Diana Shipping (NYSE: DSX) director discloses large indirect share and warrant stakes
Rhea-AI Filing Summary
Diana Shipping Inc. director Anastasios Margaronis filed an initial Form 3 reporting his indirect ownership of common stock and warrants. He reports 6,963,453 shares of common stock held indirectly through Anamar Investments Inc., including 808,408 unvested shares awarded under the company’s 2014 Equity Incentive Plan. He also reports 1,044,642 shares held indirectly through ESX Investments Inc. In addition, he holds warrants from a December 14, 2023 warrant dividend that are exercisable into 2,663,223 shares of common stock through Anamar and 351,306 shares through ESX. The filing lists these positions as indirect holdings and does not report any new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Margaronis Anastasios
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
| holding | Common Stock, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Warrants — 3,014,529 shares (Indirect, See footnote);
Common Stock, $0.01 par value per share — 8,008,095 shares (Indirect, See footnote)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
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FAQ
What did Diana Shipping (DSX) director Anastasios Margaronis report on this Form 3?
He reported his existing indirect ownership of Diana Shipping common stock and warrants. The filing lists large positions held through Anamar Investments Inc. and ESX Investments Inc., but does not show any new purchases, sales, or option exercises.
What warrant holdings for Diana Shipping (DSX) are disclosed in this Form 3?
He holds warrants from a December 14, 2023 warrant distribution. Through Anamar he owns warrants exercisable into 2,663,223 shares, and through ESX he owns warrants exercisable into 351,306 shares of Diana Shipping common stock.
How did Anastasios Margaronis receive the Diana Shipping (DSX) warrants?
The warrants came from a dividend distributed on December 14, 2023 to shareholders of record on December 6, 2023. Diana Shipping distributed one-fifth of a warrant for each issued and outstanding common share in this warrant distribution.