Christina Tan - Jun 16, 2025 Form 4 Insider Report for Pangaea Logistics Solutions Ltd. (PANL)

Role: Director
Signature: By: /s/ Christina Tan
Stock symbol: PANL
Transactions as of: Jun 16, 2025
Transactions value $: $0
Form type: 4
Date filed: 6/18/2025, 04:20 PM
Previous filing: Jun 5, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Tan Christina	Director	C/O PANGAEA LOGISTICS SOLUTIONS LTD, 109 LONG WHARF, NEWPORT	By: /s/ Christina Tan	2025-06-18	0001652806

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PANL	Common Shares, $0.0001 par value per share						23.1K	Jun 16, 2025	Direct
holding	PANL	Common Shares, $0.0001 par value per share						18.9M	Jun 16, 2025	By Company	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person owns a 24.5% minority non-controlling limited liability company interest in Strategic Investments LLC ("SIL"), which is the sole shareholder of Strategic Shipping Inc. ("Strategic"). Strategic owns the reported common shares of the Issuer (the "Common Shares") and as a result SIL may be deemed to beneficially own the Common Shares. The Reporting Person disclaims beneficial ownership of the Common Shares except to the extent of her pecuniary interest therein.
F2	On June 16, 2025, Strategic purchased an aggregate of 39,524 Common Shares in multiple transactions at prices ranging from $4.6235 and $4.6462 per Common Share, with an aggregate purchase price of approximately $180,000. 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.

Content

The Reporting Person owns a 24.5% minority non-controlling limited liability company interest in Strategic Investments LLC ("SIL"), which is the sole shareholder of Strategic Shipping Inc. ("Strategic"). Strategic owns the reported common shares of the Issuer (the "Common Shares") and as a result SIL may be deemed to beneficially own the Common Shares. The Reporting Person disclaims beneficial ownership of the Common Shares except to the extent of her pecuniary interest therein.

On June 16, 2025, Strategic purchased an aggregate of 39,524 Common Shares in multiple transactions at prices ranging from $4.6235 and $4.6462 per Common Share, with an aggregate purchase price of approximately $180,000. 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.