Maureen Maze as Trustee Reports 3,151,988 PANL Shares (PANL)

Rhea-AI Filing Summary

Pangaea Logistics Solutions Ltd. filed an Amendment No. 1 to Schedule 13G/A reporting that Maureen Maze, as sole trustee of three family trusts, beneficially owns 3,151,988 shares of Common Stock, equal to 4.83% of the class. The percentage is based on 65,318,647 shares outstanding as of March 13, 2026, per the issuer's Form 10-K for the fiscal year ended December 31, 2025. The filing states Ms. Maze has sole voting and dispositive power over the shares held by the Edward & Julia Coll Trusts for Andrew, James and Aidan Coll.

Insights

Securities Filings Analyst

Beneficial ownership disclosure by trustee; routine reporting.

The filing amends a prior Schedule 13G/A to show 3,151,988 shares (4.83%) beneficially owned by a reporting person acting as sole trustee for three named trusts. The percentage is explicitly tied to March 13, 2026 outstanding shares.

Materiality is limited: ownership is below 5% and the filing describes voting and dispositive power rather than an acquisition or disposition. Subsequent filings would show any changes in holdings.

Corporate Governance Advisor

Trust-based holdings clarify control and disclosure.

The statement attributes sole voting and dispositive power to Maureen Maze over trust-held shares: 889,368, 782,540, and 1,480,080 shares respectively for three trusts. This clarifies beneficial ownership attribution under Schedule 13G/A rules.

Investors can treat these holdings as held by trusts with a single trustee; any material change would require an updated filing.

Key Figures

Shares beneficially owned: 3,151,988 shares Percent of class: 4.83% Shares outstanding: 65,318,647 shares +3 more

6 metrics

Shares beneficially owned 3,151,988 shares reported beneficial ownership in Schedule 13G/A

Percent of class 4.83% based on 65,318,647 shares outstanding as of March 13, 2026

Shares outstanding 65,318,647 shares as of <date>March 13, 2026</date> per Form 10-K

Andrew Coll Trust holding 889,368 shares held by Edward & Julia Coll Trust fbo Andrew Coll

James Coll Trust holding 782,540 shares held by Edward & Julia Coll Trust fbo James Coll

Aidan Coll Trust holding 1,480,080 shares held by Edward & Julie Coll Trust fbo Aidan Coll

Key Terms

Schedule 13G/A, Beneficially owned, Sole dispositive power, Trust (fbo)

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"Amount beneficially owned: 3,151,988"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Sole Dispositive Power 3,151,988.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Trust (fbo) legal

"Edward & Julia Coll Trust fbo Andrew Coll"

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Available on EDGAR 05/28/2026 - 04:10 PM Accepted by SEC EDGAR 05/28/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What stake does Maureen Maze report in PANL?

Ms. Maze reports beneficial ownership of 3,151,988 shares, representing 4.83% of PANL's common stock. The percentage is calculated using 65,318,647 shares outstanding as of March 13, 2026, per the company's Form 10-K.

Why does Maureen Maze report these shares on Schedule 13G/A for PANL?

She files the amendment as the reporting person because she serves as sole trustee and has sole voting and dispositive power over shares held by three family trusts. The filing attributes trust-held shares to her under beneficial-ownership rules.

Which trusts hold the PANL shares reported by Maze?

The filing states the shares are held by the Edward & Julia Coll Trust fbo Andrew Coll (889,368), the Edward & Julia Coll Trust fbo James Coll (782,540), and the Edward & Julie Coll Trust fbo Aidan Coll (1,480,080), collectively totaling the reported position.

Is the reported PANL ownership material under SEC thresholds?

No; the reported 4.83% stake is below the 5% reporting threshold that often signals significant passive ownership. The filing is a routine disclosure of beneficial ownership under Schedule 13G/A rules.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Pangaea Logistics Solutions Ltd.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

G6891L105

(CUSIP Number)

03/16/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G6891L105

1

Names of Reporting Persons

Maureen Maze

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,151,988.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,151,988.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,151,988.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.83 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Please refer to Items 5, 7 and 9 on the cover sheet for the reporting person. Includes 889,368 shares of Common Stock owned by the Edward & Julia Coll Trust fbo Andrew Coll (the "Andrew Coll Trust"), 782,540 shares of Common Stock owned by the Edward & Julia Coll Trust fbo James Coll (the "James Coll Trust"), and 1,480,080 shares of Common Stock owned by the Edward & Julie Coll Trust fbo Aidan Coll (the "Aidan Coll Trust" and, together with the Andrew Coll Trust and the James Coll Trust, the "Trusts"). Ms. Maze serves as the sole trustee for each of the Trusts and has sole voting and dispositive power with respect to the Common Stock owned by the Trusts. Please refer to Item 11 on the cover sheet for the reporting person.The aggregate percentage of class of Pangaea Logistics Solutions Ltd.'s (the "Issuer's") Common Stock, par value $0.0001 per share (the "Common Stock"), reported herein is based upon 65,318,647 shares of Common Stock outstanding as of March 13, 2026, as reported in the Issuer's report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission on March 16, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pangaea Logistics Solutions Ltd.
(b)	Address of issuer's principal executive offices: 109 Long Wharf, Newport, Rhode Island 02840
Item 2.
(a)	Name of person filing: This statement is being filed on behalf of Maureen Maze, a United States citizen (the "Reporting Person")
(b)	Address or principal business office or, if none, residence: The Reporting Person's business address is: c/o Rockland Trust, 58 Main Street Franklin, MA 02038 Attention: Mary Friel
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock, par value $0.0001 per share
(e)	CUSIP No.: G6891L105
Item 4.	Ownership
(a)	Amount beneficially owned: 3,151,988
(b)	Percent of class: 4.83% - The number reported for "Percent of class" is based on 65, 318,647 shares of Common Stock of the Issuer outstanding as of March 13, 2026, as reported in the Issuer's report on Form 10-K for the fiscal year ended December 31, 2025 filed with the Securities and Exchange Commission on March 16, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,151,988 - Shares over which Ms. Maze had sole and shared voting and dispositive power consist soley of shares held by the Trusts, of which she is sole trustee.
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,151,988 - Shares over which Ms. Maze had sole and shared voting and dispositive power consist soley of shares held by the Trusts, of which she is sole trustee.
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Maureen Maze

Signature:	/s/Maureen Maze
Name/Title:	Maureen Maze/Trustee
Date:	05/28/2026