SELLERS R SCOT 4

What Happened
R. Scot Sellers, a director of Maui Land & Pineapple Co., was granted 50,800 shares of common stock on 2026-05-20 (transaction code A — award/grant). The shares were issued at $0.00 per share (no cash paid at grant). The award is a time-based equity grant designed to vest over future quarters rather than an immediate open-market purchase or sale.

Key Details

• Transaction date and price: 2026-05-20; 50,800 shares at $0.00 per share (award/grant).
• Filing date: 2026-05-22 (Form 4 accession 0001195979-26-000006). This appears within the typical two-business-day Form 4 filing window.
• Shares owned after transaction: Not reported in the provided excerpt.
• Footnote: The shares were granted under the Company’s 2017 Equity and Incentive Award Plan and will vest in equal installments over 16 calendar quarters, beginning June 30, 2026, provided Mr. Sellers remains a director on each vesting date.

Context
Time-based grants like this are generally retention/compensation awards and do not represent an immediate market purchase or sale. Because vesting is spread over four years (16 quarters), the economic benefit to the insider depends on continued service and future company performance; the grant itself does not indicate an immediate change in market holdings.