PANL: 10% Owner Buys 39,524 Shares at $4.63 – Insider Confidence

Form 4 overview: Strategic Shipping Inc., identified as a 10% beneficial owner of Pangaea Logistics Solutions Ltd. (PANL), reported an open-market purchase on 16 June 2025.

Rhea-AI Filing Summary

Form 4 overview: Strategic Shipping Inc., identified as a 10% beneficial owner of Pangaea Logistics Solutions Ltd. (PANL), reported an open-market purchase on 16 June 2025.

• Transaction details: 39,524 common shares acquired at an average price of $4.63 (price range $4.6235–$4.6462), coded “P” for purchase.
• Post-transaction ownership: 18,870,317 PANL shares held directly by Strategic Shipping Inc.
• Reporting mechanics: Filing signed 18 June 2025 by CFO Constantine Tsoutsoplides; no derivative securities reported.

Investor relevance: The additional purchase marginally increases an already substantial stake, signalling continued confidence from a principal shareholder. While the share count added is modest (≈0.2% of existing position), insider buying—especially by a large holder—tends to be interpreted as a positive sentiment indicator. No sales, amendments, or derivative exercises were disclosed, and there are no financial performance metrics in this filing. Investors may view the activity as incremental support, but its limited size means immediate valuation impact is likely small.

Positive

• Insider confidence: A 10% owner increased its position, which investors often view as a bullish signal.

Negative

• None.

Insights

Equity Analyst

TL;DR: 10% owner adds 39.5k PANL shares; modest size but positive insider signal.

Insider purchases by major holders typically align with bullish expectations. Strategic Shipping Inc. lifted its direct stake to roughly 18.87 million shares, buying at a narrow band around $4.63. The acquisition represents roughly 0.09% of PANL’s 44 million basic shares outstanding (latest 10-K), so dilution is negligible. Although the dollar value is only ~$183k, timing near recent trading levels suggests no opportunistic discounting. With dry-bulk freight rates firming, this buy reinforces market perception that management-aligned insiders believe in medium-term upside. However, lack of multiple insiders participating tempers enthusiasm. Overall, directionally positive but not game-changing.

Insider Trade Summary

Net Buyer: 39,524 shares

Net Buy 1 txn

Insider Strategic Shipping Inc.

Role 10% Owner

Bought 39,524 shs ($183K)

Type	Security	Shares	Price	Value
Purchase	Common Shares, $0.0001 par value per share	39,524	$4.63	$183K

Holdings After Transaction: Common Shares, $0.0001 par value per share — 18,870,317 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is an average price. These common shares were purchased in multiple transactions at prices ranging from $4.6235 to $4.6462 per share. The Reporting Person undertakes to provide Pangaea Logistics Solutions Ltd., any security holder of Pangaea Logistics Solutions Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein.

FAQ

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

How many PANL shares did Strategic Shipping Inc. purchase?

39,524 common shares were bought on 16 June 2025.

At what average price were the shares acquired?

The average purchase price disclosed was $4.63 per share.

What is Strategic Shipping Inc.’s total PANL ownership after the transaction?

The reporting person now holds 18,870,317 shares of PANL.

Was the transaction a purchase or sale?

It was coded “P” for purchase; no sales were reported.

Does the Form 4 include any derivative securities activity?

No, no derivative securities were reported in Table II.

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

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Accepted by SEC EDGAR 06/18/2025 - 04:31 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

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^*

Strategic Shipping Inc.

(Last) (First) (Middle)

2960 POST ROAD

C/O M.T. MARITIME MANAGEMENT (USA) LLC

(Street)

SOUTHPORT CT 06890

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

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

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 Shares, $0.0001 par value per share	06/16/2025		P		39,524	A	$4.63(1)	18,870,317	D

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. The price reported in Column 4 is an average price. These common shares were purchased in multiple transactions at prices ranging from $4.6235 to $4.6462 per share. The Reporting Person undertakes to provide Pangaea Logistics Solutions Ltd., any security holder of Pangaea Logistics Solutions Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein.

	By: /s/ Constantine Tsoutsoplides, Chief Financial Officer	06/18/2025
	** 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.