorks LLC. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Stock, $0.0001 par value.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
VALUEWORKS LLC
Signature:
By: /s/ Charles Lemonides
Name/Title:
Charles Lemonides, Managing Member
Date:
12/08/2025
CHARLES LEMONIDES
Signature:
By: /s/ Charles Lemonides
Name/Title:
Charles Lemonides
Date:
12/08/2025
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Exhibit Information
[Exhibit A - Joint Filing Agreement]
[Exhibit B - Control Person Identification]
