Diana Shipping (DSX) CEO details indirect stock, warrant and preferred stakes

Rhea-AI Filing Summary

Diana Shipping Inc. Chief Executive Officer Semiramis Paliou reports her indirect ownership of common shares, warrants and preferred stock through 4 Sweet Dreams S.A. (4SD) and Tuscany Shipping Corp. She controls the vote and disposition of both entities, so their holdings are attributed to her.

Through the December 14, 2023 warrant distribution, she indirectly holds 807,612 warrants via 4SD and 2,719,889 warrants via Tuscany, entitling her to 1,357,975 and 4,573,411 common shares upon exercise. Her indirect stake also includes 3,585,820 unvested shares awarded under the 2014 Equity Incentive Plan, Series C Preferred Stock with 1,000 votes per share, and Series D Preferred Stock with 200,000 votes per share, subject to a 36% overall voting cap.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Paliou Semiramis

(Last) (First) (Middle)

PENDELIS 16, PALAIO FALIRO

(Street)

ATHENS 17564

(City) (State) (Zip)

GREECE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
DIANA SHIPPING INC. [ DSX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value per share	8,278,726(1)	I	See footnote(1)
Common Stock, $0.01 par value per share	13,599,448	I	See footnote(2)
Series C Preferred Stock	10,675(5)	I	See footnote(2)
Series D Preferred Stock	400(6)	I	See footnote(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	(3)	(3)	Common Stock	1,357,975(3)	(3)	I	See footnote(3)
Warrants	(4)	(4)	Common Stock	4,573,411(4)	(4)	I	See footnote(4)

Explanation of Responses:

1. The shares are held by the Reporting Person indirectly through 4 Sweet Dreams, S.A. ("4SD") as the result of her ability to control the vote and disposition of 4SD. This amount includes 3,585,820 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.

2. The shares are held by the Reporting Person indirectly through Tuscany Shipping Corp. ("Tuscany") as the result of her ability to control the vote and disposition of Tuscany.

3. On December 14, 2023, the Issuer distributed a dividend to all shareholders as of the record date, December 6, 2023 (the "Warrant Distribution"). The Issuer distributed one-fifth of a warrant for each issued and outstanding Common Share. The Reporting person currently owns 807,612 warrants through 4SD in the Warrant Distribution which entitles her to 1,357,975 shares of common stock issuable upon the exercise of the warrants.

4. On December 14, 2023, the Issuer distributed a dividend to all shareholders as of the record date, December 6, 2023 (the "Warrant Distribution"). The Issuer distributed one-fifth of a warrant for each issued and outstanding Common Share. The Reporting person currently owns 2,719,889 warrants through Tuscany in the Warrant Distribution which entitles her to 4,573,411 shares of common stock issuable upon the exercise of the warrants.

5. The Series C Preferred Stock will vote with the common shares of the Issuer, and each share of the Series C Preferred Stock shall entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the stockholders of the Issuer, in accordance with the provisions set forth in the Issuer's Statement of Designation of Rights, Preferences and Privileges of Series C Preferred Stock of the Issuer, filed as an exhibit to the Issuer's annual report on Form 20-F.

6. Each share of Series D Preferred Stock has the voting power of 200,000 votes and the Series D Preferred Stock votes together with the Issuer's common shares as a single class, provided however, that to the extent that the total number of votes of Series D Preferred Stock is entitled to vote on any matter submitted to a vote would exceed 36.0% of the total number of votes eligible to be cast on such matter, the total number of votes that holders of Series D Preferred Stock may exercise derived from the Series D Preferred Stock together with common shares and other voting securities of the Issuer beneficially owned by such holder, shall be reduced to 36% of the total number of votes that may be cast on such matter submitted to a vote, in accordance with the provisions set forth in the issuer's Amended and Restated Statement of Designation of Rights, Preferences and Privileges of Series D Preferred Stock of the Issuer, filed as an exhibit to the Issuer's annual report on Form 20-F.

Remarks:

This Form 3 is being amended to include the Series C Preferred Stock and the Series D Preferred Stock the Reporting Person owns, which were inadvertently omitted from the original filing.

	/s/ Semiramis Paliou	03/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider holdings does DSX CEO Semiramis Paliou report in this Form 3/A?

Semiramis Paliou reports indirect holdings in common stock, warrants and Series C and D preferred shares of Diana Shipping Inc. These positions are held through 4 Sweet Dreams S.A. and Tuscany Shipping Corp., where she controls voting and disposition authority over the securities.

How many Diana Shipping (DSX) warrants does Semiramis Paliou indirectly own?

She indirectly owns 807,612 warrants through 4 Sweet Dreams S.A. and 2,719,889 warrants through Tuscany Shipping Corp. These warrants arose from a December 14, 2023 distribution and entitle her to 1,357,975 and 4,573,411 common shares upon exercise, respectively.

What common stock awards are included in Paliou’s Diana Shipping (DSX) holdings?

Her indirect ownership through 4 Sweet Dreams S.A. includes 3,585,820 common shares awarded under Diana Shipping’s 2014 Equity Incentive Plan, as amended and restated. These shares are currently unvested but are counted within her reported beneficial ownership position in the company.

What voting rights come with Paliou’s Series C Preferred Stock in DSX?

Each share of Series C Preferred Stock carries 1,000 votes and votes together with common shares. This structure gives substantial voting power to holders, as detailed in Diana Shipping’s Statement of Designation filed with its annual report on Form 20-F.

How much voting power does the Series D Preferred Stock give DSX CEO Semiramis Paliou?

Each Series D Preferred share has 200,000 votes and votes with common shares as a single class. However, total votes from Series D plus other securities beneficially owned by the holder are capped at 36% of all votes eligible on any matter.

How are Semiramis Paliou’s indirect DSX holdings structured through 4SD and Tuscany?

Her holdings are indirect, held via 4 Sweet Dreams S.A. and Tuscany Shipping Corp. She is attributed ownership because she can control each entity’s voting and disposition decisions, so their common stock, warrants and preferred shares are treated as her beneficial holdings.