SWETS LARRY G JR 4

What Happened

• Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), made an open-market purchase of 15,000 derivative securities on 2026-05-26. The units were purchased at $1.39 each for a total reported cost of $20,856. This was a purchase of warrants (a derivative), not common stock.

Key Details

• Transaction date and price: 2026-05-26, Purchase (P) of 15,000 warrants at $1.39 each; total $20,856.
• Instrument: Derivative — public warrants (ticker GLNDW) acquired in the open market (see footnote F2).
• Footnotes: F2 — these are public warrants exercisable for one share of common stock at $5.00 per share. F1 (also disclosed) refers to a separate class of warrants issued in the company’s business combination exercisable at $15.00.
• Shares/holdings after transaction: Not specified in this filing.
• Filing timeliness: Reported on 2026-05-27 for a 2026-05-26 transaction (filed the next day), so appears timely.

Context

• These were purchases of warrants (derivatives). Warrants give the holder the right to buy common stock in the future at the stated exercise price ($5.00 for the public warrants noted in F2); they are not immediate shares until exercised.
• Purchases by insiders can be seen as more informative than routine sales, but do not on their own prove a change in the company’s prospects. This report is factual disclosure of the purchase.