Entity linked to EuroDry vice chair sells 704 shares

EuroDry Ltd. insider reporting shows that Family United Navigation Co., an entity associated with vice chairman Aristeidis P. Pittas, executed open-market sales of common stock.

Accepted by SEC EDGAR 04/10/2026 - 12:33 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

EuroDry Ltd. insider reporting shows that Family United Navigation Co., an entity associated with vice chairman Aristeidis P. Pittas, executed open-market sales of common stock. The entity sold a total of 704 shares at $20.10 per share and now holds 77,211 shares indirectly. Pittas owns a 25% interest and has effective control over voting and disposition of Family United Navigation’s shares but expressly disclaims beneficial ownership beyond his pecuniary interest, as does his spouse, who also owns a 25% interest.

Insider Trade Summary

Net Seller: 704 shares

Net Sell 2 txns

Insider Pittas Aristeidis P

Role Vice Chairman

Sold 704 shs ($14K)

Type	Security	Shares	Price	Value
Sale	Common stock	352	$20.10	$7K
Sale	Common stock	352	$20.10	$7K

Holdings After Transaction: Common stock — 77,211 shares (Indirect, Family United Navigation Co.)

Footnotes (2)

1. F1. The Reporting Person owns a 25% interest and has effective control over voting and disposition of the shares owned by Family United Navigation Co. The Reporting Person disclaims beneficial ownership of the securities held by Family United Navigation Co. 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 the reported shares for purposes of Section 16 or for any other purpose
2. F2. The Reporting Person's spouse owns a 25% interest and has effective control over voting and disposition of the shares owned by Family United Navigation Co. The Reporting Person disclaims beneficial ownership of the securities held by Family United Navigation Co. 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 the reported shares for purposes of Section 16 or for any other purpose

Key Figures

Shares sold: 704 shares Sale price per share: $20.10 per share Shares remaining indirectly: 77,211 shares +2 more

5 metrics

Shares sold 704 shares Total common stock sold in two open-market trades

Sale price per share $20.10 per share Price for each common share sold on April 8, 2026

Shares remaining indirectly 77,211 shares Family United Navigation Co. holdings after the sales

Reporting person interest 25% interest Pittas’s ownership stake in Family United Navigation Co.

Spouse’s interest 25% interest Spouse’s ownership stake in Family United Navigation Co.

Key Terms

open-market sale, indirect ownership, pecuniary interest, beneficial ownership, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type: "indirect" with nature_of_ownership: "Family United Navigation Co.""

pecuniary interest financial

"disclaims beneficial ownership ... except to the extent of such reporting person's respective pecuniary interest therein"

beneficial ownership financial

"disclaims beneficial ownership of the securities held by Family United Navigation Co."

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.

Section 16 regulatory

"shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16"

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.

FAQ

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

What insider transaction did EuroDry (EDRY) report in this Form 4/A?

EuroDry reported that Family United Navigation Co., an entity associated with vice chairman Aristeidis P. Pittas, sold 704 shares of common stock in open-market transactions at $20.10 per share, while continuing to hold a sizeable indirect position after the sales.

Who actually sold EuroDry (EDRY) shares in the reported transaction?

The sales were made by Family United Navigation Co., not directly by Aristeidis P. Pittas. The filing explains that this entity holds EuroDry shares, and the transactions reflect its open-market sales, which are reported because of Pittas’s relationship and interest in the entity.

How many EuroDry (EDRY) shares were sold and at what price?

Family United Navigation Co. sold a total of 704 EuroDry common shares in two identical open-market transactions. Each transaction involved 352 shares at a price of $20.10 per share, according to the Form 4/A insider trading disclosure filed with regulators.

How many EuroDry (EDRY) shares remain after the reported sales?

After the open-market sales, Family United Navigation Co. is shown as holding 77,211 EuroDry common shares indirectly. This figure in the Form 4/A reflects the entity’s remaining position following the 704 shares sold, providing context for the relatively small transaction size.

What is Aristeidis P. Pittas’s interest in Family United Navigation Co. holding EuroDry (EDRY) shares?

The filing states that Aristeidis P. Pittas owns a 25% interest in Family United Navigation Co. and has effective control over voting and disposition of its EuroDry shares. However, he disclaims beneficial ownership beyond his pecuniary interest in those securities.

How is Pittas’s spouse involved in the EuroDry (EDRY) shareholding entity?

According to the Form 4/A footnotes, Pittas’s spouse also owns a 25% interest in Family United Navigation Co. and has effective control over voting and disposition of its EuroDry shares, while similarly disclaiming beneficial ownership beyond the spouse’s pecuniary interest in those securities.

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

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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^*

Pittas Aristeidis P

(Last) (First) (Middle)

4 MESSOGEIOU & EVROPIS STREET

(Street)

MAROUSSI 151 24

(City) (State) (Zip)

GREECE

(Country)

2. Issuer Name and Ticker or Trading Symbol
EuroDry Ltd. [ EDRY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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)
04/09/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common stock	04/08/2026		S		352	A	$20.1	77,211(1)	I	Family United Navigation Co.
Common stock	04/08/2026		S		352	A	$20.1	77,211(2)	I	Family United Navigation Co.

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person owns a 25% interest and has effective control over voting and disposition of the shares owned by Family United Navigation Co. The Reporting Person disclaims beneficial ownership of the securities held by Family United Navigation Co. 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 the reported shares for purposes of Section 16 or for any other purpose

2. The Reporting Person's spouse owns a 25% interest and has effective control over voting and disposition of the shares owned by Family United Navigation Co. The Reporting Person disclaims beneficial ownership of the securities held by Family United Navigation Co. 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 the reported shares for purposes of Section 16 or for any other purpose

	Aristides P. Pittas	04/10/2026
	** 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)