Director Richard T. Du Moulin filed a Form 144 notice on November 13, 2026, disclosing a proposed sale of 50,000 common shares of Pangaea Logistics Solutions Ltd. through Wells Fargo Clearing Services.

Key Highlights

  • Proposed sale: 50,000 common shares with an aggregate market value of $470,851.56, according to the filing.
  • Approximate sale date: November 13, 2026, through Wells Fargo Clearing Services on Nasdaq.
  • Prior sale disclosed: The filing reports a sale of 50,000 shares on November 12, 2026, with gross proceeds of $454,282.21.
  • Shares outstanding: The filing lists 65,473,772 common shares outstanding at the time of the notice.
  • Acquisition history: The shares to be sold were granted by the issuer in three tranches: 3,465 shares on February 17, 2023; 21,368 shares on February 18, 2022; and 25,167 shares on February 16, 2021.
  • Account detail: According to the filing, the shares are held in the Richard T. Du Moulin Revocable Trust, with Richard T. Du Moulin as trustee.

Pangaea Logistics Director Files Rule 144 Notice for Common Share Sale

Richard T. Du Moulin, identified in the filing as a director of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL), submitted a Form 144 notice to the SEC on November 13, 2026. The notice covers a proposed sale of 50,000 common shares at an aggregate market value of $470,851.56, to be executed through Wells Fargo Clearing Services, located at 1 North Jefferson Avenue, St. Louis, MO 63103.

The filing identifies three separate grant transactions as the source of the securities to be sold. Specifically, 3,465 shares were acquired via grant from the issuer on February 17, 2023; 21,368 shares were granted on February 18, 2022; and 25,167 shares were granted on February 16, 2021. The filing notes that none of the acquisitions involved a gift or deferred payment arrangement.

In the section covering securities sold during the past three months, the filing discloses that Du Moulin sold 50,000 shares on November 12, 2026, generating gross proceeds of $454,282.21. The filing also includes a remark stating that "shares were sold in the account for the Richard T Du Moulin Revocable Trust, Richard T Du Moulin as trustee." The issuer's address is listed as 109 Long Wharf, Newport, Rhode Island 02840, with SEC File Number 001-36798.

What Was Disclosed

A Form 144 notice was filed by Pangaea Logistics Solutions director Richard T. Du Moulin on November 13, 2026, covering a proposed sale of 50,000 common shares valued at $470,851.56, alongside disclosure of a prior 50,000-share sale on November 12, 2026.