Christina Tan - 20 Jan 2025 Form 3 Insider Report for Pangaea Logistics Solutions Ltd. (PANL)

Role
Director, 10%+ Owner
Signature
/s/ Christina Tan
Issuer symbol
PANL
Transactions as of
20 Jan 2025
Net transactions value
$0
Form type
3
Filing time
24 Jan 2025, 16:06:04 UTC
Previous filing
01 Apr 2024
Next filing
19 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PANL Common Share $0.0001 Par Value 0 20 Jan 2025 Direct F1
holding PANL Common Share $0.0001 Par Value 18,359,342 20 Jan 2025 By Company F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was appointed to the Issuer's Board of Directors effective as of January 20, 2025.
F2 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.

Remarks:

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 5(b)(v).