SCHEDULE: ValueWorks LLC Discloses 5.03% Stake in Maui Land & Pineapple

ValueWorks LLC and Charles Lemonides have reported a 5.03% beneficial ownership stake in Maui Land & Pineapple Company, Inc., holding 992,542 shares of common stock.

Summary

• ValueWorks LLC and Charles Lemonides jointly reported beneficial ownership of 992,542 shares of Common Stock, $0.0001 par value, in MAUI LAND & PINEAPPLE COMPANY, INC.
• This ownership represents 5.03% of the issuer's class of securities.
• The shares are held with shared voting power and shared dispositive power by both ValueWorks LLC and Charles Lemonides.
• The acquisition of these securities was made in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• The securities are directly owned by advisory clients of ValueWorks LLC, with no single client beneficially owning more than 5% of the Common Stock.

Sentiment

Score: 5

Explanation: The filing is a standard regulatory disclosure of beneficial ownership, providing factual information without expressing a positive or negative sentiment about the issuer's performance or prospects.

Positives

• Increased transparency regarding significant institutional ownership in Maui Land & Pineapple Company, Inc.
• The investment is stated to be in the ordinary course of business, indicating a passive investment rather than an activist one.

Negatives

• No specific negative information is disclosed in this routine beneficial ownership filing.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer, mitigating potential control-related risks often associated with large stakes.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• 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.

Industry Context

This Schedule 13G filing represents a routine disclosure of a significant passive investment by an investment adviser and its principal in a publicly traded company. Such filings provide transparency to the market regarding institutional holdings, which is a standard practice in the investment industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially offering a degree of confidence or insight into institutional interest in the company.

Key Dates

Keywords

Maui Land & Pineapple Company, ValueWorks LLC, Charles Lemonides, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment