Pangaea director sells 100,000 PANL shares

Pangaea Logistics Solutions Ltd. director Eric Rosenfeld reported an open-market sale of common shares.

Rhea-AI Filing Summary

Pangaea Logistics Solutions Ltd. director Eric Rosenfeld reported an open-market sale of common shares. He sold 100,000 Common Shares on May 26, 2026 at a weighted average price of $8.37 per share, with individual trades executed between $8.34 and $8.40 according to the footnote. After this transaction, he directly holds 536,845 Common Shares, indicating he retained a substantial equity position in the company.

Insights

Equity ownership analyst

Director executes routine open-market sale while retaining significant PANL stake.

Director Eric Rosenfeld sold 100,000 Pangaea Logistics Solutions common shares in an open-market transaction at a weighted average price of $8.37. Trades occurred within a narrow band from $8.34 to $8.40, suggesting orderly execution.

Following the sale, Rosenfeld directly owns 536,845 shares, which is a sizeable remaining position. With no derivative positions shown and no mention of a trading plan in the footnote, this appears as a straightforward portfolio-liquidity event rather than a structural change in his exposure.

Insider Trade Summary

Net Seller: 100,000 shares

Net Sell 2 txns

Insider ROSENFELD ERIC

Role Director

Sold 100,000 shs ($837K)

Type	Security	Shares	Price	Value
Sale	Common Share $0.0001 Par Value	100,000	$8.37	$837K
holding	Common Share $0.0001 Par Value	--	--	--

Holdings After Transaction: Common Share $0.0001 Par Value — 1,173,690 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.34 to $8.40, inclusive. The reporting person undertakes to provide to the SEC staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Key Figures

Shares sold: 100,000 shares Weighted average sale price: $8.37 per share Sale price range: $8.34–$8.40 per share +1 more

4 metrics

Shares sold 100,000 shares Open-market sale on May 26, 2026

Weighted average sale price $8.37 per share Common Share $0.0001 Par Value

Sale price range $8.34–$8.40 per share Multiple transactions within this range

Shares owned after transaction 536,845 shares Total direct holdings following sale

Key Terms

open-market sale, weighted average price, Form 4, Common Share $0.0001 Par Value

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"The price reported ... is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Common Share $0.0001 Par Value financial

"security_title: "Common Share $0.0001 Par Value""

FAQ

How many PANL shares did Eric Rosenfeld sell in this Form 4 filing?

Eric Rosenfeld sold 100,000 common shares of Pangaea Logistics Solutions Ltd. The transaction was reported as an open-market sale at a weighted average price of $8.37 per share, based on multiple trades within a narrow price range.

What price did Eric Rosenfeld receive for his PANL share sale?

He received a weighted average price of $8.37 per share. The filing states the shares were sold in multiple transactions at prices ranging from $8.34 to $8.40, with the weighted average reported in the main transaction line.

How many PANL shares does Eric Rosenfeld own after the reported sale?

After the reported sale, Eric Rosenfeld directly owns 536,845 common shares of Pangaea Logistics Solutions Ltd. This figure is disclosed as his total direct holdings following the open-market sale transaction on May 26, 2026.

Was Eric Rosenfeld’s PANL transaction an open-market sale or a private trade?

The transaction is described as an open-market sale or private transaction, with the code indicating a sale in open market or private form. The weighted average pricing and narrow price band suggest typical open-market execution.

Does the PANL Form 4 mention a Rule 10b5-1 trading plan for this sale?

The footnote for this Form 4 focuses on the weighted average sale price and price range from $8.34 to $8.40. It does not state that the trades were executed under a Rule 10b5-1 trading plan or other pre-arranged program.

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

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Accepted by SEC EDGAR 05/27/2026 - 04:45 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^*

ROSENFELD ERIC

(Last) (First) (Middle)

777 3RD AVENUE

37TH FLOOR

(Street)

NEW YORK NEW YORK 10017

(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)
05/26/2026

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								636,845	D
Common Share $0.0001 Par Value	05/26/2026		S		100,000	D	$8.37(1)	536,845	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 a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.34 to $8.40, inclusive. The reporting person undertakes to provide to the SEC staff, the issuer, or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Remarks:

	/s/ Eric Rosenfeld	05/27/2026
	** 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)