SWETS LARRY G JR 4
4 · Greenland Energy Co · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Greenland Energy (GLND) Director Larry Swets Buys 15,000 Shares
What Happened
- Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), made an open-market purchase of 15,000 shares on 2026-06-02 at $3.05 per share, for a total cost of approximately $45,705. This was a purchase (P) reported on a Form 4 filed 2026-06-03.
Key Details
- Transaction date: 2026-06-02; Price: $3.05; Shares: 15,000; Total value: ~$45,705.
- Transaction code: P = Purchase (open market).
- Shares owned after the transaction: not specified in the filing.
- Filing date: 2026-06-03 (appears timely; no late filing flag noted).
- Footnotes in the filing:
- F1: The reporting person holds warrants issued in connection with the company’s business combination; each warrant is exercisable for one share at $15.00.
- F2: The reporting person also holds public warrants (ticker GLNDW), each exercisable at $5.00; these GLNDW warrants were acquired in open-market purchases.
Context
- This is a straightforward insider purchase—buying shares is often viewed as a more directly bullish signal than routine sales, though filings don’t state motives.
- The filing also shows the insider holds warrants (derivative instruments) with different exercise prices; these are separate from the common-stock purchase reported here.
Insider Transaction Report
Form 4
SWETS LARRY G JR
Director
Transactions
- Purchase
Common Stock
2026-06-02$3.05/sh+15,000$45,705→ 560,000 total
Holdings
- 375,000
Warrants
[F1]Exercise: $15.00From: 2026-04-24Exp: 2036-03-25→ Common Stock (375,000 underlying) - 215,000
Public Warrants
[F2]Exercise: $5.00From: 2026-04-29Exp: 2031-04-29→ Common Stock (215,000 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.|2026-06-03