EuroDry Ltd. (EDRY) director logs indirect sale of 500 common shares via family entity
Rhea-AI Filing Summary
EuroDry Ltd. director Pittas Aristeidis P reported two indirect open-market sales of common stock on 2026-08-10. An entity associated with him, Family United Navigation Co., sold 500 shares in total at $37.803 per share. The reporting person disclaims beneficial ownership beyond his pecuniary interest in that entity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 500 shares
Net Sell
2 txns
Insider
Pittas Aristeidis P
Role
Director
Sold
500 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock F1 | 250 | $37.803 | $9K |
| Sale | Common stock F2 | 250 | $37.803 | $9K |
Holdings After Transaction:
Common stock — 76,463 shares (Indirect, Family United Navigation Co.)
Footnotes (2)
- 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.
- F2. The Reporting person's spouse owns 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 (transaction 1): 250 shares
Shares sold (transaction 2): 250 shares
Total shares sold: 500 shares
+3 more
6 metrics
Shares sold (transaction 1)
250 shares
Indirect sale of common stock on 2026-08-10 linked to footnote F1
Shares sold (transaction 2)
250 shares
Indirect sale of common stock on 2026-08-10 linked to footnote F2
Total shares sold
500 shares
Sum of two indirect open-market or private sales reported in the filing
Sale price per share
$37.803
Reported transaction price per share for both sales on 2026-08-10
Ownership interest in entity
25%
Reporting person’s interest in Family United Navigation Co. referenced in footnote F1
Spouse ownership interest
25%
Spouse’s interest in Family United Navigation Co. referenced in footnote F2
Key Terms
beneficial ownership, pecuniary interest, indirect ownership, Section 16, +1 more
5 terms
beneficial ownership financial
"The Reporting Person 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.
pecuniary interest financial
"except to the extent of such reporting person's respective pecuniary interest therein"
indirect ownership financial
"All reported sales involved indirect ownership through Family United Navigation Co."
Section 16 regulatory
"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.
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
What insider transaction did EuroDry Ltd. (EDRY) report on this Form 4?
EuroDry Ltd. director Pittas Aristeidis P reported two indirect open-market sales of common stock on 2026-08-10, totaling 500 shares executed through Family United Navigation Co., an entity associated with him and his spouse.
Were these EuroDry (EDRY) insider sales under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not marked as affirming a trading plan, and the footnotes do not reference Rule 10b5-1. The transactions are reported simply as open-market or private sales by an affiliated entity.
AI-generated analysis. How Rhea-AI works. Not financial advice.