EuroDry vice chairman files initial share holdings
EuroDry Ltd. director and vice chairman Aristeidis P. Pittas filed an initial Form 3 reporting his beneficial ownership of the company’s common stock.
Rhea-AI Filing Summary
EuroDry Ltd. director and vice chairman Aristeidis P. Pittas filed an initial Form 3 reporting his beneficial ownership of the company’s common stock. He lists 35,970 shares held directly, including 4,650 unvested incentive stock awards that vest in stages through July 1, 2027.
He also reports additional indirect holdings through entities such as Friends Dry Investment Ltd. and Family United Navigation Co., and shares owned by his spouse. He disclaims beneficial ownership of all reported shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Pittas Aristeidis P
Role
Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 35,970 shares (Direct);
Common stock — 44,030 shares (Indirect, Friends Dry Investment Ltd.);
Common stock — 77,563 shares (Indirect, Family United Navigation Co.);
Common stock — 99,584 shares (Indirect, Shares owned by wife through Family United Navigation Co. and Friends Investment Ltd.)
Footnotes (4)
- F1. Includes 4,650 shares of unvested incentive stock awards, of which 1,550 will vest on July 1, 2026, 1,550 shares will vest onNovember 13, 2026 and 1,550 shares will vest on July 1, 2027.
- F2. 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.
- F3. 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.
- F4. 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.
Key Figures
Direct common shares: 35,970 shares
Unvested incentive awards: 4,650 shares
Vesting tranche 1: 1,550 shares
+5 more
8 metrics
Direct common shares
35,970 shares
Directly held EuroDry common stock reported on Form 3
Unvested incentive awards
4,650 shares
Included in direct holdings; unvested incentive stock awards
Vesting tranche 1
1,550 shares
Unvested incentive stock awards vesting on July 1, 2026
Vesting tranche 2
1,550 shares
Unvested incentive stock awards vesting on November 13, 2026
Vesting tranche 3
1,550 shares
Unvested incentive stock awards vesting on July 1, 2027
Indirect holding – Friends Dry Investment Ltd.
44,030 shares
Total common shares reported as indirectly held through Friends Dry Investment Ltd.
Indirect holding – Family United Navigation Co.
77,563 shares
Total common shares reported as indirectly held through Family United Navigation Co.
Indirect holding – spouse-related entities
99,584 shares
Common shares owned by wife through Family United Navigation Co. and Friends Investment Ltd.
Key Terms
unvested incentive stock awards, beneficial ownership, pecuniary interest, Section 16, +1 more
5 terms
unvested incentive stock awards financial
"Includes 4,650 shares of unvested incentive stock awards, of which 1,550 will vest..."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of all the shares reported..."
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.
indirect ownership financial
"nature_of_ownership: Friends Dry Investment Ltd. and Family United Navigation Co."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does EuroDry (EDRY) vice chairman Aristeidis P. Pittas report on his Form 3?
He reports his initial beneficial ownership of EuroDry common stock. This includes 35,970 shares held directly and additional indirect holdings through related entities and his spouse, with beneficial ownership disclaimed except for his actual pecuniary interest in the reported shares.
What unvested incentive stock awards are disclosed for EuroDry (EDRY) vice chairman Pittas?
He includes 4,650 unvested incentive stock awards in his direct holdings. These awards vest in three tranches of 1,550 shares each on July 1, 2026, November 13, 2026, and July 1, 2027, reflecting time-based vesting over multiple future dates.
What indirect EuroDry (EDRY) holdings does Aristeidis P. Pittas report on Form 3?
He reports indirect common share holdings through Friends Dry Investment Ltd., Family United Navigation Co., and shares owned by his wife through those entities. These positions are reported for Section 16 purposes, with beneficial ownership disclaimed beyond his pecuniary interest.
Is EuroDry (EDRY) Form 3 for Pittas a transaction report or an initial ownership statement?
It is an initial ownership statement under Section 16. The entries are classified as holdings, not buy or sell transactions, and show direct and indirect positions as of the reporting date rather than new market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
