EuroDry Ltd. (NASDAQ: EDRY) insider entity sells 250 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EuroDry Ltd. director Pittas Aristeidis P., through affiliated entity Family United Navigation Co., reported an open-market sale of 250 shares of common stock at $23.45 per share on July 14, 2026. After this transaction, the affiliate holds 77,417 shares indirectly attributed to him; he owns a 25% interest and has effective control over voting and disposition, while disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 250 shares ($5,863)
Net Sell
1 txn
Insider
Pittas Aristeidis P
Role
Director
Sold
250 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 250 | $23.45 | $6K |
Holdings After Transaction:
Common stock — 77,417 shares (Indirect, Family United Navigation Co.)
Footnotes (1)
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Key Figures
Shares sold: 250 shares
Sale price: $23.45 per share
Post-transaction holdings: 77,417 shares
+1 more
4 metrics
Shares sold
250 shares
Open-market sale of common stock on July 14, 2026
Sale price
$23.45 per share
Price received per EuroDry common share sold
Post-transaction holdings
77,417 shares
Indirect shares held by Family United Navigation Co. after the sale
Ownership interest in entity
25%
Director’s interest in Family United Navigation Co., which holds the shares
Key Terms
effective control, pecuniary interest, beneficial ownership, Section 16
4 terms
effective control financial
"owns a 25% interest and has effective control over voting and disposition"
pecuniary interest financial
"except to the extent of such reporting person's respective pecuniary interest"
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
Who executed the insider sale disclosed for EuroDry (EDRY)?
The transaction was executed by Family United Navigation Co., an entity affiliated with EuroDry director Pittas Aristeidis P.. He owns a 25% interest in this entity and has effective control over voting and disposition of the shares it holds.
What are the remaining indirect holdings after the EuroDry (EDRY) sale?
Following the sale, Family United Navigation Co. continues to hold 77,417 EuroDry common shares. These shares are reported as indirectly owned by director Pittas Aristeidis P. through the affiliated entity, reflecting his economic interest and control relationships.
How is beneficial ownership described for the EuroDry (EDRY) insider?
The director disclaims beneficial ownership of the shares held by Family United Navigation Co. beyond his pecuniary interest. The report states that including these shares should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.
Is the EuroDry (EDRY) transaction a direct or indirect holding change?
The reported transaction affects indirect ownership. The 250 shares sold and the remaining 77,417 shares are held through Family United Navigation Co., with the nature of ownership classified as indirect rather than directly held by the director personally.