EuroDry director sells 3,450 shares on Aug. 25
Rhea-AI Filing Summary
EuroDry Ltd. (EDRY) director Aristeidis P. Pittas reported multiple sales of common stock on August 25, 2026. The filing lists open-market or private sales totaling 3,450 shares, including indirect transactions through Family United Navigation Co. and direct holdings. Footnotes state that Pittas and his spouse each own a 25% interest in Family United Navigation Co., have effective control over its shares, and that beneficial ownership of those securities is disclaimed except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,450 shares
Net Sell
5 txns
Insider
Pittas Aristeidis P
Role
Director
Sold
3,450 shs ($176K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock F1 | 250 | $52.12 | $13K |
| Sale | Common stock F2 | 250 | $52.12 | $13K |
| Sale | Common stock | 1,000 | $48.82 | $49K |
| Sale | Common stock | 950 | $52.12 | $50K |
| Sale | Common stock | 1,000 | $51.40 | $51K |
Holdings After Transaction:
Common stock — 75,663 shares (Indirect, Family United Navigation Co.);
Common stock — 33,020 shares (Direct)
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
Total shares sold: 3,450 shares
Indirect sale via Family United Navigation Co.: 250 shares at $52.12 per share
Second indirect sale via Family United Navigation Co.: 250 shares at $52.12 per share
+5 more
8 metrics
Total shares sold
3,450 shares
Aggregate non-derivative common stock sales reported for August 25, 2026
Indirect sale via Family United Navigation Co.
250 shares at $52.12 per share
Non-derivative common stock, indirect ownership through Family United Navigation Co., transaction with footnote F1
Second indirect sale via Family United Navigation Co.
250 shares at $52.12 per share
Non-derivative common stock, indirect ownership through Family United Navigation Co., transaction with footnote F2
Direct sale 1
1,000 shares at $48.82 per share
Non-derivative common stock sale reported on August 25, 2026
Direct sale 2
950 shares at $52.12 per share
Non-derivative common stock sale reported on August 25, 2026
Direct sale 3
1,000 shares at $51.40 per share
Non-derivative common stock sale reported on August 25, 2026
Reporting person interest in Family United Navigation Co.
25% interest
Footnote states Pittas owns a 25% interest and has effective control over voting and disposition
Spouse interest in Family United Navigation Co.
25% interest
Footnote states the reporting person’s spouse owns a 25% interest and has effective control
Key Terms
beneficial ownership, pecuniary interest, effective control over voting and disposition, Family United Navigation Co., +1 more
5 terms
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of the securities held by Family United"
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
"disclaims beneficial ownership ... except to the extent of such reporting person's respective pecuniary"
effective control over voting and disposition regulatory
"owns a 25% interest and has effective control over voting and disposition of the shares"
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
What insider transactions did EDRY director Aristeidis P. Pittas report on this Form 4?
He reported five sales of EuroDry Ltd. common stock on August 25, 2026, classified as open-market or private transactions, with an aggregate of 3,450 shares sold across both direct holdings and indirect holdings through Family United Navigation Co.
Were the EDRY insider sales reported as part of a Rule 10b5-1 trading plan?
The document-level indicator shows the Rule 10b5-1 checkbox as not affirmed (false). The footnotes describing these transactions do not state that they were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
