Seneca Foods Insider Report: Plan-Level Dispositions of Class A/B Units

Rhea-AI Filing Summary

Seneca Foods Corp reporting person Paul Laurence Palmby disclosed discretionary dispositions of company stock held through the Seneca Foods 401(k) Stock Fund. The filing shows units tied to Class A and Class B common shares were redeemed from the unitized Stock Fund for portfolio diversification, with valuation based on the closing prices on the disposition date. The report lists dispositions executed on 08/27/2025 and indicates the disposed units reflected holdings within the 401(k) plan rather than direct open-market sales.

The explanation clarifies the Stock Fund continuously reallocates between Class A, Class B and cash, so the exact underlying share counts fluctuate daily and certain elective deferrals and company matching contributions since the last report were exempt from reporting.

Insights

Financial Analyst

TL;DR: Routine, non-market-moving 401(k) fund dispositions for diversification; no direct open-market insider selling indicated.

The reported transactions are described as dispositions of units within a unitized 401(k) Stock Fund, not explicit open-market trades by the reporting person. Such plan-level redemptions are commonly executed for diversification or plan reallocation and are valued at the plan's closing price on the disposition date. From an investor-significance perspective, these actions are typically non-material to company valuation because they reflect internal plan mechanics and not a change in insider intent regarding company ownership stakes.

Corporate Governance Expert

TL;DR: Compliance filing documents allowed plan-based dispositions; disclosure meets Section 16 transparency expectations.

This Form 4 documents that the reporting person used a plan mechanism subject to Rule 16 reporting exemptions for certain contributions. The filer provides the required explanation that holdings fluctuate daily within the Stock Fund and that recent elective deferrals and matching contributions were exempt from separate reporting. Governance-wise, the filing appears to satisfy disclosure obligations and clarifies the nature of the dispositions, reducing potential market misinterpretation of insider intent.

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

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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^*

Palmby Paul Laurence

(Last) (First) (Middle)

C/O SENECA FOODS CORPORATION

418 E CONDE ST

(Street)

JANESVILLE WI 53546

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Seneca Foods Corp [ SENEA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

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
Seneca Foods Class A Common	08/27/2025		I(1)		1,528	D	$110.89(2)	0	I	By 401-K Plan
Seneca Foods Class B Common	08/27/2025		I(1)		403	D	$110.01(2)	0	I	By 401-K Plan
Seneca Foods Class B Common								2,033	D
Seneca Foods Class A Common								23,098	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 disposition reported in Column 4 was made by the Reporting Person for portfolio diversification purposes. The securities disposed reflect the Reporting Person's units in the Seneca Foods Corporation Stock Fund (the "Stock Fund") under the 401(k) Plan. The Stock Fund is a unitized stock fund that holds shares of Class A common stock, Class B common stock, and a cash balance to facilitate transfers between investment fund options in the 401(k) Plan. The actual number of shares of Class A common stock and Class B common stock owned by the Reporting Person fluctuates daily based on the Stock Fund's aggregate holdings. The Reporting Person's holdings under the 401(k) Plan at the time of disposition also included additional units acquired in connection with elective deferrals and Company matching contributions since the Reporting Person's last beneficial ownership report. Those transactions were exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B).

2. Pursuant to the terms of the 401(k) plan, the units in the Stock Fund are valued based on the closing price for the Company's Class A and Class B common stock on the disposition date.

	/s/ Gregory R. Ide, Attorney in Fact	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Paul Laurence Palmby report on the Seneca Foods (SENEB) Form 4?

The report discloses dispositions of units in the companys 401(k) Stock Fund tied to Class A and Class B common stock for portfolio diversification.

Were the dispositions open-market sales or plan-level transactions?

They were plan-level dispositions from a unitized 401(k) Stock Fund, not described as direct open-market sales by the reporting person.

What valuation method was used for the disposed units?

Units in the Stock Fund were valued based on the closing price of the Companys Class A and Class B common stock on the disposition date.

Did the filing indicate any change in beneficial ownership outside the 401(k) plan?

The filing explains the dispositions reflect 401(k) Stock Fund units and notes additional plan contributions since the last report; it does not state other direct ownership changes.

Does this Form 4 suggest material insider selling by Seneca Foods executives?

No. The filing characterizes the transactions as routine 401(k) plan reallocations for diversification, which are generally not material to investor valuation.