Greenland Energy director buys 25K GLND shares
Greenland Energy Co director Larry G. Swets Jr. reported an open-market purchase of 25,000 shares of Common Stock at $2.98 per share.
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Form Type
4/A
Rhea-AI Filing Summary
Greenland Energy Co director Larry G. Swets Jr. reported an open-market purchase of 25,000 shares of Common Stock at $2.98 per share. After this transaction, he directly holds 525,000 Common Stock shares.
He also reports derivative positions in Public Warrants exercisable at $5.00 per share for 175,000 underlying shares and additional Warrants exercisable at $15.00 per share for 375,000 underlying shares. These warrant holdings provide potential future rights to acquire additional Greenland Energy common shares at the stated exercise prices.
Insider Trade Summary
Net Buyer: 25,000 shares
Net Buy
3 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
25,000 shs ($75K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 25,000 | $2.98 | $75K |
| holding | Warrants | -- | -- | -- |
| holding | Public Warrants | -- | -- | -- |
Holdings After Transaction:
Common Stock — 525,000 shares (Direct);
Warrants — 375,000 contracts (Direct);
Public Warrants — 175,000 contracts (Direct)
Footnotes (2)
- F1. Comprised of warrants, each exercisable for one share of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer at an exercise price of $15.00 per share. These warrants were issued to the Reporting Person in connection with the business combination consummated by the Issuer (formerly Pelican Holdco, Inc.), March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation.
- F2. Comprised of public warrants (ticker: GLNDW), each exercisable for one share of Common Stock at an exercise price of $5.00 per share. These warrants were acquired in open market purchases.
Key Figures
Open-market purchase: 25,000 shares at $2.98
Common Stock held after transaction: 525,000 shares
Public Warrants underlying shares: 175,000 shares at $5.00
+3 more
6 metrics
Open-market purchase
25,000 shares at $2.98
Common Stock acquired by director on 2026-05-13
Common Stock held after transaction
525,000 shares
Director’s direct holdings following reported purchase
Public Warrants underlying shares
175,000 shares at $5.00
Public Warrants exercisable for Common Stock, direct holding
Additional Warrants underlying shares
375,000 shares at $15.00
Warrants issued in connection with business combination
Public Warrants expiration
2031-04-29
Expiration date of $5.00 Public Warrants
Warrants expiration
2036-03-25
Expiration date of $15.00 Warrants
Key Terms
Public Warrants, open-market purchase, exercise price, underlying security, +1 more
5 terms
Public Warrants financial
"Comprised of public warrants (ticker: GLNDW), each exercisable for one share of Common Stock at an exercise price of $5.00 per share."
Public warrants are tradable securities that give the holder the right to buy a company’s stock at a fixed price before a set expiration date. Like a coupon that lets you purchase shares later at a preset price, they matter to investors because using them can bring new cash into the company but also increase the total number of shares outstanding, which can dilute existing ownership and influence the stock’s price and potential gains.
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
exercise price financial
"each exercisable for one share of common stock ... at an exercise price of $15.00 per share."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
underlying security financial
"underlying_security_title: "Common Stock", underlying_security_shares: "175000.0000""
business combination financial
"These warrants were issued to the Reporting Person in connection with the business combination consummated by the Issuer ..."
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Greenland Energy (GLND) report in this Form 4/A?
Greenland Energy (GLND) reported that director Larry G. Swets Jr. bought 25,000 shares of Common Stock in an open-market purchase at $2.98 per share. Following this transaction, his direct Common Stock holdings increased to 525,000 shares.
What Public Warrants linked to Greenland Energy (GLND) does the director hold?
The director holds Public Warrants, each exercisable for one Greenland Energy (GLND) Common Stock share at a $5.00 exercise price. These Public Warrants cover 175,000 underlying shares and were acquired in open market purchases, according to the filing footnote.
What other Greenland Energy (GLND) Warrants are reported in this filing?
The filing shows the director holds additional Warrants exercisable for 375,000 Greenland Energy (GLND) Common Stock shares at a $15.00 exercise price. These Warrants were issued in connection with a business combination involving Greenland Energy’s predecessor entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
