EuroDry (EDRY) vice chair–linked entity sells 996 shares at $20

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

EuroDry Ltd. vice chairman–related entity reports small stock sale. An entity associated with Vice Chairman Aristeidis P. Pittas, Family United Navigation Co., executed open-market sales totaling 996 shares of EuroDry common stock at $20.00 per share on April 14, 2026. After these transactions, 76,713 shares of common stock were reported as indirectly held through this entity. Pittas and his spouse each own a 25% interest in Family United Navigation Co. and have effective control over voting and disposition of its shares, while disclaiming beneficial ownership beyond their respective pecuniary interests.

Insider Trade Summary

Net Seller: 996 shares ($19,920)

Net Sell 2 txns

Insider Pittas Aristeidis P

Role Vice Chairman

Sold 996 shs ($20K)

Type	Security	Shares	Price	Value
Sale	Common stock	498	$20.00	$10K
Sale	Common stock	498	$20.00	$10K

Holdings After Transaction: Common stock — 76,713 shares (Indirect, Family United Navigation Co.)

Footnotes (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. 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: 996 shares Sale price: $20.00 per share Shares held after sale: 76,713 shares +3 more

6 metrics

Shares sold 996 shares Total EuroDry common stock sold on April 14, 2026

Sale price $20.00 per share Open-market sale price for EuroDry common stock

Shares held after sale 76,713 shares Indirect holdings via Family United Navigation Co. after transactions

Total net shares sold 996 shares Net sell direction in transaction summary

Pittas ownership interest 25% interest Interest in Family United Navigation Co. with effective control

Spouse ownership interest 25% interest Spouse’s interest in Family United Navigation Co. with effective control

Key Terms

open-market sale, indirect, beneficial ownership, pecuniary interest

4 terms

open-market sale financial

"executed open-market sales totaling 996 shares of EuroDry common stock"

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 financial

"were reported as indirectly held through Family United Navigation Co."

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.

pecuniary interest financial

"except to the extent of such reporting person's respective pecuniary interest therein"

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 01:55 PM

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)
04/14/2026

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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	04/14/2026		S		498	A	$20	76,713⁽¹⁾	I	Family United Navigation Co.
Common stock	04/14/2026		S		498	A	$20	76,713⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 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	04/15/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did EuroDry (EDRY) disclose in this Form 4?

EuroDry disclosed that an entity associated with Vice Chairman Aristeidis P. Pittas, Family United Navigation Co., sold 996 shares of common stock in open-market transactions at $20.00 per share on April 14, 2026, according to the Form 4 filing.

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

The filing reports total sales of 996 EuroDry common shares at $20.00 per share. These transactions were coded as open-market sales, indicating they occurred through standard market trading rather than as part of an option exercise or other derivative-related activity.

What are the post-transaction holdings reported for the EuroDry (EDRY) insider entity?

After the sales, 76,713 EuroDry common shares were reported as indirectly held through Family United Navigation Co. This figure reflects the remaining position associated with the reporting structure following the 996-share open-market disposition on April 14, 2026.

How is Vice Chairman Aristeidis P. Pittas connected to the sold EuroDry (EDRY) shares?

The shares are held by Family United Navigation Co., where Aristeidis P. Pittas owns a 25% interest and has effective control over voting and disposition. He disclaims beneficial ownership beyond his pecuniary interest, as detailed in the Form 4 footnotes.

What role does the spouse of the EuroDry (EDRY) vice chairman play in this holding?

The filing notes that the reporting person’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 likewise disclaiming beneficial ownership beyond their respective pecuniary interests.

Is this EuroDry (EDRY) insider transaction a direct or indirect holding?

The transaction is reported as an indirect holding, coded with ownership type "I". The common stock is owned by Family United Navigation Co., rather than directly by Aristeidis P. Pittas, with both he and his spouse holding 25% interests in that entity.