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PAMT's Matthew Moroun sells 3.27M shares to trust

PAMT CORP (PAMT) is the subject of this Amendment No. 17 to a Schedule 13D, which updates the ownership structure of its common stock among entities associated with the Moroun family.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

PAMT CORP (PAMT) is the subject of this Amendment No. 17 to a Schedule 13D, which updates the ownership structure of its common stock among entities associated with the Moroun family. As of a base of 20,942,257 shares outstanding as of July 20, 2026, Matthew T. Moroun reports beneficial ownership of 16,007,907 shares of common stock, representing 76.4% of the class, largely through family trusts, while disclaiming beneficial ownership of 6,011 shares held by his son.

The 2020 Irrevocable Lindsay S. Moroun Trust reports beneficial ownership of 15,695,848 shares, or 74.9% of the class, and special trustee Frederick P. Calderone reports beneficial ownership of 16,012,532 shares, or 76.5%. On September 3, 2026, 3,268,000 shares beneficially owned by Matthew T. Moroun were sold to the 2020 Lindsay Moroun Trust for $31,226,000 at $9.555 per share, financed by an interest-bearing note payable in monthly installments through September 2, 2035, for ownership succession purposes. As a result, the Moroun Grantor Trust ceased to beneficially own more than 5.0% of PAMT CORP’s outstanding common stock.

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Filing Explained

Voting and investment authority are split among the reported holders, while the former Grantor Trust no longer reports an ownership stake.

The filing now reports the Moroun Grantor Trust at zero shares, while the 2020 Lindsay Moroun Trust, Frederick P. Calderone, and Matthew T. Moroun report 74.9%, 76.5%, and 76.4% beneficial ownership, respectively.

The filing separates voting power from dispositive power: Calderone has sole voting power over 16,012,532 shares, while Moroun has sole dispositive power over 16,001,896 shares and shared dispositive power over 6,011 shares. The reported authority is therefore divided between voting and investment-related powers rather than assigned identically to one reporting person.

The ownership percentages use 20,942,257 shares outstanding as of 2026-07-20, according to the company's latest quarterly report, making the percentages a dated ownership snapshot.

Shares outstanding 20,942,257 shares PAMT common stock outstanding as of July 20, 2026, used as ownership base
Matthew T. Moroun beneficial ownership 16,007,907 shares (76.4%) Beneficial ownership of PAMT common stock reported in Amendment No. 17
2020 Lindsay S. Moroun Trust beneficial ownership 15,695,848 shares (74.9%) Shares of PAMT common stock beneficially owned by the 2020 Lindsay Moroun Trust
Frederick P. Calderone beneficial ownership 16,012,532 shares (76.5%) Aggregate beneficial ownership of PAMT common stock reported by Frederick P. Calderone
Internal sale of PAMT shares 3,268,000 shares Shares sold by Matthew T. Moroun to the 2020 Lindsay Moroun Trust on September 3, 2026
Purchase price for internal share transfer $31,226,000 Total consideration for 3,268,000 PAMT shares at $9.555 per share on September 3, 2026
Per-share price for internal transfer $9.555 per share Price for PAMT shares sold to the 2020 Lindsay Moroun Trust, based on Nasdaq high–low average with block-trade discount
Promissory note term Monthly to September 2, 2035 Repayment schedule for $31,226,000 interest-bearing note from 2020 Lindsay Moroun Trust to Matthew T. Moroun
beneficially owned financial
"The aggregate number and percentage of the class of securities identified ... beneficially owned by each Reporting Person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
special trustee financial
"Frederick P. Calderone serves as special trustee of each of these trusts"
interest-bearing note financial
"The source of funds for the purchase of these shares ... was an interest-bearing note"
block-trade discount financial
"adjusted for an applicable block-trade discount"
Schedule 13D regulatory
"This Amendment No. 17 amends and supplements the statement on filed on January 15, 1997"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
promissory note financial
"issued an interest-bearing promissory note to Matthew T. Moroun for $31,226,000"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much of PAMT stock does Matthew T. Moroun beneficially own under this Schedule 13D/A?

Matthew T. Moroun reports beneficial ownership of 16,007,907 shares of PAMT common stock, representing 76.4% of the class, based on 20,942,257 shares outstanding as of July 20, 2026. This includes shares held through family trusts and 6,011 shares held by his son, which he disclaims as beneficially owned.

What transaction on September 3, 2026 is disclosed for PAMT (PAMT)?

On September 3, 2026, 3,268,000 shares of PAMT common stock beneficially owned by Matthew T. Moroun were sold to the 2020 Lindsay Moroun Trust for $31,226,000, or $9.555 per share. The price was based on Nasdaq high–low averages, adjusted for a block-trade discount, and financed by an interest-bearing note.

How much of PAMT does the 2020 Lindsay S. Moroun Trust own after this amendment?

The 2020 Irrevocable Lindsay S. Moroun Trust reports beneficial ownership of 15,695,848 shares of PAMT common stock, equal to 74.9% of the outstanding shares, with sole voting and sole dispositive power over those shares as stated in the filing.

What percentage of PAMT’s stock does Frederick P. Calderone report owning?

Frederick P. Calderone reports beneficial ownership of 16,012,532 shares of PAMT common stock, representing 76.5% of the class. This total consists of 10,636 shares held directly, plus shares held by the 2020 Lindsay Moroun Trust and the 2020 AAM Trust over which he has sole voting power as special trustee.

What happened to the Moroun Grantor Trust’s ownership of PAMT (PAMT)?

The Moroun Grantor Trust transferred 3,268,000 shares of PAMT common stock to Matthew T. Moroun on August 18, 2026. The filing states that the Moroun Grantor Trust ceased to be the beneficial owner of more than 5.0% of PAMT’s outstanding shares on that date.

What are the terms of the note used to finance the PAMT share purchase by the 2020 Lindsay Moroun Trust?

To finance the September 3, 2026 purchase of 3,268,000 PAMT shares, the 2020 Lindsay Moroun Trust issued an interest-bearing promissory note to Matthew T. Moroun for $31,226,000, payable in monthly installments through September 2, 2035, as disclosed under Item 6.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





693149106

(CUSIP Number)
Matthew T. Moroun
12225 STEPHENS ROAD,
WARREN, MI, 48089
(586) 939-7000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/03/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on 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).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
* Rows 8 and 10 consist of 6,011 shares of the Issuer's Common Stock owned by Matthew T. Moroun's son, Matthew J. Moroun. Neither the filing of this report nor any of its contents shall be deemed an admission that Matthew T. Moroun is the beneficial owner of such shares for purposes of Section 13(d) of the Act or for any other purpose. ** Row 9 consists of 15,695,848 shares of the Issuer's Common Stock beneficially owned by the 2020 Irrevocable Lindsay S. Moroun Trust dated November 24, 2020 ("2020 Lindsay Moroun Trust"), and 306,048 shares beneficially owned by the 2020 Irrevocable Agnes Anne Moroun Trust ("2020 AAM Trust"). Matthew T. Moroun serves as trustee of each of these two trusts. Sole voting power over the shares held by the 2020 Lindsay Moroun Trust and the 2020 AAM Trust is held by a special trustee, Frederick P. Calderone. *** Row 11 consists of 15,695,848 shares of the Issuer's Common Stock beneficially owned by the 2020 Lindsay Moroun Trust, 306,048 shares beneficially owned by the 2020 AAM Trust, and 6,011 shares owned by Matthew T. Moroun's son, Matthew J. Moroun. Neither the filing of this report nor any of its contents shall be deemed an admission that Matthew T. Moroun is the beneficial owner of the shares owned by Matthew J. Moroun for purposes of Section 13(d) of the Act or for any other purpose.


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
* Rows 7 and 11 consist of 10,636 shares of the Issuer's Common Stock owned directly by Frederick P. Calderone, individually, 15,695,848 shares beneficially owned by the 2020 Lindsay Moroun Trust, and 306,048 shares beneficially owned by the 2020 AAM Trust. Frederick P. Calderone serves as special trustee of each of these trusts with sole voting power over the shares held by each trust. Matthew T. Moroun serves as trustee of these trusts with sole investment power over the shares held by each trust.


SCHEDULE 13D


Matthew T. Moroun
Signature:/s/ Matthew T. Moroun
Name/Title:Matthew T. Moroun
Date:09/08/2026
Grantor Trust for Matthew T. Moroun and DuraRock Underwriters, Ltd.
Signature:/s/ Matthew T. Moroun
Name/Title:Matthew T. Moroun, Trustee
Date:09/08/2026
2020 Irrevocable Lindsay S. Moroun Trust, dated November 24, 2020
Signature:/s/ Matthew T. Moroun
Name/Title:Matthew T. Moroun, Trustee
Date:09/08/2026
Signature:/s/ Frederick P. Calderone
Name/Title:Frederick P. Calderone, Special Trustee
Date:09/08/2026
Frederick P. Calderone
Signature:/s/ Frederick P. Calderone
Name/Title:Frederick P. Calderone
Date:09/08/2026

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