Pangaea Logistics (NASDAQ: PANL) vests 65,906 RSU shares

Rhea-AI Filing Summary

Pangaea Logistics Solutions Ltd. issued 65,906 common shares upon vesting of restricted stock units. The RSUs vested on 03/16/2026 and were delivered with no cash consideration under the company’s equity incentive plan. The filing records the issuance and the related Rule 144 notice context.

Insights

Compensation & Equity Plan Analyst

Vesting of RSUs resulted in 65,906 shares issued on 03/16/2026.

The filing documents the delivery of 65,906 common shares upon RSU vesting under the equity incentive plan, with no cash consideration. This is a routine compensation-related issuance rather than a market sale.

Cash-flow treatment and subsequent selling intentions are not shown in the excerpt; subsequent filings would disclose any resale activity under applicable transfer restrictions and Rule 144 timing.

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	Morgan Stanley Capital Management, LLC 1 New York Plaza New York NY 10004	23779	165026.26	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.			65906	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 filing?

The filing records the issuance of 65,906 common shares upon RSU vesting on 03/16/2026. It states the shares were issued under the equity incentive plan with no cash consideration.

Did Pangaea Logistics receive cash for the 65,906 shares?

No. The excerpt states the shares were issued upon RSU vesting with no cash consideration. This reflects compensation issuance rather than a cash sale by the company.

Does the Form 144 show these shares were sold on the market?

No. The filing describes issuance from RSU vesting, not an open-market sale. Any subsequent resale or sale timing under Rule 144 is not disclosed in the provided excerpt.

When did the RSUs vest and become issued to recipients?

The RSUs vested and the company issued 65,906 common shares on 03/16/2026, as stated in the filing's securities-to-be-sold / vesting line.