Greenland Energy (GLND) director Baqar bought 45,000 shares for $131K at $2.90

Insider transactions reported

Hassan Baqar (director at Greenland Energy Company, GLND) reported that they bought 45,000 shares for $131K at $2.90, and acquired 3,000 shares between Dec 5, 2025 and May 4, 2026. After these transactions the filing shows 473,000 shares held directly.

Reporting person

Baqar Hassan

Options and other derivatives

Holdings before and after

• Common Stock: 425,000 to 473,000 direct
• Public Warrants: 0 to 25,000 direct

Footnotes from the filing

1. 1. On December 5, 2025, the Reporting Person purchased 30,000 rights of Pelican Acquisition Corporation ( Pelican Rights ) on the open market at $0.299 per right. Each ten (10) Pelican Rights entitled the holder to receive one (1) share of common stock upon consummation of a business combination. On March 25, 2026, the 30,000 Pelican Rights automatically converted into 3,000 shares of common stock of Greenland Energy Company in connection with the closing of the business combination, at an effective cost basis of approximately $2.99 per share. The Pelican Rights and the resulting shares of common stock were inadvertently omitted from the Reporting Person's Initial Statement of Beneficial Ownership on Form 3 filed on March 31, 2026, and are being reported herein.
2. 2. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.78 to $2.93 per share. 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.
3. 3. Comprised of 375,000 warrants, with each warrant exercisable for one share of common stock, par value $0.0001 per share, of Greenland Energy Company 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 Greenland Energy Company (formerly Pelican Holdco, Inc.), March GL Company, Greenland Exploration Limited, and Pelican Acquisition Corporation.
4. 4. Comprised of 25,000 public warrants (ticker: GLNDW), with each warrant exercisable for one share of common stock, par value $0.0001 per share, of Greenland Energy Company at an exercise price of $11.50 per share. These warrants were acquired in an open market purchase.
5. 5. The price reported is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.99 to $1.00 per warrant. 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.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

Conversion of a derivative:

Code C marks the conversion of a derivative, such as preferred stock or units, into another security.

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