SWETS LARRY G JR 4

What Happened Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), made a derivative purchase on 2026-05-27, acquiring 25,000 warrants at $1.33 each for a total cash outlay of $33,245. The reported transaction type is "P" (purchase) and the instrument is a derivative (warrant), not shares of common stock.

Key Details

• Transaction date: 2026-05-27; filing accession: 0001829126-26-005719 (filed same day).
• Instrument and price: 25,000 warrants purchased at $1.33 each; total = $33,245.
• Nature of instrument: public warrants (ticker GLNDW) acquired in open-market purchases (see footnote F2); each public warrant is exercisable for one share at $5.00 per share.
• Additional note (footnote F1): the reporting person also holds private warrants issued in the company’s business combination, each exercisable at $15.00 per share.
• Shares owned after transaction: not specified in the filing.
• Timeliness: filing was submitted on the reporting date (timely).

Context These were purchases of warrants (derivatives) rather than purchases of common stock. Owning a warrant gives the holder the right to buy one share at the stated exercise price ($5.00 for the public warrants acquired; $15.00 for the private warrants referenced), which would require additional payment to convert into shares. The filing is factual and does not indicate intent; purchases of derivatives are informational but do not immediately change common-stock holdings.