SWETS LARRY G JR 4
4 · Greenland Energy Co · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Greenland Energy (GLND) Director Larry Swets Buys 10,000 Shares
What Happened
Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), purchased 10,000 shares of the company's common stock in an open-market transaction on June 8, 2026 at $2.77 per share, for a reported total of $27,699. This filing reports an insider purchase (acquisition) rather than a sale.
Key Details
- Transaction date and type: 2026-06-08 — Open-market purchase (code P).
- Price and value: 10,000 shares at $2.77 per share; reported aggregate cost $27,699.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Reporting person also holds warrants issued in the company’s business combination; each warrant exercisable for one share at $15.00.
- F2: Reporting person also holds public warrants (ticker GLNDW) exercisable at $5.00; these were acquired in open-market purchases.
- Filing timeliness: Reported on the same day as the transaction (timely filing).
Context
The reported purchase is a direct acquisition of common stock and is separate from the warrants described in the footnotes (which are derivative instruments with different exercise prices). The filing shows an insider buying shares — factual information investors use alongside other data; it does not indicate the insider’s motive.
Insider Transaction Report
- Purchase
Common Stock
2026-06-08$2.77/sh+10,000$27,699→ 570,000 total
- 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.