SWETS LARRY G JR 4

What Happened

• Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), acquired 50,000 derivative securities (warrants) on May 7, 2026. He paid $1.10 per warrant for a total cash outlay of $55,000. The transaction is reported as a purchase (code P) on the Form 4.

Key Details

• Transaction date and price: 2026-05-07 — 50,000 warrants at $1.10 each (total $55,000).
• Method: Reported as an open market or private purchase.
• Shares/units owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on the same date (no late filing indicated).
• Notable footnotes:
  • F2: The purchased instruments include public warrants (ticker GLNDW), each exercisable for one share of common stock at an exercise price of $5.00; these were acquired in open market purchases.
  • F1: Separately, the reporting person also holds warrants issued in connection with the issuer’s business combination, each exercisable for one share at a $15.00 exercise price.

Context

• These are warrants (derivative rights), not common stock: each warrant gives the holder the right to buy one share at the stated exercise price (e.g., $5.00 or $15.00), and does not represent ownership of common stock until exercised.
• The filing does not indicate any immediate exercise or sale of underlying shares. Purchases of derivatives can signal interest in potential future upside but do not by themselves change share ownership until exercised.