SEC Form 4 · accession 0001829126-26-006889
Greenland Energy Co · GLND
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry G Swets Jr.
Director
Period of report
May 12, 2026
Accepted (ET)
Jun 26, 2026 · 6:00 am EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0002093507
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF3 | Jun 25, 2026 | P | 15,000 | $2.5572 | A | 585,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public WarrantsF2,F4 | $5.00 | May 12, 2026 | P | 25,000 | A | Apr 29, 2026 | Apr 29, 2031 | Common Stock | 240,000 | 240,000 | D |
| Public WarrantsF2 | $5.00 | Jun 25, 2026 | P | 10,000 | A | Apr 29, 2026 | Apr 29, 2031 | Common Stock | 250,000 | 250,000 | D |
| WarrantsF1 | $15.00 | holding | — | — | — | Apr 24, 2026 | Mar 25, 2036 | Common Stock | 375,000 | 375,000 | D |
Explanation of responses
- F1Comprised 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.
- F2Comprised 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.
- F3The 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.
- F4The 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.