Diana Shipping director sells 20K warrants

A DIANA SHIPPING INC. director reported disposing of 20,000 warrants while retaining 191,311 warrants from an earlier warrant distribution.

Rhea-AI Filing Summary

DIANA SHIPPING INC. (DSX) director Eleftherios Papatrifon reported derivative transactions involving company warrants. On September 16–17, 2026, he disposed of a total of 20,000 warrants, linked to 33,905 shares of common stock. He continues to hold 191,311 warrants, exercisable into 324,323 common shares at an exercise price of $1.69527 per share, all from a prior warrant dividend distribution.

Insider Trade Summary

20,000 shares exercised/converted

Exercise 2 txns

Insider Papatrifon Eleftherios

Role Director

Type	Security	Shares	Price	Value
Exercise	Warrants F1	15,000	--	--
Exercise	Warrants F1	5,000	--	--

Holdings After Transaction: Warrants — 191,311 contracts (Direct)

Footnotes (1)

1. F1. 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. Between September 16, 2026 and September 17, 2026, the Reporting Person sold 20,000 Warrants at an exercise price of $1.69527. The Reporting person currently owns 191,311 warrants in the Warrant Distribution which entitles him to 324,323 shares of common stock issuable upon the exercise of the warrants.

Key Figures

Warrants disposed: 20,000 warrants Underlying shares for disposed warrants: 33,905 shares Warrants remaining: 191,311 warrants +5 more

8 metrics

Warrants disposed 20,000 warrants Total warrants disposed between September 16–17, 2026 by the director

Underlying shares for disposed warrants 33,905 shares Common stock underlying the 20,000 warrants reported as disposed

Warrants remaining 191,311 warrants Warrants still owned from the Warrant Distribution after the reported transactions

Underlying shares for remaining warrants 324,323 shares Common stock issuable upon exercise of remaining warrants

Warrant exercise price $1.69527 per share Exercise price for common stock under the warrants from the Warrant Distribution

Warrant Distribution ratio 0.2 warrant per share One-fifth of a warrant for each issued and outstanding common share on record date

Warrant Distribution date December 14, 2023 Date DIANA SHIPPING INC. distributed the warrant dividend

Record date for Warrant Distribution December 6, 2023 Shareholder record date for receiving the warrant dividend

Key Terms

Warrant Distribution, exercise price, record date, Common Stock

4 terms

Warrant Distribution financial

"The Issuer distributed a dividend to all shareholders ... (the "Warrant Distribution")."

exercise price financial

"sold 20,000 Warrants at an exercise price of $1.69527."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

record date financial

"dividend to all shareholders as of the record date, December 6, 2023"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

Common Stock financial

"distributed one-fifth of a warrant for each issued and outstanding Common Share."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DIANA SHIPPING INC. (DSX) report in this Form 4?

A director, Eleftherios Papatrifon, reported derivative transactions in company warrants on September 16–17, 2026, disposing of a total of 20,000 warrants that are linked to shares of DIANA SHIPPING INC. common stock.

How many DSX warrants did the insider dispose of and over what period?

Between September 16, 2026 and September 17, 2026, the director disposed of 20,000 warrants in total, reported as two derivative transactions relating to DIANA SHIPPING INC. common stock.

What does the remaining warrant position look like for the DSX insider?

After these transactions, the reporting person states he owns 191,311 warrants from the warrant distribution, which entitle him to receive 324,323 shares of DIANA SHIPPING INC. common stock upon exercise.

What is the exercise price of the DSX warrants mentioned in this filing?

The warrants referenced in the filing carry an exercise price of $1.69527 per share for DIANA SHIPPING INC. common stock, as stated in the footnote describing the warrant distribution and subsequent warrant sales.

Were the DSX warrant transactions under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the warrant transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What was the origin of the DSX warrants held by the insider?

The warrants came from a Warrant Distribution on December 14, 2023, when DIANA SHIPPING INC. distributed one-fifth of a warrant for each issued and outstanding common share to shareholders of record as of December 6, 2023.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 04:54 PM Accepted by SEC EDGAR 09/18/2026 - 04:54 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Papatrifon Eleftherios

(Last) (First) (Middle)

PENDELIS 16

PALAIO FALIRO

(Street)

ATHENS 17564

(City) (State) (Zip)

GREECE

(Country)

2. Issuer Name and Ticker or Trading Symbol
DIANA SHIPPING INC. [ DSX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants	(1)	09/16/2026		M			5,000	(1)	(1)	Common Stock	8,476	(1)	206,311(1)	D
Warrants	(1)	09/17/2026		M			15,000	(1)	(1)	Common Stock	25,429	(1)	191,311(1)	D

Explanation of Responses:

1. 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. Between September 16, 2026 and September 17, 2026, the Reporting Person sold 20,000 Warrants at an exercise price of $1.69527. The Reporting person currently owns 191,311 warrants in the Warrant Distribution which entitles him to 324,323 shares of common stock issuable upon the exercise of the warrants.

	/s/ Eleftherios Papatrifon	09/18/2026
	** 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 4 (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 4: SEC 1474 (03-26)