Pangaea director shifts PANL stake into family trusts

Director Laura Anthony of Pangaea Logistics Solutions Ltd. reported a series of non-market transactions in common shares.

Rhea-AI Filing Summary

Director Laura Anthony of Pangaea Logistics Solutions Ltd. reported a series of non-market transactions in common shares. On February 25, 2026, she made a bona fide gift of 14,140 common shares, and irrevocable family trusts for her children each received 7,070 shares as awards. Similar transactions occurred on February 28, 2025, when she gifted 23,088 shares and the same trusts each received 11,544 shares. After these transfers, her direct holdings in the reported shares fell to zero, while substantial indirect holdings are shown through the irrevocable family trusts.

Insider Trade Summary

37,228 shares gifted

Gift 6 txns

Insider Laura Anthony

Role Director

Type	Security	Shares	Price	Value
Gift	Common Share $0.0001 Par Value	14,140	$8.48	$120K
Grant/Award	Common Share $0.0001 Par Value	7,070	$0.00	$0.00
Grant/Award	Common Share $0.0001 Par Value	7,070	$0.00	$0.00
Gift	Common Share $0.0001 Par Value	23,088	$5.20	$120K
Grant/Award	Common Share $0.0001 Par Value	11,544	$0.00	$0.00
Grant/Award	Common Share $0.0001 Par Value	11,544	$0.00	$0.00

Holdings After Transaction: Common Share $0.0001 Par Value — 0 shares (Direct); Common Share $0.0001 Par Value — 714,043 shares (Indirect, Anthony Laura Irrevocable Trust for benefit of Anthony M Laura); Common Share $0.0001 Par Value — 714,053 shares (Indirect, Anthony Laura Irrevocable Trust for benefit of Lisa Laura)

Footnotes (2)

1. F1. On February 28, 2025, the Reporting Person transferred 23,088 common shares to an irrevocable family trust having a disinterested trustee for the benefit of his children.
2. F2. On February 25, 2026, the Reporting Person transferred 14,140 common shares to an irrevocable family trust having a disinterested trustee for the benefit of his children.

Key Figures

2025 gift: 23,088 shares at $5.20 2026 gift: 14,140 shares at $8.48 2025 trust awards: 11,544 shares each +5 more

8 metrics

2025 gift 23,088 shares at $5.20 Bona fide gift on February 28, 2025

2026 gift 14,140 shares at $8.48 Bona fide gift on February 25, 2026

2025 trust awards 11,544 shares each Awards to two irrevocable family trusts on February 28, 2025

2026 trust awards 7,070 shares each Awards to two irrevocable family trusts on February 25, 2026

Indirect holdings trust 1 714,053 shares Total shares following 2026 transaction, Lisa Laura trust

Indirect holdings trust 2 714,043 shares Total shares following 2026 transaction, Anthony M Laura trust

Total gifted shares 37,228 shares Gift transfers coded G across 2025 and 2026

Direct holdings after 2026 0 shares Total shares following February 25, 2026 gift

Key Terms

bona fide gift, irrevocable family trust, disinterested trustee, non-derivative, +1 more

5 terms

bona fide gift financial

"transaction_code_description: "Bona fide gift" for G-coded entries"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

irrevocable family trust financial

"transferred common shares to an irrevocable family trust having a disinterested trustee"

disinterested trustee financial

"irrevocable family trust having a disinterested trustee for the benefit of his children"

non-derivative financial

"transaction_type: "non-derivative" for all reported common share entries"

indirect ownership financial

"ownership_type: "indirect" for shares held through the Anthony Laura irrevocable trusts"

FAQ

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

What insider transactions did PANL director Laura Anthony report on this Form 4?

Laura Anthony reported non-market transactions in Pangaea Logistics Solutions common shares, including bona fide gifts and share awards to irrevocable family trusts for her children. These entries reflect estate and trust planning rather than open-market purchases or sales of the company’s stock.

How many Pangaea Logistics (PANL) shares did Laura Anthony gift?

She reported gifting 23,088 common shares on February 28, 2025 and 14,140 common shares on February 25, 2026. Both are coded as bona fide gifts, meaning the transfers were gratuitous and not executed as market sales for cash proceeds on an exchange.

What role do the irrevocable family trusts play in this PANL Form 4?

Irrevocable family trusts for the benefit of Laura Anthony’s children received multiple share awards. Each trust was credited with 11,544 shares in 2025 and 7,070 shares in 2026, showing that a significant portion of her Pangaea Logistics economic interest is now held indirectly through these trust structures.

Did Laura Anthony buy or sell PANL shares on the open market?

The filing shows no open-market buys or sells. Transactions are coded as A (grant, award, or other acquisition) and G (bona fide gift). These codes indicate transfers and awards, not purchases or sales executed through normal trading on a stock exchange.

What are Laura Anthony’s holdings in PANL after these transactions?

After the February 2026 gift, her direct holdings in the reported common shares are listed as zero. However, the Form 4 shows large indirect positions held through two irrevocable family trusts, each with more than 700,000 shares following the most recent award transactions reported.

Do the reported PANL gifts affect company ownership structure significantly?

The Form 4 indicates that the transactions mainly reallocated Laura Anthony’s Pangaea Logistics interest from direct ownership to irrevocable family trusts. This changes how her holdings are structured but does not introduce new shares into the market or represent insider selling activity.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/09/2026 - 09:28 PM Learn about SEC filing dates

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^*

Laura Anthony

(Last) (First) (Middle)

2420 NW 53RD STREET

(Street)

BOCA RATON FLORIDA 33496

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2025

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

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

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

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	02/28/2025		G	V	23,088(1)	D	$5.2	14,140	D
Common Share $0.0001 Par Value	02/28/2025		A		11,544	A	$0	706,973	I	Anthony Laura Irrevocable Trust for benefit of Anthony M Laura
Common Share $0.0001 Par Value	02/28/2025		A		11,544	A	$0	706,983	I	Anthony Laura Irrevocable Trust for benefit of Lisa Laura
Common Share $0.0001 Par Value	02/25/2026		G		14,140(2)	D	$8.48	0	D
Common Share $0.0001 Par Value	02/25/2026		A		7,070	A	$0	714,043	I	Anthony Laura Irrevocable Trust for benefit of Anthony M Laura
Common Share $0.0001 Par Value	02/25/2026		A		7,070	A	$0	714,053	I	Anthony Laura Irrevocable Trust for benefit of Lisa Laura

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. On February 28, 2025, the Reporting Person transferred 23,088 common shares to an irrevocable family trust having a disinterested trustee for the benefit of his children.

2. On February 25, 2026, the Reporting Person transferred 14,140 common shares to an irrevocable family trust having a disinterested trustee for the benefit of his children.

Remarks:

The Reporting Person was a director of the Issuer on the transaction date but ceased serving as a director effective June 7, 2026. Accordingly, the Reporting Person is no longer a director as of the filing date of this Form 4.

	/s/ Anthony Laura	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)