Diana Shipping director disposes 60,980 warrants

A DIANA SHIPPING INC. director reported disposing of 60,980 warrants while retaining over 200,000 warrants exercisable into common shares.

Rhea-AI Filing Summary

DIANA SHIPPING INC. (DSX) director Papatrifon Eleftherios reported multiple warrant transactions involving the company’s common stock. Between September 2 and September 15, 2026, he disposed of 60,980 Warrants, each entitling the holder to purchase DSX common shares at an exercise price of $1.69527 per share. After these transactions, he still holds 211,311 Warrants from the prior warrant distribution, which are exercisable for 358,229 shares of common stock.

Insider Trade Summary

60,980 shares exercised/converted

Exercise 6 txns

Insider Papatrifon Eleftherios

Role Director

Type	Security	Shares	Price	Value
Exercise	Warrants F1	5,000	--	--
Exercise	Warrants F1	5,000	--	--
Exercise	Warrants F1	10,000	--	--
Exercise	Warrants F1	10,980	--	--
Exercise	Warrants F1	10,000	--	--
Exercise	Warrants F1	20,000	--	--

Holdings After Transaction: Warrants — 211,311 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 2, 2026 and September 15, 2026, the Reporting Person sold 60,980 Warrants at an exercise price of $1.69527. The Reporting person currently owns 211,311 warrants in the Warrant Distribution which entitles him to 358,229 shares of common stock issuable upon the exercise of the warrants.

Key Figures

Warrants disposed: 60,980 Warrants Warrant exercise price: $1.69527 per share Warrants remaining: 211,311 Warrants +2 more

5 metrics

Warrants disposed 60,980 Warrants Disposed between September 2 and September 15, 2026

Warrant exercise price $1.69527 per share Exercise price for warrants sold between September 2 and September 15, 2026

Warrants remaining 211,311 Warrants Warrants currently owned by the reporting person from the Warrant Distribution

Underlying shares from remaining warrants 358,229 shares Common stock issuable upon exercise of the 211,311 remaining warrants

Derivative exercises reported 6 transactions Form 4 shows six derivative (warrant) transactions coded as exercises/conversions (M)

Key Terms

Warrants, exercise price, record date, Common Share, +1 more

5 terms

Warrants financial

"Between September 2, 2026 and September 15, 2026, the Reporting Person sold 60,980 Warrants"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

exercise price financial

"sold 60,980 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 Share financial

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

A common share is a type of ownership in a company that gives the holder a claim to a portion of the company’s profits and assets. It often comes with voting rights, allowing shareholders to participate in decisions about the company’s direction. For investors, owning common shares can mean potential for growth and income, but also involves a higher level of risk compared to other types of investments.

Warrant Distribution financial

"The "Warrant Distribution" The Issuer distributed one-fifth of a warrant"

FAQ

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

What insider transactions did DSX director Papatrifon Eleftherios report?

He reported disposing of 60,980 Warrants between September 2 and September 15, 2026. These transactions involved warrants received in a prior warrant distribution and were reported as disposals of derivative securities.

How many DSX warrants did the director sell and at what exercise price?

He sold 60,980 Warrants, each carrying an exercise price of $1.69527 per share. The exercise price is the price at which each warrant can be used to purchase a share of DIANA SHIPPING INC. common stock.

How many DSX warrants does the director still own after these transactions?

After the reported warrant disposals, he currently owns 211,311 Warrants from the warrant distribution. These remaining warrants are still outstanding in his holdings according to the filing’s footnote.

How many DSX common shares are underlying the director’s remaining warrants?

The remaining 211,311 Warrants entitle him to receive 358,229 shares of DIANA SHIPPING INC. common stock upon exercise, as disclosed in the footnote to the Form 4 filing.

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

No. The filing indicates the Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that these warrant disposals were executed pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/16/2026 - 04:33 PM Accepted by SEC EDGAR 09/16/2026 - 04:32 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)
09/02/2026

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)	09/02/2026		M			20,000	(1)	(1)	Common Stock	33,905	(1)	252,291(1)	D
Warrants	(1)	09/03/2026		M			10,000	(1)	(1)	Common Stock	16,952	(1)	242,291(1)	D
Warrants	(1)	09/04/2026		M			10,980	(1)	(1)	Common Stock	18,614	(1)	231,311(1)	D
Warrants	(1)	09/11/2026		M			10,000	(1)	(1)	Common Stock	16,952	(1)	221,311(1)	D
Warrants	(1)	09/14/2026		M			5,000	(1)	(1)	Common Stock	8,476	(1)	216,311(1)	D
Warrants	(1)	09/15/2026		M			5,000	(1)	(1)	Common Stock	8,476	(1)	211,311(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 2, 2026 and September 15, 2026, the Reporting Person sold 60,980 Warrants at an exercise price of $1.69527. The Reporting person currently owns 211,311 warrants in the Warrant Distribution which entitles him to 358,229 shares of common stock issuable upon the exercise of the warrants.

	/s/ Eleftherios Papatrifon	09/16/2026
	** 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)