SWETS LARRY G JR 4
4 · Greenland Energy Co · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
Greenland Energy (GLND) Director Larry Swets Buys Shares & Warrants
What Happened
Larry G. Swets Jr., a director of Greenland Energy Co. (GLND), reported purchases totaling 50,000 securities across May and June 2026. The filing shows: 15,000 common shares purchased on 2026-06-25 at a weighted average price ~ $2.56 (≈ $38,358); 25,000 derivative securities (warrants) purchased on 2026-05-12 at a weighted average $1.20 (≈ $29,983); and 10,000 derivative securities purchased on 2026-06-25 at $1.00 (≈ $10,000). All transactions are reported with code P (purchase), indicating insider buying activity.
Key Details
- Transaction dates & amounts:
- 2026-06-25: 15,000 shares @ weighted avg $2.56 — $38,358 (open-market purchase)
- 2026-05-12: 25,000 warrants @ weighted avg $1.20 — $29,983 (derivative purchase)
- 2026-06-25: 10,000 warrants @ $1.00 — $10,000 (derivative purchase)
- Total reported spend ≈ $78,341.
- Footnotes of note:
- F1: Certain warrants were issued in connection with the company’s business combination; each is exercisable for one share at $15.00 per share.
- F2: Public warrants (ticker GLNDW) are exercisable for one share at $5.00; these were acquired in open-market purchases.
- F3: The $2.56 share price is a weighted average for multiple trades between $2.54–$2.56.
- F4: The $1.20 warrant price is a weighted average for multiple trades between $1.15–$1.20.
- Shares/warrants owned after these transactions: not specified in the provided filing excerpt.
- Filing timeliness: Form filed 2026-06-26. The May 12 purchase appears to have been reported late (filed more than one month after the trade); the June 25 purchases were reported the next day.
Context
- Derivative purchases here refer to warrants — instruments that give the holder the right to buy common stock at a set exercise price (see F1/F2 for exercise prices). Purchasing warrants is not the same as buying shares outright but indicates a bet on future share upside.
- These transactions are purchases by a company director (insider buying), which many investors view as a stronger signal than routine sales — but purchases do not guarantee future performance.
- No information in the excerpt indicates exercises followed by immediate sales (cashless exercise) or that trades were done under a 10b5-1 plan.
Insider Transaction Report
Form 4
SWETS LARRY G JR
Director
Transactions
- Purchase
Common Stock
[F3]2026-06-25$2.56/sh+15,000$38,358→ 585,000 total - Purchase
Public Warrants
[F2][F4]2026-05-12$1.20/sh+25,000$29,983→ 240,000 totalExercise: $5.00From: 2026-04-29Exp: 2031-04-29→ Common Stock (240,000 underlying) - Purchase
Public Warrants
[F2]2026-06-25$1.00/sh+10,000$10,000→ 250,000 totalExercise: $5.00From: 2026-04-29Exp: 2031-04-29→ Common Stock (250,000 underlying)
Holdings
- 375,000
Warrants
[F1]Exercise: $15.00From: 2026-04-24Exp: 2036-03-25→ Common Stock (375,000 underlying)
Footnotes (4)
- [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 reported price is a weighted average price. These shares were purchased in multiple open market transactions at prices ranging from $2.54 to $2.56 per share, 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.
- [F4]The reported price is a weighted average price. These warrants were purchased in multiple open market transactions at prices ranging from $1.15 to $1.20 per warrant, 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 warrants purchased at each separate price within the range set forth in this footnote.
Signature
/s/ Larry G. Swets, Jr.|2026-06-26