Anthony Laura - Jun 22, 2021 Form 4 Insider Report for Pangaea Logistics Solutions Ltd. (PANL)

Role: Director
Signature: /s/ Anthony Laura
Stock symbol: PANL
Transactions as of: Jun 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/24/2021, 05:18 PM
Previous filing: May 12, 2021
Next filing: Feb 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PANL	Common Share $0.0001 Par Value	Gift	$0	-1.27M	-100%	$0.00^*	0	Jun 22, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The reporting person transferred 1,269,656 shares to two irrevocable trusts (the "Trusts"), over which the reporting person exercises no investment discretion and retains no beneficial ownership. Although common shares held by the Trusts were previously reported on the reporting person's Form 4 filings, the reporting person has determined that it does not beneficially own any of the common shares, within the meaning of Rule 16a-1 under the Exchange Act, held by the Trusts, and such common shares will no longer be reported on the reporting person's Form 4 filings related to the Issuer.

Content

The reporting person transferred 1,269,656 shares to two irrevocable trusts (the "Trusts"), over which the reporting person exercises no investment discretion and retains no beneficial ownership. Although common shares held by the Trusts were previously reported on the reporting person's Form 4 filings, the reporting person has determined that it does not beneficially own any of the common shares, within the meaning of Rule 16a-1 under the Exchange Act, held by the Trusts, and such common shares will no longer be reported on the reporting person's Form 4 filings related to the Issuer.