ALCO Alico Inc

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

(Amendment No. 3)^*

Alico, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

016230104

(CUSIP Number)

December 31, 2023

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13G

Alico, Inc.

10070 Daniels Interstate Court

Suite 100

Fort Myers, Florida 33913

Thomas A. Satterfield, Jr.

Thomas A. Satterfield, Jr.

15 Colley Cove Drive

Gulf Breeze, Florida 32561

Incorporated by reference from Item 4 of the Cover Pages.

Incorporated by reference from the Cover Pages.

Incorporated by reference from the Cover Pages.

Not Applicable.

Incorporated by reference from Item 9 of the Cover Pages.

Incorporated by reference from Item 11 of the Cover Pages.

Incorporated by reference from Item 5 of the Cover Pages.

Incorporated by reference from Item 6 of the Cover Pages.

Incorporated by reference from Item 7 of the Cover Pages.

Incorporated by reference from Item 8 of the Cover Pages.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

With respect to the beneficial ownership reported for Thomas A. Satterfield, Jr., 5,000 shares are held jointly with Rebecca S. Satterfield, Mr. Satterfield’s spouse; 70,000 shares are held by Tomsat Investment & Trading Co., Inc., a corporation controlled by Mr. Satterfield and of which he serves as President; 215,000 shares are held by Caldwell Mill Opportunity Fund, LLC which fund is managed by an entity of which Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager; and 152,500 shares are held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield.

Additionally, Mr. Satterfield has limited powers of attorney for voting and disposition purposes with respect to the following shares: Thomas A. Satterfield, Sr. (28,000 shares); John and Angela Picton (5,000 shares); Christy Beard (2,000 shares); Paula and Gene Colley (4,000 shares); Glenna and Jessee Colley (5,000 shares); Parker Little Trust (500 shares); Lola Little Trust (500 shares); John Hulsey (400 shares); Rita Brock Phifer (10,000 shares); Jeanette S. Kaiser (21,000 shares); Richard W. Kaiser (6,000 shares); Henry Beck (4,000 shares); Alexandria Pontikes Flannery (260 shares); Camille Pontikes Richards (250 shares); and Parker Satterfield (2,000 shares). These individuals and entities have the right to receive or the power to direct the receipt of the proceeds from the sale of their respective shares.

Not Applicable.

Not Applicable.

Not Applicable.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.