SWETS LARRY G JR 4

What Happened

• Larry G. Swets Jr, a director of Greenland Energy Company (GLND), made purchases on May 4, 2026. He acquired 50,000 common shares in an open-market purchase at $2.98 each for $149,000, and separately bought 50,000 derivative instruments (public warrants) in an open-market purchase at $1.00 each for $50,000. Both transactions are coded P (purchase), totaling about $199,000 cash outlay. Purchases are generally regarded as a more bullish signal than sales, though filings are factual and do not state motives.

Key Details

• Transaction date: 2026-05-04
• Purchases: 50,000 common shares @ $2.98 = $149,000; 50,000 public warrants (GLNDW) @ $1.00 = $50,000
• Total reported value: ~$199,000
• Transaction code: P = Purchase (open-market)
• Shares/warrants owned after transaction: Not specified in the filing
• Footnotes of note:
  • F1: Reporting person holds 375,000 warrants (exercisable at $15.00) issued in connection with the company’s business combination.
  • F2: The 50,000 derivative instruments purchased are public warrants (ticker GLNDW), each exercisable for one share at $11.50; these were acquired in an open market purchase.
• Timeliness: Filing covers the transaction date 2026-05-04 and was reported on 2026-05-04 (no late filing indicated).

Context

• The $1.00 purchases were for publicly traded warrants, not common shares; warrants give the holder the right to buy common stock later at the stated exercise price (here, $11.50 for the purchased public warrants).
• This filing documents purchases by a company director (not a 10% owner). Purchases can signal confidence but are not proof of future performance; investors should consider the company’s fundamentals and broader insider activity.