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  4. [Form 3] EuroDry Ltd. Initial Statement of Beneficial Ownership

EuroDry Ltd. (EDRY) director reports direct and indirect stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

EuroDry Ltd. director George Taniskidis has reported his initial ownership of the company’s common stock. The filing shows 4,200 shares held directly, including 2,100 unvested incentive stock awards. These unvested awards vest in three blocks of 700 shares on July 1, 2026, November 13, 2026 and July 1, 2027.

He is also reported as having indirect ownership of 4,247 shares of common stock through Friends Dry Investment Ltd. The filing states that the reporting person disclaims beneficial ownership of all reported shares except to the extent of his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Taniskidis George
Role Director
Type Security Shares Price Value
holding Common stock -- -- --
holding Common stock -- -- --
Holdings After Transaction: Common stock — 4,200 shares (Direct); Common stock — 4,247 shares (Indirect, Friends Dry Investment Ltd.)
Footnotes (1)
  1. Includes 2,100 shares of unvested incentive stock awards, of which 700 will vest on July 1, 2026, 700 shares will vest onNovember 13, 2026 and 700 shares will vest on July 1, 2027. The Reporting Person disclaims beneficial ownership of all the shares reported in this Form 3 except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
Direct common shares 4,200 shares Shares of EuroDry common stock held directly by George Taniskidis
Indirect common shares 4,247 shares EuroDry common stock held indirectly via Friends Dry Investment Ltd.
Unvested incentive stock awards 2,100 shares Unvested awards included in direct holdings, vesting in three 700-share tranches
Vesting tranche size 700 shares Each of three vesting dates: July 1, 2026; November 13, 2026; July 1, 2027
unvested incentive stock awards financial
"Includes 2,100 shares of unvested incentive stock awards, of which 700 will vest"
beneficial ownership financial
"disclaims beneficial ownership of all the shares reported in this Form 3"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of such reporting person's respective pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Taniskidis George
(Last)(First)(Middle)
4 MESSOGEIOU & EVROPIS STREET
(Street)
MAROUSSI151 24
(City)(State)(Zip)
GREECE
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026		3. Issuer Name and Ticker or Trading Symbol
EuroDry Ltd. [ EDRY ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock(1)4,200D
Common stock(2)4,247IFriends Dry Investment Ltd.
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 2,100 shares of unvested incentive stock awards, of which 700 will vest on July 1, 2026, 700 shares will vest onNovember 13, 2026 and 700 shares will vest on July 1, 2027.
2. The Reporting Person disclaims beneficial ownership of all the shares reported in this Form 3 except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
George Taniskidis04/07/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the EuroDry Ltd. (EDRY) Form 3 filing show for George Taniskidis?

The Form 3 shows director George Taniskidis’ initial ownership in EuroDry common stock. It reports 4,200 shares held directly and 4,247 shares held indirectly through Friends Dry Investment Ltd., establishing his baseline position as an insider subject to Section 16 reporting rules.

How many EuroDry (EDRY) shares does George Taniskidis hold directly and indirectly?

George Taniskidis is reported as holding 4,200 EuroDry common shares directly and 4,247 shares indirectly via Friends Dry Investment Ltd. This distinction clarifies which shares are personally registered to him and which are held through an affiliated entity.

What unvested incentive stock awards are disclosed for EuroDry (EDRY) director George Taniskidis?

The filing states that 2,100 of his directly reported EuroDry shares are unvested incentive stock awards. These awards vest in three equal tranches of 700 shares on July 1, 2026, November 13, 2026 and July 1, 2027, subject to applicable conditions.

How does the EuroDry (EDRY) filing describe George Taniskidis’ beneficial ownership?

The filing explains that Taniskidis disclaims beneficial ownership of all reported EuroDry shares except to the extent of his pecuniary interest. This means he recognizes economic interest in the shares but does not concede full beneficial ownership for Section 16 or other legal purposes.

What is Friends Dry Investment Ltd.’s role in the EuroDry (EDRY) Form 3?

Friends Dry Investment Ltd. is identified as the entity through which 4,247 EuroDry common shares are held indirectly for George Taniskidis. This clarifies that part of his reported position is held via a separate investment vehicle rather than in his own name.