Director Richard T. Du Moulin filed a Form 144 notice on November 12, 2026, disclosing a proposed sale of 50,000 common shares of Pangaea Logistics Solutions Ltd. through Wells Fargo Clearing Services.

Key Highlights

  • Proposed sale size: 50,000 common shares with an aggregate market value of $454,282.21, according to the filing.
  • Seller: Richard T. Du Moulin, identified as a Director of Pangaea Logistics Solutions Ltd., selling through the Richard T. Du Moulin Revocable Trust, with Du Moulin as trustee.
  • Approximate date of sale: November 12, 2026, via Wells Fargo Clearing Services, located at 1 North Jefferson Avenue, St. Louis, MO 63103.
  • Shares outstanding: 65,473,772 common shares outstanding at the time of the notice, as reported in the filing.
  • Acquisition history: The shares proposed for sale were acquired through three separate grants from the issuer: 23,077 shares on February 19, 2025; 14,101 shares on February 16, 2024; and 12,822 shares on February 17, 2023.
  • No sales in past 3 months: The filing reports nothing to report under securities sold during the past three months.

Pangaea Logistics Director Files Rule 144 Notice for Proposed Common Share Sale

According to the Form 144 notice filed with the U.S. Securities and Exchange Commission, Richard T. Du Moulin, a Director of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL), has provided notice of a proposed sale of 50,000 common shares. The filing lists an aggregate market value of $454,282.21 for the shares to be sold. The issuer is headquartered at 109 Long Wharf, Newport, Rhode Island 02840, and carries SEC File Number 001-36798.

The filing indicates that the shares proposed for sale were acquired entirely through grants from the issuer across three separate dates. Specifically, 23,077 shares were granted on February 19, 2025; 14,101 shares were granted on February 16, 2024; and 12,822 shares were granted on February 17, 2023. No portion of the acquisition involved a gift, and payment for all grants is listed as "N/A" in the filing. The proposed sale is to be executed through Wells Fargo Clearing Services on NASDAQ, with an approximate sale date of November 12, 2026.

The filing notes in its remarks section that "shares were sold in the account for the Richard T Du Moulin Revocable Trust, Richard T Du Moulin as trustee." Du Moulin signed the notice, representing, as required under the form, that he does not know of any material adverse information regarding the current and prospective operations of the issuer that has not been publicly disclosed.

What Was Disclosed

Pangaea Logistics Solutions Ltd. Director Richard T. Du Moulin filed a Form 144 notice proposing the sale of 50,000 common shares with an aggregate market value of $454,282.21, acquired via issuer grants in 2023, 2024, and 2025, through a revocable trust he controls.