Diana Shipping (NYSE: DSX) chairman discloses large indirect share and warrant stakes

Rhea-AI Filing Summary

Diana Shipping Inc. chairman Symeon Palios filed a Form 3 reporting his existing indirect ownership in the company. The filing shows indirect holdings of 4,307,715 shares of common stock and a separate indirect position of 1,656,122 shares of common stock. These positions are held through entities Taracan Investments S.A. and Limon Compania Financiera S.A., over which he can control voting and disposition. The Taracan-held amount includes 2,051,912 unvested shares awarded under the 2014 Equity Incentive Plan. He also indirectly holds warrants entitling him to 632,596 underlying common shares and another block of warrants entitling him to 556,941 underlying common shares, both received via a warrant dividend distributed on December 14, 2023 to shareholders of record on December 6, 2023.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Palios Symeon

Role Chairman

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 — 632,596 shares (Indirect, See footnote); Common Stock, $0.01 par value per share — 4,307,715 shares (Indirect, See footnote)

Footnotes (1)

1. The shares are held by the Reporting Person indirectly through Taracan Investments S.A. ("Taracan") as the result of his ability to control the vote and disposition of Taracan. This amount Includes 2,051,912 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested. The shares are held by the Reporting Person indirectly through Limon Compania Financiera S.A. ("Limon") as the result of his ability to control the vote and disposition of Limon. 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 376,216 warrants through Taracan in the Warrant Distribution which entitles him to 632,596 shares of common stock issuable upon the exercise of the warrants. 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 331,223 warrants through Limon in the Warrant Distribution which entitles him to 556,941 shares of common stock issuable upon the exercise of the warrants.

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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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Palios Symeon

(Last) (First) (Middle)

PENDELIS 16, PALAIO FALIR

(Street)

ATHENS 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)

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

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

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	4,307,715(1)	I	See footnote(1)
Common Stock, $0.01 par value per share	1,656,122(2)	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	632,596(3)	(3)	I	See footnote(3)
Warrants	(4)	(4)	Common Stock	556,941(4)	(4)	I	See footnote(4)

Explanation of Responses:

1. The shares are held by the Reporting Person indirectly through Taracan Investments S.A. ("Taracan") as the result of his ability to control the vote and disposition of Taracan. This amount Includes 2,051,912 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 Limon Compania Financiera S.A. ("Limon") as the result of his ability to control the vote and disposition of Limon.

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 376,216 warrants through Taracan in the Warrant Distribution which entitles him to 632,596 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 331,223 warrants through Limon in the Warrant Distribution which entitles him to 556,941 shares of common stock issuable upon the exercise of the warrants.

	/s/ Symeon Palios	03/18/2026
	** 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 for Symeon Palios report?

The Form 3 reports Symeon Palios’ existing indirect ownership in Diana Shipping Inc. It lists large indirect common stock positions and warrant holdings through controlled entities, establishing his baseline beneficial ownership as chairman rather than documenting any new purchase or sale.

How many Diana Shipping (DSX) common shares does Symeon Palios report indirectly owning?

The filing shows two indirect common stock positions: 4,307,715 shares and 1,656,122 shares. These shares are held through entities he controls, providing him the ability to direct voting and disposition, according to the detailed ownership footnotes.

What warrant holdings in Diana Shipping (DSX) are disclosed for Symeon Palios?

He indirectly holds warrants linked to 632,596 and 556,941 underlying common shares. These arise from a dividend-style warrant distribution, giving one-fifth of a warrant per common share, and were received through entities Taracan and Limon that he controls.

How were the Diana Shipping (DSX) warrants received by Symeon Palios’ entities?

The warrants came from a company distribution on December 14, 2023. Shareholders of record on December 6, 2023 received one-fifth of a warrant per common share, resulting in 376,216 warrants via Taracan and 331,223 warrants via Limon for Palios.

What equity incentive awards are included in Symeon Palios’ Diana Shipping (DSX) holdings?

The filing notes 2,051,912 unvested shares awarded under the 2014 Equity Incentive Plan. These shares are included within the indirect holdings through Taracan, reflecting long-term incentive compensation rather than open-market stock purchases.

Are the Diana Shipping (DSX) Form 3 positions held directly by Symeon Palios?

The positions are reported as indirect holdings through Taracan and Limon. Footnotes state he can control these entities’ voting and disposition of the shares, which is why they are reported as his beneficial ownership on the Form 3.