Director Laura Anthony gifted 37,228 units of Common Share $0.0001 Par Value and was granted 37,228 units of Common Share $0.0001 Par Value, closing all direct ownership in the company (SEC Form 4)
$PANL
Marine Transportation
Consumer Discretionary
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Issuer Name and Ticker or Trading Symbol
Pangaea Logistics Solutions Ltd. [ PANL ] | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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| 2a. Foreign Trading Symbol
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| 3. Date of Earliest Transaction
(Month/Day/Year) 02/28/2025 | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| 4. If Amendment, Date of Original Filed
(Month/Day/Year) |
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Share $0.0001 Par Value | 02/28/2025 | G | V | 23,088(1) | D | $5.2 | 14,140 | D | ||
| Common Share $0.0001 Par Value | 02/28/2025 | A | 11,544 | A | $0 | 706,973 | I | Anthony Laura Irrevocable Trust for benefit of Anthony M Laura | ||
| Common Share $0.0001 Par Value | 02/28/2025 | A | 11,544 | A | $0 | 706,983 | I | Anthony Laura Irrevocable Trust for benefit of Lisa Laura | ||
| Common Share $0.0001 Par Value | 02/25/2026 | G | 14,140(2) | D | $8.48 | 0 | D | |||
| Common Share $0.0001 Par Value | 02/25/2026 | A | 7,070 | A | $0 | 714,043 | I | Anthony Laura Irrevocable Trust for benefit of Anthony M Laura | ||
| Common Share $0.0001 Par Value | 02/25/2026 | A | 7,070 | A | $0 | 714,053 | I | Anthony Laura Irrevocable Trust for benefit of Lisa Laura | ||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. On February 28, 2025, the Reporting Person transferred 23,088 common shares to an irrevocable family trust having a disinterested trustee for the benefit of his children. |
| 2. On February 25, 2026, the Reporting Person transferred 14,140 common shares to an irrevocable family trust having a disinterested trustee for the benefit of his children. |
| Remarks: |
| The Reporting Person was a director of the Issuer on the transaction date but ceased serving as a director effective June 7, 2026. Accordingly, the Reporting Person is no longer a director as of the filing date of this Form 4. |
| /s/ Anthony Laura | 06/09/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 4: SEC 1474 (03-26) | ||