Director awarded 14,151 Pangaea (NASDAQ: PANL) shares in grant

Rhea-AI Filing Summary

Pangaea Logistics Solutions Ltd. director Laura Anthony reported acquiring 14,151 common shares as a grant or award. The shares were issued at a price of $8.48 per share under the company’s 2024 Share Incentive Plan. Following this equity award, her direct holdings total 37,228 common shares.

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

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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 FL 33496

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		A(1)	V	14,151	A	$8.48	37,228	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 shares were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated by the Board of Directors on May 7, 2024).

Remarks:

	/s/ Anthony Laura	02/20/2026
	** 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).
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FAQ

What insider transaction did Pangaea Logistics Solutions (PANL) report for Laura Anthony?

Pangaea Logistics Solutions reported that director Laura Anthony acquired 14,151 common shares through a grant or award. The shares were issued under the company’s 2024 Share Incentive Plan at a stated price of $8.48 per share, increasing her direct ownership stake.

How many Pangaea (PANL) shares did Laura Anthony receive and at what price?

Laura Anthony received 14,151 Pangaea common shares at a stated price of $8.48 per share. This equity award was recorded as a grant or other acquisition, rather than an open-market purchase, and was issued pursuant to the 2024 Share Incentive Plan.

What is Laura Anthony’s total PANL share ownership after this Form 4 transaction?

After the reported grant, Laura Anthony directly holds 37,228 Pangaea common shares. This total reflects the addition of 14,151 shares acquired through the equity award, as disclosed in the Form 4 insider transaction report for the director.

Was the Laura Anthony PANL share acquisition an open-market purchase?

No, the acquisition was not an open-market purchase. The 14,151 Pangaea common shares were issued to director Laura Anthony as a grant or award under the 2024 Share Incentive Plan, rather than being bought on the open market at prevailing trading prices.

Under which plan were the new PANL shares issued to Laura Anthony?

The new Pangaea shares were issued under the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan. The filing notes the plan was amended and restated by the Board of Directors on May 7, 2024, and the grant reflects that incentive framework.

What transaction code describes Laura Anthony’s PANL share award on the Form 4?

The Form 4 uses transaction code “A” for Laura Anthony’s share award, indicating a grant, award, or other acquisition. This code confirms the 14,151 Pangaea common shares were received through an equity incentive grant rather than a standard buy or sell trade.