Pale Fire Capital Buys $12.9 Million of Dole Ordinary Shares
Pale Fire Capital, a 10%+ owner of Dole plc, bought 986,557 ordinary shares from Nov. 2 to Nov. 4 at $13.036 to $13.38, lifting its indirect holding 9.6%.
Pale Fire Capital SE, a 10%+ owner of Dole plc, bought 986,557 ordinary shares for about $12.9 million between Nov. 2 and Nov. 4, according to a Form 4 filed Nov. 4, 2026. The filing lists three purchases, all in ordinary shares, $0.01 par value per share.
On Nov. 2, Pale Fire bought 230,294 shares at a weighted average price of $13.2572, in trades from $13.2173 to $13.2906, for about $3.05 million. On Nov. 3 it bought 753,563 shares at a weighted average price of $13.0477, in trades from $13.036 to $13.0776, for about $9.83 million. The last line is a purchase of 2,700 shares on Nov. 4 at $13.38, worth $36,126.
Prices paid across the three lines ran from $13.036 to $13.38, an average of $13.10 a share. None of the purchases was made under a Rule 10b5-1 plan, according to the filing.
A Form 4 is the report that officers, directors and holders of more than 10% of a company's stock must file within two business days of a trade in its shares. Transaction code P, used here, marks an open-market or private purchase paid for by the insider; the code is explained here. The Nov. 2 purchase was filed two days after the trade, the Nov. 3 purchase one day after, and the Nov. 4 purchase on the day it was made.
Pale Fire's holding is reported as indirect. Before the Nov. 2 purchase it held 10,282,620 ordinary shares. After the Nov. 3 purchase the figure was 11,266,477, and after the 2,700 shares bought on Nov. 4 it stood at 11,269,177. Across the three purchases, the indirect holding rose 9.6%. The Nov. 2 line alone raised it by 2.2%, and the Nov. 3 line by 7.2%.
Pale Fire had been buying before. Form 4s filed before Nov. 3 show four open-market purchases of Dole stock by insiders dated July 23 or later, worth about $8.6 million, all by Pale Fire as the only buyer. No open-market sales were filed in that window.
The largest of those earlier purchases came on Oct. 21, when Pale Fire bought 438,900 shares for about $5.76 million. On Oct. 22 it bought 163,780 shares for about $2.19 million, and on Oct. 20 it bought 45,676 shares for about $605,000.
Oct. 22 was the date of the last purchase before this filing. The first purchase in the new Form 4 came 11 days later.
Written by a large language model from primary sources linked in the article: AlphaScala's structured filing data (SEC Form 4 / STOCK Act / 13F / CFTC records) or an official release (central bank, BLS, EIA or SEC). Every figure is checked automatically against those sources before publication. Not investment advice.