Greenland Energy director buys 20,000 shares
Greenland Energy Co director Larry G. Swets Jr. purchased 20,000 shares of common stock in an open-market transaction at a weighted average price of $2.6576 per share.
Rhea-AI Filing Summary
Greenland Energy Co director Larry G. Swets Jr. purchased 20,000 shares of common stock in an open-market transaction at a weighted average price of $2.6576 per share. Following this trade, he directly owns 545,000 common shares.
He also directly holds public warrants exercisable at $5.00 per share for 175,000 shares of common stock expiring on April 29, 2031, and additional warrants exercisable at $15.00 per share for 375,000 shares expiring on March 25, 2036. The public warrants were acquired in open market purchases, and the higher‑strike warrants were issued in connection with the issuer’s business combination.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
3 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
20,000 shs ($53K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 20,000 | $2.6576 | $53K |
| holding | Warrants | -- | -- | -- |
| holding | Public Warrants | -- | -- | -- |
Holdings After Transaction:
Common Stock — 545,000 shares (Direct);
Warrants — 375,000 contracts (Direct);
Public Warrants — 175,000 contracts (Direct)
Footnotes (3)
- 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.
- F3. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.61 to $2.69, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Key Figures
Open-market purchase: 20,000 shares
Purchase price: $2.6576/share
Common shares owned: 545,000 shares
+4 more
7 metrics
Open-market purchase
20,000 shares
Common stock bought on May 21, 2026
Purchase price
$2.6576/share
Weighted average price for 20,000 shares
Common shares owned
545,000 shares
Total direct common stock after transaction
Public warrant exercise price
$5.00/share
Public warrants for 175,000 underlying shares, expiring April 29, 2031
Public warrant underlying shares
175,000 shares
Common stock issuable upon exercise at $5.00
Business combination warrants price
$15.00/share
Warrants for 375,000 underlying shares, expiring March 25, 2036
Business combination warrants underlying
375,000 shares
Common stock issuable upon exercise at $15.00
Key Terms
Public Warrants, weighted average price, open market purchases, business combination
4 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.
weighted average price financial
"The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.61 to $2.69, inclusive."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market purchases financial
"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."
Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.
business combination financial
"These warrants were issued to the Reporting Person in connection with the business combination consummated by the Issuer, March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation."
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
What insider transaction did Greenland Energy (GLND) disclose on this Form 4?
Greenland Energy disclosed that director Larry G. Swets Jr. bought 20,000 common shares. The open‑market purchase was at a weighted average price of $2.6576 per share, increasing his direct holdings to 545,000 common shares after the transaction.
What warrant holdings tied to Greenland Energy (GLND) stock does the director report?
The director reports public warrants exercisable at $5.00 per share for 175,000 underlying common shares, expiring April 29, 2031. He also holds additional warrants at an exercise price of $15.00 per share for 375,000 underlying shares, expiring March 25, 2036.
How were the Greenland Energy (GLND) warrants acquired, according to the footnotes?
Footnotes state the $15.00 exercise‑price warrants were issued in connection with Greenland Energy’s business combination transactions. The public warrants, trading under ticker GLNDW, were acquired by the reporting person through open market purchases, each exercisable for one share of common stock.
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