Diana Shipping director exercises 704K warrants

Q: How many DSX warrants did Anastasios Margaronis exercise?

Anastasios Margaronis indirectly exercised 703,886 warrants through Anamar Investments Inc. on September 29, 2026, at $1.69527 per warrant, resulting in the issuance of 1,193,276 common shares.

After the exercise, Anamar held no warrants issued to it through Diana Shipping's Warrant Distribution.

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Rhea-AI Filing Summary

Diana Shipping Inc. director Anastasios Margaronis reported an indirect exercise through Anamar Investments Inc. of 703,886 warrants on September 29, 2026, at an exercise price of $1.69527 per warrant, resulting in the issuance of 1,193,276 common shares. His reported post-transaction indirect holding was 9,851,998 shares, including 808,408 unvested shares awarded under the company's 2014 Equity Incentive Plan.

Insider Trade Summary

703,886 shares exercised/converted

Exercise 2 txns

Insider Margaronis Anastasios

Role Director

Type	Security	Shares	Price	Value
Exercise	Warrants ^{F2, F1}	703,886	--	--
Exercise	Common Stock, $0.01 par value per share ^{F2, F1}	1,193,276	--	--

Holdings After Transaction: Warrants — 0 contracts (Indirect, See footnote); Common Stock, $0.01 par value per share — 9,851,998 shares (Indirect, See footnote)

Footnotes (2)

F1. The shares are held by the Reporting Person indirectly through Anamar Investments Inc. ("Anamar") as the result of his ability to control the vote and disposition of Anamar. This amount includes 808,408 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.
F2. 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. On September 29, 2026, the Reporting Person exercised 703,886 Warrants at an exercise price of $1.69527 resulting in the issuance of 1,193,276 shares of Common Stock. The Reporting person no longer owns any warrants through Anamar issued to it through the Warrant Distribution.

Key Figures

Warrants exercised: 703,886 warrants Exercise price: $1.69527 per warrant Common shares issued: 1,193,276 shares +2 more

5 metrics

Warrants exercised 703,886 warrants September 29, 2026

Exercise price $1.69527 per warrant Warrant exercise on September 29, 2026

Common shares issued 1,193,276 shares Result of the warrant exercise on September 29, 2026

Indirect shares after transaction 9,851,998 shares Held through Anamar Investments Inc. after the transaction

Unvested equity-plan shares 808,408 shares Included in the reported indirect holding; awarded under the 2014 Equity Incentive Plan

Key Terms

exercise price, Warrant Distribution, 2014 Equity Incentive Plan, unvested

4 terms

exercise price financial

"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.

Warrant Distribution financial

"the "Warrant Distribution""

2014 Equity Incentive Plan financial

"pursuant to the Issuer's 2014 Equity Incentive Plan"

unvested financial

"which are currently unvested"

FAQ

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

How many DSX warrants did Anastasios Margaronis exercise?

Anastasios Margaronis indirectly exercised 703,886 warrants through Anamar Investments Inc. on September 29, 2026, at $1.69527 per warrant, resulting in the issuance of 1,193,276 common shares.

Does Anastasios Margaronis still hold DSX warrants from the Warrant Distribution?

No warrants issued to Anamar Investments Inc. through Diana Shipping's Warrant Distribution remained held through Anamar after the exercise.

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

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Available on EDGAR 09/30/2026 - 05:02 PM Accepted by SEC EDGAR 09/30/2026 - 05:02 PM

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^*

Margaronis Anastasios

(Last)

(First)

(Middle)

PENDELIS 16

PALAIO FALIRO

(Street)

ATHENS

175 64

(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)
09/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.01 par value per share	09/29/2026		M		1,193,276⁽²⁾	A	⁽²⁾	9,851,998⁽¹⁾	I	See footnote⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrants	⁽²⁾	09/29/2026		M			703,886	⁽²⁾	⁽²⁾	Common Stock	1,193,276⁽²⁾	⁽²⁾	0	I	See footnote⁽¹⁾

Explanation of Responses:

1. The shares are held by the Reporting Person indirectly through Anamar Investments Inc. ("Anamar") as the result of his ability to control the vote and disposition of Anamar. This amount includes 808,408 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. On September 29, 2026, the Reporting Person exercised 703,886 Warrants at an exercise price of $1.69527 resulting in the issuance of 1,193,276 shares of Common Stock. The Reporting person no longer owns any warrants through Anamar issued to it through the Warrant Distribution.

	/s/ Anastasios Margaronis	09/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR