SWETS LARRY G JR 4
4 · Greenland Energy Co · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Greenland Energy (GLND) Director Larry Swets Buys 20,000 Shares
What Happened
- Larry G. Swets, Jr., a director of Greenland Energy Co. (GLND), purchased 20,000 shares on May 21, 2026. The reported weighted average purchase price was $2.66 per share, for a total reported outlay of $53,152. The shares were acquired in multiple transactions with prices that ranged from $2.61 to $2.69. This was a purchase (insider buying), which investors often view as a more informative/positive signal than routine sales.
Key Details
- Transaction date: May 21, 2026
- Transaction type/code: Purchase (P) — open‑market purchases executed in multiple trades
- Price: Weighted average $2.66; individual trades ranged $2.61–$2.69 (see footnote F3)
- Total value: $53,152
- Shares owned after transaction: Not specified in the excerpt of the filing provided
- Filing timeliness: Reported on May 22, 2026 (filed one day after the transaction), which is within the typical Form 4 reporting window
- Notable footnotes from the filing:
- F1: References warrants previously issued to the reporting person exercisable at $15.00 per share (from the business combination).
- F2: References public warrants (ticker GLNDW) exercisable at $5.00, which the reporting person acquired in open‑market purchases.
- F3: Explains the $2.66 figure is a weighted average and lists the full trade price range; the filer offers to provide a breakdown of the number of shares bought at each price on request.
Context
- This filing reports a straightforward open‑market purchase of common stock. The other footnotes describe separate warrant holdings and do not indicate exercises or sales of the shares acquired here. No tax‑withholding, gift, or option‑exercise mechanics are involved in this reported transaction.
Insider Transaction Report
Form 4
SWETS LARRY G JR
Director
Transactions
- Purchase
Common Stock
[F3]2026-05-21$2.66/sh+20,000$53,152→ 545,000 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 (3)
- [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.
- [F3]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.61 to $2.69, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Signature
/s/ Larry G. Swets, Jr.|2026-05-22