DelSignore Gianni 4

What Happened

• Gianni DelSignore, Chief Financial Officer of Pangaea Logistics Solutions Ltd. (PANL), sold 23,779 shares of PANL common stock in open-market/private-sale transactions for a total of approximately $166,215. The weighted average sale price was $6.99 per share. The filing classifies the disposition as a sale (S) and notes the shares were sold to satisfy tax withholding on vested restricted stock units (RSUs).

Key Details

• Transaction dates: March 18 and March 19, 2026 (Period of Report: 2026-03-18); filing date: March 20, 2026.
• Prices: sales ranged from $6.96 to $7.05 per share; weighted average $6.99 (total value ≈ $166,215). Reporting person offers to provide the exact number of shares sold at each price upon request (see footnote).
• Reason: Footnote states shares were sold to satisfy tax withholding obligations related to RSU vesting (tax-withholding sale — code F).
• Shares owned after transaction: not specified in the information provided in this summary.
• Timeliness: filing dated March 20, 2026; no late-filing notation is indicated in the provided details.

Context

• These sales were tax-withholding dispositions tied to RSU vesting, a common and routine reason insiders sell shares; such sales do not necessarily signal a change in the insider’s view of the company.