Pangaea Logistics (NASDAQ: PANL) Mark Filanowski exit report

Rhea-AI Filing Summary

Pangaea Logistics Solutions Ltd. filed an exit Form 4 for former officer and director Mark L. Filanowski. The filing states he is no longer an executive officer or director of the company and no longer beneficially owns 10% or more of any class of its securities.

Following the reported status change on 01/05/2026, Filanowski is shown as directly holding 500,679 common shares. He also has indirect beneficial ownership of additional common shares held in the names of Steven Filanowski (32,250 shares), Helen Filanowski (32,757 shares), and his wife Monica McNally (2,000 shares).

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider FILANOWSKI MARK L

Role Insider

Type	Security	Shares	Price	Value
holding	Common Share $0.0001 Par Value	--	--	--
holding	Common Share $0.0001 Par Value	--	--	--
holding	Common Share $0.0001 Par Value	--	--	--
holding	Common Share $0.0001 Par Value	--	--	--

Holdings After Transaction: Common Share $0.0001 Par Value — 500,679 shares (Direct); Common Share $0.0001 Par Value — 32,250 shares (Indirect, Steven Filanowski)

Footnotes (1)

1. This Form 4 constitutes an exit filing for the Reporting Person, as the Reporting Person is no longer an executive officer or director of the Issuer and does not beneficially own 10% or more of any securities of the Issuer. Monica McNally is the reporting person's wife.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FILANOWSKI MARK L

(Last) (First) (Middle)

71 ARROWHEAD WAY

(Street)

DARIEN CT 06820-5507

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pangaea Logistics Solutions Ltd. [ PANL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Former Officer and Director

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Share $0.0001 Par Value(1)								500,679	D
Common Share $0.0001 Par Value								32,250	I	Steven Filanowski
Common Share $0.0001 Par Value								32,757	I	Helen Filanowski
Common Share $0.0001 Par Value								2,000	I	Monica McNally(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This Form 4 constitutes an exit filing for the Reporting Person, as the Reporting Person is no longer an executive officer or director of the Issuer and does not beneficially own 10% or more of any securities of the Issuer.

2. Monica McNally is the reporting person's wife.

Remarks:

	/s/ Mark Filanowski	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the latest Form 4 for PANL show about Mark Filanowski?

The Form 4 shows that Mark L. Filanowski has filed an exit report, indicating he is no longer an executive officer or director of Pangaea Logistics Solutions Ltd. (PANL) and no longer beneficially owns 10% or more of any class of its securities.

How many PANL shares does Mark Filanowski directly own after this filing?

After the reported change as of 01/05/2026, Mark L. Filanowski is listed as directly owning 500,679 common shares of Pangaea Logistics Solutions Ltd.

What indirect PANL share holdings are associated with Mark Filanowski?

The filing lists indirect beneficial ownership for Mark L. Filanowski in common shares held by Steven Filanowski (32,250 shares), Helen Filanowski (32,757 shares), and his wife Monica McNally (2,000 shares).

Were there any new share purchases or sales by Mark Filanowski in this PANL Form 4?

The Form 4 is presented as an exit filing and only reports beneficial holdings and roles; no specific transaction codes or new acquisitions or dispositions are shown in the provided excerpt.

What is Mark Filanowski’s current relationship to Pangaea Logistics Solutions Ltd.?

The filing describes Mark L. Filanowski’s relationship to Pangaea Logistics Solutions Ltd. as "Former Officer and Director", confirming he no longer serves in those roles.

How is Monica McNally related to the reporting person in the PANL Form 4?

A footnote explains that Monica McNally is the reporting person’s wife, and the filing attributes 2,000 common shares to her as indirectly beneficially owned by Mark L. Filanowski.