Petersen Mads Rosenber Boye 4

What Happened

• Petersen Mads Rosenber Boye, Chief Executive Officer of Pangaea Logistics Solutions Ltd., reported an open-market sale of 19,572 common shares on March 18, 2026.
• The reported per-share sale price was $7.06, with a weighted average sales price of $7.063 (footnote F1), for aggregate proceeds of approximately $138,237.
• This was a sale (transaction code S). Sales are often routine liquidity events and do not by themselves indicate the insider’s view of the company’s prospects.

Key Details

• Transaction date: March 18, 2026.
• Price: reported $7.06 per share; weighted average $7.063 (see footnote F1).
• Shares sold: 19,572; proceeds ≈ $138,237.
• Shares owned after transaction: not specified in the information provided here (see the full Form 4 for beneficial ownership totals).
• Footnotes: F1 notes the weighted average sales price of $7.063 for the aggregate sale.
• Filing timeliness: the report is dated and filed for the same day (March 18, 2026); no late filing is indicated in the provided data.

Context

• This was a direct sale of common stock (not an option exercise, award, or gift). The filing shows disposition of shares rather than a derivative transaction.
• Retail investors should view insider sales as neutral information unless accompanied by other signals (repeated, large-volume sales or changes in ownership). For full details (post-transaction holdings, relationship to any 10b5-1 plan, or additional footnotes), consult the complete Form 4 filing (Accession: 0001628280-26-019451).