Euroseas (ESEA) vice chair details direct and indirect share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
EUROSEAS LTD. vice chairman Aristeidis P. Pittas filed an initial Form 3 reporting his common stock positions. He reports 22,898 shares held directly, including 4,650 unvested incentive stock awards that are scheduled to vest in portions on July 1, 2026, November 13, 2026 and July 1, 2027. Additional common shares are reported as held indirectly through entities including Friends Investment Company Inc., Containers Shareholders Trinity Ltd. and Family United Ltd., as well as shares owned by his wife. The filing states he disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Pittas Aristeidis P
Role
Vice Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 22,898 shares (Direct);
Common stock — 9,972 shares (Indirect, Friends Investment Ltd.)
Footnotes (1)
- Includes 4,650 shares of unvested incentive stock awards, of which 1,550 will vest on July 1, 2026, 1,550 shares will vest on November 13, 2026 and 1,550 shares will vest on July 1, 2027. Includes 9,972 shares of common stock held of record by Friends Investment Company Inc. by virtue of ownership interest in the above entities. The reporting person disclaims beneficial ownership in this Form 3, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for other purposes. The reporting person disclaims beneficial ownership in this Form 3, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for other purposes. The reporting person disclaims beneficial ownership in this Form 3, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for other purposes. The reporting person disclaims beneficial ownership in this Form 3, except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for other purposes.
Key Figures
Direct common stock: 22,898 shares
Unvested incentive awards: 4,650 shares
Vesting tranche size: 1,550 shares
+4 more
7 metrics
Direct common stock
22,898 shares
Total shares held directly following reported holdings
Unvested incentive awards
4,650 shares
Unvested awards included in direct holdings
Vesting tranche size
1,550 shares
Each tranche vesting on Jul 1 2026, Nov 13 2026, Jul 1 2027
Indirect via Friends Investment
9,972 shares
Common stock held of record by Friends Investment Company Inc.
Indirect via Containers Shareholders Trinity
294,469 shares
Common stock reported as indirectly held
Indirect via Family United
58,050 shares
Common stock reported as indirectly held
Spouse-related indirect shares
71,477 shares
Shares owned by wife through Family United and Friends Investment Ltd.
Key Terms
Form 3, unvested incentive stock awards, beneficial ownership, pecuniary interest, +2 more
6 terms
Form 3 financial
"The vice chairman filed an initial Form 3 reporting his common stock positions."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
unvested incentive stock awards financial
"Includes 4,650 shares of unvested incentive stock awards, of which 1,550 will vest..."
beneficial ownership financial
"The reporting person disclaims beneficial ownership in this Form 3, except to the extent of his pecuniary interest..."
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 his pecuniary interest therein, and the inclusion of these shares in this report..."
Friends Investment Company Inc. financial
"Includes 9,972 shares of common stock held of record by Friends Investment Company Inc."
FAQ
What does Euroseas (ESEA) vice chairman report in this Form 3?
The vice chairman reports his initial holdings of Euroseas common stock, including direct shares, unvested incentive stock awards, and indirect positions held through several related entities and his spouse, while formally disclaiming beneficial ownership beyond his pecuniary interest.
What unvested incentive stock awards are disclosed for Euroseas (ESEA)?
The filing notes 4,650 unvested incentive stock awards. These are scheduled to vest in three tranches of 1,550 shares each on July 1, 2026, November 13, 2026, and July 1, 2027, assuming applicable vesting conditions are satisfied.
Does the Euroseas (ESEA) Form 3 show any insider buying or selling?
No specific insider purchases or sales are shown. The Form 3 functions as an initial statement of ownership, listing direct and indirect common stock positions and unvested awards rather than reporting new buy or sell transactions.