Pangaea Logistics (NASDAQ: PANL) vests 54,741 RSUs into common shares

Rhea-AI Filing Summary

Pangaea Logistics Solutions Ltd. issued 54,741 common shares on 03/16/2026 upon vesting of restricted stock units under its equity incentive plan; there was No cash consideration. The entry lists these as common shares for NASDAQ-listed common stock.

Insights

Equity Compensation Analyst

RSU vesting issued 54,741 shares as compensation on 03/16/2026.

The filing records the vesting of 54,741 restricted stock units, resulting in issuance of common shares on 03/16/2026. The shares were issued under the company's equity incentive plan with No cash consideration.

These are routine compensation-related issuances; cash-flow treatment and any subsequent resale by recipients are not stated in the excerpt. Subsequent filings or broker reports would show if holders later sell shares.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common stock	Merrill Lynch 1499 Post Road 2nd Floor Fairfield CT 06824	19572	135829.68	65318647	03/19/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Shares	03/16/2026	Vesting of restricted stock units (RSUs) under the Company's equity incentive plan	Pangaea Logistics Solutions Ltd.			54741	03/16/2026	No cash consideration; shares issued pursuant to vesting of RSUs

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did Pangaea Logistics (PANL) report in this Form 144 entry?

Pangaea Logistics reported the issuance of 54,741 common shares on 03/16/2026 due to vesting of restricted stock units under its equity incentive plan. The shares were issued for No cash consideration.

Does the filing show any cash proceeds from the RSU issuance?

No; the filing states the shares were issued pursuant to RSU vesting for No cash consideration. There is no indication the issuer received cash from this issuance.

Are these shares immediately tradable on NASDAQ after issuance?

The excerpt lists the shares as NASDAQ common stock, but it does not state trading restrictions or resale timing. The filing does not specify whether the vested shares remain subject to lockups or resale conditions.

How many shares vested and when for PANL's equity plan?

54,741 shares vested on 03/16/2026 under the company's equity incentive plan and were issued to satisfy RSU vesting; the filing ties the issuance directly to vesting.

Does the Form 144 note any sales by the recipients in the past three months?

The excerpt includes a heading for securities sold during the past three months but provides no sale entries. It does not disclose any actual sales by the recipients in the provided text.