CASE STEPHEN M 4/A

What Happened Stephen M. Case, a 10% owner of Maui Land & Pineapple Co., acquired 5,000 shares in two open-market/private purchases on August 21–22, 2025. He bought 2,500 shares on 08/21/2025 at a weighted average price of $16.15 (total ~$40,375) and 2,500 shares on 08/22/2025 at a weighted average price of $16.52 (total ~$41,300), for an aggregate purchase value of about $81,675. These are purchases (P) — purchases are often viewed as a more bullish signal than sales, though no motive is stated.

Key Details

• Transaction dates and prices:
  • 08/21/2025 — 2,500 shares, weighted avg $16.15 (price range reported $15.90–$16.20) — ~$40,375 (F1)
  • 08/22/2025 — 2,500 shares, weighted avg $16.52 (price range reported $15.93–$17.00) — ~$41,300 (F3)
• Total shares purchased: 5,000; total cash outlay ≈ $81,675.
• Shares owned after transaction: Not reported in this Form 4.
• Beneficial ownership: Shares are held by the Stephen M. Case Revocable Trust (dated Dec 17, 1998, as amended); Mr. Case is sole trustee with sole power to vote and dispose (F2).
• Filing status: This is an amended Form 4 filed 2026-03-20 to correct the earliest transaction date to 08/21/25 (original Form 4 was filed 08/25/25). The amendment and filing are months after the transaction dates (i.e., late filing).

Context

• Mr. Case is a 10% owner, not an inside executive role; purchases by large owners can signal confidence but do not by themselves explain intent.
• Footnotes indicate price ranges for the trades and that Mr. Case will provide details of specific share purchases and prices upon request to the SEC, issuer, or security holders.