Diana Shipping president exercises 1M warrants
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
DIANA SHIPPING INC. (DSX) reports that its president and director, Ioannis Zafirakis, through entity Abra Marinvest Inc., exercised 1,000,000 warrants on September 10, 2026, at an exercise price of $1.69527, receiving 1,695,270 shares of Common Stock and eliminating his warrants from the prior Warrant Distribution. Indirect holdings after this exercise total 4,948,678 Common Shares, including 1,823,780 unvested shares awarded under the 2014 Equity Incentive Plan; no Rule 10b5-1 plan is reported.
Insider Trade Summary
1,000,000 shares exercised/converted
Exercise
2 txns
Insider
Zafirakis Ioannis
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Warrants F2 | 1,000,000 | -- | -- |
| Exercise | Common Stock, $0.01 par value per share F2, F1 | 1,695,270 | -- | -- |
Holdings After Transaction:
Warrants — 0 contracts (Indirect, See footnote);
Common Stock, $0.01 par value per share — 4,948,678 shares (Indirect, See footnote)
Holdings Before and After:
Warrants, 1,000,000 to 0 contracts (Indirect, See footnote);
Common Stock, $0.01 par value per share, 3,253,408 to 4,948,678 shares (Indirect, See footnote)
Footnotes (2)
- F1. The shares are held by the Reporting Person indirectly through Abra Marinvest Inc. ("Abra") as the result of his ability to control the vote and disposition of Abra. This amount includes 1,823,780 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 10, 2026, the Reporting Person exercised 1,000,000 Warrants at an exercise price of $1.69527, resulting in the issuance of 1,695,270 shares of Common Stock. The Reporting person no longer owns any warrants issued to it through the Warrant Distribution.
Key Figures
Warrants exercised: 1,000,000 warrants
Shares issued upon exercise: 1,695,270 shares
Exercise price: $1.69527 per share
+4 more
7 metrics
Warrants exercised
1,000,000 warrants
Exercised by the reporting person on September 10, 2026
Shares issued upon exercise
1,695,270 shares
Common Stock received from exercising 1,000,000 warrants
Exercise price
$1.69527 per share
Exercise price of warrants exercised on September 10, 2026
Indirect holdings after transaction
4,948,678 shares
Common Stock indirectly held through Abra Marinvest Inc. after exercise
Unvested equity awards included in holdings
1,823,780 shares
Unvested shares awarded under the 2014 Equity Incentive Plan
Remaining warrants from Warrant Distribution
0 warrants
Reporting person no longer owns any warrants from the December 14, 2023 Warrant Distribution
Warrant Distribution ratio
0.2 warrant per share
One-fifth of a warrant for each issued and outstanding Common Share on December 14, 2023
Key Terms
Warrant Distribution, exercise price, Common Stock, Equity Incentive Plan, +1 more
5 terms
Warrant Distribution financial
"On December 14, 2023, the Issuer distributed a dividend to all shareholders"
exercise price financial
"exercised 1,000,000 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.
Common Stock financial
"resulting in the issuance of 1,695,270 shares of Common Stock"
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.
Equity Incentive Plan financial
"shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
unvested financial
"1,823,780 shares awarded ... which are currently unvested"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DIANA SHIPPING INC. (DSX) disclose for September 10, 2026?
On September 10, 2026, president and director Ioannis Zafirakis, via Abra Marinvest Inc., exercised 1,000,000 warrants at an exercise price of $1.69527 each, resulting in the issuance of 1,695,270 shares of Common Stock.
What was the exercise price of the DIANA SHIPPING INC. (DSX) warrants exercised on September 10, 2026?
The reporting person exercised 1,000,000 warrants at an exercise price of $1.69527 per share, resulting in the issuance of 1,695,270 shares of Common Stock to the affiliated entity Abra Marinvest Inc.
Does the DIANA SHIPPING INC. (DSX) Form 4 indicate any remaining warrants from the Warrant Distribution?
No. The filing states that after exercising 1,000,000 warrants on September 10, 2026, the reporting person no longer owns any warrants issued to it through the December 14, 2023 Warrant Distribution.
How did the reporting person originally receive the DIANA SHIPPING INC. (DSX) warrants?
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.
