Director Margaronis details indirect Diana Shipping (DSX) stock, warrant stakes

Rhea-AI Filing Summary

Diana Shipping director Anastasios Margaronis filed an amended initial ownership report detailing indirect stakes in common stock, preferred shares and warrants. Through Anamar Investments Inc., he indirectly holds 6,963,453 common shares, including 808,408 unvested awards under the 2014 Equity Incentive Plan, and warrants exercisable for 2,663,223 common shares received in a December 14, 2023 warrant dividend. He also reports indirect holdings through ESX Investments Inc., including 1,044,642 common shares and warrants exercisable for 351,306 common shares. Additional common shares, Series B Preferred Shares and warrants for 205,931 common shares are held by his spouse, with beneficial ownership of those securities expressly disclaimed except for any pecuniary interest.

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^*

Margaronis Anastasios

(Last) (First) (Middle)

PENDELIS 16, PALAIO FALIRO

(Street)

ATHENS 175 64

(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
	Officer (give title below)		Other (specify below)

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	6,963,453(1)	I	See footnote(1)
Common Stock, $0.01 par value per share	1,044,642	I	See footnote(2)
Series B Preferred Shares	132,194(6)	I	See footnote(7)
Series B Preferred Shares	10,500(6)	I	See footnote(2)
Series B Preferred Shares	138,244(6)	I	See footnote(5)
Common Stock, $0.01 par value per share	973,831	I	See footnote(8)

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	2,663,223(3)	(3)	I	See footnote(3)
Warrants	(4)	(4)	Common Stock	351,306(4)	(4)	I	See footnote(4)
Warrants	(9)	(9)	Common Stock	205,931(9)	(9)	I	See footnote(9)

Explanation of Responses:

1. The shares are held by the Reporting Person indirectly through Anamar Investments Inc. ("Anamar") as the result of his ability to control the vote and disposition of Anamar. This amount includes 808,408 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 ESX Investments Inc. ("ESX") as the result of his ability to control the vote and disposition of ESX.

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 1,583,866 warrants through Anamar in the Warrant Distribution which entitles him to 2,663,223 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 208,928 warrants through ESX in the Warrant Distribution which entitles him to 351,306 shares of common stock issuable upon the exercise of the warrants.

5. The shares are held by Mrs. Maria Margaroni, the spouse of the Reporting Person, indirectly through Coronis Investments Inc. ("Coronis"), as a result of her ability to control the vote and disposition of Coronis. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

6. Each share of 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares ("Series B Preferred Shares") is entitled to a liquidation preference in an amount initially equal to $25.00 per share in cash, plus an amount equal to accumulated and unpaid dividends thereon to the date fixed for payment of such amount (whether or not declared) upon the occurrence of liquidation, dissolution or winding up of the affairs of the Issuer, whether voluntary or involuntary, in accordance with the provisions set forth in the Issuer's Statement of Designation of the Series B Preferred Shares of the Issuer, filed as an exhibit to the Issuer's annual report on Form 20-F.

7. The shares are held by the Reporting Person indirectly through Anamar as the result of his ability to control the vote and disposition of Anamar.

8. Held by Mrs. Maria Margaroni, the spouse of the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

9. 122,471 warrants held by Mrs. Maria Margaroni, the spouse of the Reporting Person, which entitles her to 205,931 shares of common stock issuable upon the exercise of the warrants. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Remarks:

This Form 3 is being amended to include the Series B Preferred Shares the Reporting Person owns, and the Common Stock and Warrants the Reporting Person's spouse, Ms. Maria Margaroni, owns, which were inadvertently omitted from the original filing.

	/s/ Anastasios Margaronis	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 does the Diana Shipping (DSX) Form 3/A filing show for Anastasios Margaronis?

The Form 3/A shows director Anastasios Margaronis updating his initial ownership report, detailing indirect holdings of common stock, Series B Preferred Shares, and warrants in Diana Shipping Inc. through controlled entities and his spouse.

How many Diana Shipping (DSX) common shares are held through Anamar Investments Inc.?

The filing reports 6,963,453 common shares indirectly held through Anamar Investments Inc. This includes 808,408 unvested shares awarded under Diana Shipping’s 2014 Equity Incentive Plan, over which Mr. Margaronis can control voting and disposition.

What warrant holdings related to Diana Shipping (DSX) are disclosed in the Form 3/A?

The report discloses warrants received in a December 14, 2023 dividend. Through Anamar, warrants are exercisable for 2,663,223 common shares, and through ESX, warrants are exercisable for 351,306 common shares, all at an exercise price of $0.00 per share.

How are ESX Investments Inc. holdings in Diana Shipping (DSX) described?

The filing states that shares are held indirectly through ESX Investments Inc., where Mr. Margaronis can control voting and disposition. ESX holds 1,044,642 common shares plus warrants that can be exercised for 351,306 additional common shares.

What Diana Shipping (DSX) securities are held by the spouse of Anastasios Margaronis?

The document notes that Mr. Margaronis’s spouse holds common stock, Series B Preferred Shares, and 122,471 warrants exercisable for 205,931 common shares. He disclaims beneficial ownership of these securities except for any pecuniary interest.

How are Diana Shipping (DSX) Series B Preferred Shares characterized in the filing?

Each Series B Preferred Share carries a $25.00 per share liquidation preference plus accumulated and unpaid dividends in certain events, according to the issuer’s Statement of Designation referenced in the report.