SWETS LARRY G JR 4/A
4/A · Greenland Energy Co · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Greenland Energy (GLND) Director Larry Swets Jr. Buys 25,000 Shares
What Happened
- Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), made an open-market purchase of 25,000 shares of common stock on 2026-05-13 at $2.98 per share, for a total cash outlay of $74,500. This filing is an amended Form 4, correcting or updating a prior report.
Key Details
- Transaction date and type: 2026-05-13 — Open market purchase (code P).
- Price and value: 25,000 shares @ $2.98 = $74,500.
- Shares owned after transaction: Not specified in this amended filing.
- Notable footnotes:
- F1: Reporting person holds warrants issued in connection with the company’s business combination; those warrants have a $15.00 exercise price.
- F2: Reporting person also holds public warrants (ticker GLNDW) exercisable at $5.00, acquired in open-market purchases.
- Timeliness: Filed on 2026-05-13 and marked as an amended Form 4 (no late-filing flag indicated).
Context
- This was a straightforward purchase of common stock (a bullish/ownership-increasing action), not an exercise of options or a gift. For retail investors, purchases by directors can signal confidence, but motives are not disclosed; treat this as one data point among many when evaluating the company.
Insider Transaction Report
Form 4/AAmended
SWETS LARRY G JR
Director
Transactions
- Purchase
Common Stock
2026-05-13$2.98/sh+25,000$74,500→ 525,000 total
Holdings
- 375,000
Warrants
[F1]Exercise: $15.00From: 2026-04-24Exp: 2036-03-25→ Common Stock (375,000 underlying) - 175,000
Public Warrants
[F2]Exercise: $5.00From: 2026-04-29Exp: 2031-04-29→ Common Stock (175,000 underlying)
Footnotes (2)
- [F1]Comprised of warrants, each exercisable for one share of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer at an exercise price of $15.00 per share. These warrants were issued to the Reporting Person in connection with the business combination consummated by the Issuer (formerly Pelican Holdco, Inc.), March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation.
- [F2]Comprised of public warrants (ticker: GLNDW), each exercisable for one share of Common Stock at an exercise price of $5.00 per share. These warrants were acquired in open market purchases.
Signature
/s/ Larry G. Swets, Jr.|2026-05-13