August 27, 2025 · Form 4 insider transaction
Palmby Paul Laurence sold 403 shares of SENEA at $110.01 per share, a transaction worth $44.3K. The trade was recorded as i and disclosed on an SEC Form 4, filed 1 day after the transaction.
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).; 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.