Diana Shipping (NYSE: DSX) director details large share and warrant holdings

Rhea-AI Filing Summary

DIANA SHIPPING INC. director Papatrifon Eleftherios filed an initial ownership report showing direct holdings in both common stock and warrants. He directly owns 1,342,923 shares of common stock, including 447,387 unvested shares awarded under the company’s 2014 Equity Incentive Plan.

He also holds 272,291 warrants received in a December 14, 2023 dividend distribution to shareholders of record on December 6, 2023. These warrants entitle him to 457,849 shares of common stock upon exercise at an exercise price of 0.0000 per share, reflecting a sizeable derivative position in addition to his common stock holdings.

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^*

Papatrifon Eleftherios

(Last) (First) (Middle)

PENDELIS 16, PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

UNITED STATES

(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
	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	1,342,923(1)	D

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	(2)	(2)	Common Stock	457,849(2)	(2)	D

Explanation of Responses:

1. The shares include 447,387 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.

2. 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 272,291 warrants in the Warrant Distribution which entitles him to 457,849 shares of common stock issuable upon the exercise of the warrants.

	/s/ Eleftherios Papatrifon	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 DSX Form 3 filed by Papatrifon Eleftherios show?

The Form 3 shows initial holdings of DIANA SHIPPING INC. securities by director Papatrifon Eleftherios. It lists his direct common stock ownership and his warrant position, without reporting any new purchase or sale transactions.

How many DIANA SHIPPING INC. (DSX) common shares does Papatrifon Eleftherios hold?

He directly holds 1,342,923 shares of common stock. This total includes a substantial block of 447,387 unvested shares awarded under the company’s 2014 Equity Incentive Plan, highlighting both current ownership and equity-based compensation.

What warrants related to DSX does Papatrifon Eleftherios own?

He owns 272,291 warrants from a dividend distribution, each linked to DIANA SHIPPING INC. common stock. These warrants entitle him to 457,849 underlying shares upon exercise, at an exercise price of 0.0000 per share.

How did Papatrifon Eleftherios receive his DSX warrants?

The warrants came from a December 14, 2023 dividend distribution to shareholders of record on December 6, 2023. The company distributed one-fifth of a warrant for each issued and outstanding common share.

Are all of Papatrifon Eleftherios’s DSX shares fully vested?

No. Of his 1,342,923 common shares, the filing states that 447,387 shares were awarded under the 2014 Equity Incentive Plan and are currently unvested, meaning they remain subject to vesting conditions.