PAMT (PAMT) 10% Owner Matthew Moroun Transfers 3.268M Shares

What Happened

• Matthew T. Moroun, a reported 10% owner of PAMT CORP (PAMT), effected a private, related-party transfer on Sept 3, 2026 involving 3,268,000 shares of PAMT common stock at $9.55 per share (total value $31,225,740). The Form 4 shows both a sale (S) and a purchase (P) for the same amount—reflecting the shares moving from the Moroun Grantor Trust to the 2020 Lindsay Moroun Trust. This is a transfer between trusts controlled by the reporting person rather than an open-market sale to an unrelated party.

Key Details

• Transaction date: 2026-09-03; price: $9.55/share; total value: $31,225,740.
• Reported as both a disposition and an acquisition (S and P) to record the intra-family/private transfer.
• Footnote: The reporting person sold the shares individually to the 2020 Lindsay Moroun Trust in a privately negotiated transaction; the reporting person is trustee of both the 2020 Lindsay Moroun Trust and the Moroun Grantor Trust. As of this report, the Moroun Grantor Trust no longer beneficially owns any PAMT shares.
• Footnote: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Filing timeliness: Transaction on 2026-09-03; Form 4 filed 2026-09-08 (filed 5 days after the transaction), which is later than the typical 2-business-day filing window (reported as late).

Context

• As a 10% owner, this transfer is an ownership restructuring between trusts the reporting person controls (likely estate or trust planning) and not a market sale to third parties — such transfers generally do not convey a buy/sell signal about management’s view of the stock.
• No options were exercised and no open-market trading to unrelated parties was reported; therefore this filing documents a private reallocation of ownership rather than a change in net economic exposure disclosed beyond the trusts.