Diana Shipping: Palios exercises 376K warrants

Q: How many DSX warrants did Symeon Palios exercise?

Limon Compania Financiera S.A. exercised 376,216 warrants held indirectly by Diana Shipping Inc. director Symeon Palios on November 10, 2026, at $4.00 per warrant, resulting in 637,787 common shares.

Q: What was the DSX warrant exercise ratio?

The warrants were exercised at a ratio of 1.69527 common shares per warrant, including the applicable Bonus Share Fraction.

The exercise ratio was 1.69527 common shares per warrant, including the applicable Bonus Share Fraction.

Available on EDGAR 11/12/2026 - 08:53 AM EST Accepted by SEC EDGAR 11/12/2026 - 08:53 AM EST

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Rhea-AI Filing Summary

Limon Compania Financiera S.A. exercised 376,216 warrants held indirectly by Diana Shipping Inc. director Symeon Palios on November 10, 2026, at $4.00 per warrant, resulting in the issuance of 637,787 common shares. Palios’s reported indirect common-stock holdings through Limon were 7,163,135 shares after the transaction, including 2,051,912 unvested shares awarded under the issuer’s 2014 Equity Incentive Plan. Limon no longer held warrants from the Warrant Distribution.

Insider Trade Summary

376,216 shares exercised/converted

Exercise 2 txns

Insider Palios Symeon

Role Director

Type	Security	Shares	Price	Value
Exercise	Warrants ^{F2, F1}	376,216	--	--
Exercise	Common Stock, $0.01 par value per share ^{F2, F1}	637,787	--	--

Holdings After Transaction: Warrants — 0 warrants (Indirect, See footnote); Common Stock, $0.01 par value per share — 7,163,135 shares (Indirect, See footnote)

Holdings Before and After: Warrants, 376,216 to 0 warrants (Indirect, See footnote); Common Stock, $0.01 par value per share, 6,525,348 to 7,163,135 shares (Indirect, See footnote)

Footnotes (2)

F1. The shares are held by the Reporting Person indirectly through Limon Compania Financiera S.A. ("Limon") as the result of his ability to control the vote and disposition of Limon. This amount Includes 2,051,912 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 November 10, 2026, the Reporting Person exercised 376,216 Warrants at an exercise price of $4.00 per Warrant, resulting in the issuance of 637,787 shares of Common Stock, based on an exercise ratio of 1.69527 Common Shares per Warrant, including the applicable Bonus Share Fraction. The Reporting person no longer owns any warrants through Limon in the Warrant Distribution.

Key Figures

Warrants exercised: 376,216 warrants Exercise price: $4.00 per warrant Common shares issued: 637,787 shares +3 more

6 metrics

Warrants exercised 376,216 warrants November 10, 2026; held indirectly through Limon Compania Financiera S.A.

Exercise price $4.00 per warrant Warrant exercise on November 10, 2026

Common shares issued 637,787 shares Issued upon exercise on November 10, 2026

Indirect common-stock holdings after transaction 7,163,135 shares Symeon Palios's reported holdings through Limon

Unvested awarded shares 2,051,912 shares Included in the reported indirect holdings; awarded under the 2014 Equity Incentive Plan

Warrants remaining through Limon 0 warrants Warrants from the Warrant Distribution

Key Terms

Warrant Distribution, exercise ratio, Bonus Share Fraction, unvested

4 terms

Warrant Distribution financial

"as a result of the Warrant Distribution"

exercise ratio financial

"based on an exercise ratio of 1.69527 Common Shares per Warrant"

unvested financial

"shares ... which are currently unvested"

FAQ

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

How many DSX warrants did Symeon Palios exercise?

Limon Compania Financiera S.A. exercised 376,216 warrants held indirectly by Diana Shipping Inc. director Symeon Palios on November 10, 2026, at $4.00 per warrant, resulting in 637,787 common shares.

What was the DSX warrant exercise ratio?

The warrants were exercised at a ratio of 1.69527 common shares per warrant, including the applicable Bonus Share Fraction.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Palios Symeon

(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)
11/10/2026

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	11/10/2026		M		637,787⁽²⁾	A	⁽²⁾	7,163,135⁽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⁾	11/10/2026		M			376,216	⁽²⁾	⁽²⁾	Common Stock	637,787⁽²⁾	⁽²⁾	0	I	See footnote⁽¹⁾

Explanation of Responses:

1. The shares are held by the Reporting Person indirectly through Limon Compania Financiera S.A. ("Limon") as the result of his ability to control the vote and disposition of Limon. This amount Includes 2,051,912 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 November 10, 2026, the Reporting Person exercised 376,216 Warrants at an exercise price of $4.00 per Warrant, resulting in the issuance of 637,787 shares of Common Stock, based on an exercise ratio of 1.69527 Common Shares per Warrant, including the applicable Bonus Share Fraction. The Reporting person no longer owns any warrants through Limon in the Warrant Distribution.

	/s/ Symeon Palios	11/12/2026
	** 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