T. Benjamin Jennings Decreases Stake in Panamera Holdings Corp via Personal Gift

T. Benjamin Jennings, the Chairman and Chief Executive Officer of Panamera Holdings Corp (PHCI), filed an amendment to his Schedule 13D to report a decrease in beneficial ownership. On March 12, 2026, Jennings transferred 4,100,000 shares of common stock as a personal gift for estate and family planning purposes. No monetary consideration was paid or received in connection with this transfer. Prior to the disposition, Jennings held 23,220,000 shares, representing approximately 29.1% of the company. Following the gift, his ownership decreased to 19,120,000 shares, or approximately 23.9% of the 79,886,074 shares outstanding. While the recipient retains dispositive power over the gifted shares, the shares remain subject to a Voting Rights Agreement dated December 20, 2021, under which the recipient has relinquished voting rights. Jennings maintains sole voting and dispositive power over his remaining 19,120,000 shares. The filing indicates that this transfer was not intended to influence or change the control of the issuer.