SWETS LARRY G JR 4

What Happened

• Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), acquired 25,000 public warrants (derivative securities) on May 11, 2026. The warrants were purchased in the open market at a weighted-average price of $1.11 each, for a total outlay of approximately $27,750. This transaction is reported as a purchase (code P).

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 12, 2026 (timely filing).
• Instrument purchased: Public warrants (ticker GLNDW) — each warrant exercisable for one share of common stock at $5.00 per share (see footnote F2).
• Quantity & price: 25,000 warrants at a weighted-average price of $1.11; purchases occurred at prices ranging from $1.07 to $1.12 (footnote F3).
• Total cost: ~$27,750.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Related footnotes: F1 notes the reporting person also holds other warrants issued in the company’s business combination (exercisable at $15.00). F2/F3 describe the public warrants purchased and the price range.

Context

• These were purchases of public warrants (derivative securities), not common stock. Each warrant gives the holder the right to buy one share at $5.00; warrants are out‑of‑the‑money unless the stock rises above that exercise price. Purchases of warrants can reflect a lower-cost, leveraged way to gain upside exposure, but do not by themselves change stock ownership until exercised. This filing is factual disclosure of insider activity and does not indicate the insider’s motivation.