Diana Shipping (NYSE: DSX) director Kyriacos Riris reports sizable equity stake

Rhea-AI Filing Summary

DIANA SHIPPING INC. director Kyriacos Riris filed an initial ownership report showing substantial equity in the company. He directly holds 966,758 shares of common stock, including 288,384 unvested shares granted under the 2014 Equity Incentive Plan. He also holds 123,010 warrants from a December 2023 distribution, exercisable for 206,837 additional common shares at an exercise price of $0.00 per share.

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^*

Riris Kyriacos

(Last) (First) (Middle)

PENDELIS 16, PALAIO FALIRO

(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
	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	966,758(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	206,837(2)	(2)	D

Explanation of Responses:

1. The shares include 288,384 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 123,010 warrants in the Warrant Distribution which entitles him to 206,837 shares of common stock issuable upon the exercise of the warrants.

	/s/ Kyriacos Riris	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 insider position did Kyriacos Riris report in DIANA SHIPPING INC. (DSX) on Form 3?

Kyriacos Riris reported an initial ownership position as a director of DIANA SHIPPING INC.. He directly holds 966,758 common shares and 123,010 warrants, which are exercisable into 206,837 additional shares. This filing establishes his baseline equity stake as an insider.

How many DIANA SHIPPING INC. (DSX) common shares does Kyriacos Riris own?

Kyriacos Riris directly owns 966,758 shares of DIANA SHIPPING INC. common stock. This total includes 288,384 unvested shares awarded under the company’s 2014 Equity Incentive Plan, reflecting both vested and unvested equity interests reported in his Form 3 filing.

What warrants does Kyriacos Riris hold in DIANA SHIPPING INC. (DSX)?

Kyriacos Riris holds 123,010 warrants received in a December 14, 2023 distribution. Each warrant relates to DIANA SHIPPING INC. common stock and is exercisable into a total of 206,837 shares at an exercise price of $0.00 per share, according to the filing footnote.

What is the source of the warrants held by Kyriacos Riris in DIANA SHIPPING INC.?

The warrants held by Kyriacos Riris came from a December 14, 2023 dividend distribution. DIANA SHIPPING INC. distributed one-fifth of a warrant for each issued and outstanding common share as of the December 6, 2023 record date, giving him 123,010 warrants in total.

Are all of Kyriacos Riris’s DIANA SHIPPING INC. (DSX) shares fully vested?

Not all shares are vested. The filing states that 288,384 shares held by Kyriacos Riris were awarded under the 2014 Equity Incentive Plan and are currently unvested. These unvested awards are included within his total reported direct common share holdings.

Does the Form 3 for DIANA SHIPPING INC. (DSX) show any recent insider trades by Kyriacos Riris?

The Form 3 does not show recent trades. It reports holdings only, listing Kyriacos Riris’s direct ownership of common shares and warrants. Transaction codes and summary data indicate two holding entries and no reported purchases, sales, exercises, or other transactions.