Christina Tan - 19 Feb 2025 Form 4 Insider Report for Pangaea Logistics Solutions Ltd. (PANL)

Role: Director, 10%+ Owner
Signature: /s/ Christina Tan
Issuer symbol: PANL
Transactions as of: 19 Feb 2025
Net transactions value: +$120,000
Form type: 4
Filing time: 19 Feb 2025, 17:36:01 UTC
Previous filing: 24 Jan 2025
Next filing: 02 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PANL	Common Share $0.0001 Par Value	Award	$120,000	+23,077		$5.20	23,077	19 Feb 2025	Direct	F2
holding	PANL	Common Share $0.0001 Par Value						18,359,342	19 Feb 2025	By Company	F1

* 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	Restricted shares were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated by the Board of Directors on May 7, 2024).

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.

Restricted shares were issued pursuant to the Pangaea Logistics Solutions Ltd. 2024 Share Incentive Plan (as amended and restated by the Board of Directors on May 7, 2024).