Diana Shipping (DSX) director discloses 247,699 shares and warrants in Form 3

Rhea-AI Filing Summary

DIANA SHIPPING INC. director Simon Frank Peter Morecroft has filed an initial ownership report showing direct holdings of common stock and warrants. He holds 247,699 shares of common stock, which include 181,601 unvested shares awarded under the company’s 2014 Equity Incentive Plan. He also holds warrants from a December 2023 dividend distribution that entitle him to acquire 11,697 additional common shares upon exercise, providing further potential equity exposure.

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^*

Morecroft Simon Frank Peter

(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	247,699(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	11,697(2)	(2)	D

Explanation of Responses:

1. The shares include 181,601 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 6,957 warrants in the Warrant Distribution which entitles him to 11,697 shares of common stock issuable upon the exercise of the warrants.

	/s/ Simon Frank Peter Morecroft	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 filing disclose about Simon Morecroft’s holdings?

The Form 3 shows director Simon Frank Peter Morecroft’s initial ownership in DIANA SHIPPING INC., including 247,699 common shares and warrants exercisable for 11,697 shares, giving investors clarity on his current and potential equity stake.

How many DIANA SHIPPING INC. (DSX) common shares does Simon Morecroft own?

Simon Morecroft directly owns 247,699 DIANA SHIPPING INC. common shares. This total includes 181,601 unvested shares awarded under the company’s 2014 Equity Incentive Plan, reflecting both currently vested and unvested equity compensation.

What warrants related to DSX common stock does Simon Morecroft hold?

Simon Morecroft holds warrants entitling him to acquire 11,697 DSX common shares. These warrants came from a December 2023 dividend distribution, where shareholders received one-fifth of a warrant for each issued and outstanding common share held on the record date.

How were Simon Morecroft’s DSX warrants received according to the Form 3?

The warrants were received via a special dividend distribution on December 14, 2023. DIANA SHIPPING INC. granted one-fifth of a warrant per common share, and Morecroft’s position now entitles him to 11,697 common shares upon exercise.

What portion of Simon Morecroft’s DSX common shares are unvested awards?

Out of Simon Morecroft’s 247,699 DSX common shares, 181,601 are unvested awards under the 2014 Equity Incentive Plan. These shares represent equity compensation that vests over time rather than immediately tradable stock.