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Euroseas (NASDAQ: ESEA) director Taniskidis details direct and indirect stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

EUROSEAS LTD. director George Taniskidis filed an initial ownership report showing his current holdings of the company’s common stock. He directly holds 6,200 shares, including 2,100 unvested incentive stock awards that vest in tranches on July 1, 2026, November 13, 2026 and July 1, 2027. He is also reported as having indirect ownership of 2,589 shares held by Friends Investment Company Inc. and 42,821 shares held by Containers Shareholders Trinity Ltd., while disclaiming beneficial ownership of these indirect positions except to the extent of his pecuniary interest.

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Insider Taniskidis George
Role Director
Type Security Shares Price Value
holding Common stock -- -- --
holding Common stock -- -- --
holding Common stock -- -- --
Holdings After Transaction: Common stock — 6,200 shares (Direct); Common stock — 2,589 shares (Indirect, Friends Investment Ltd.)
Footnotes (1)
  1. Includes 2,100 shares of unvested incentive stock awards, of which 700 will vest on July 1, 2026, 700 shares will vest onNovember 13, 2026 and 700 shares will vest on July 1, 2027. Includes 2,589 of common stock held 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. Includes 42,821 shares of common stock held by Containers Shareholders Trinity Ltd. 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.
Direct common shares 6,200 shares Direct holdings of Euroseas common stock reported on Form 3
Unvested incentive stock awards 2,100 shares Included within direct holdings; vesting through 2026–2027
Vesting tranche 1 700 shares Unvested awards vesting on July 1, 2026
Vesting tranche 2 700 shares Unvested awards vesting on November 13, 2026
Vesting tranche 3 700 shares Unvested awards vesting on July 1, 2027
Indirect shares via Friends Investment Company Inc. 2,589 shares Common stock held indirectly through Friends Investment Company Inc.
Indirect shares via Containers Shareholders Trinity Ltd. 42,821 shares Common stock held indirectly through Containers Shareholders Trinity Ltd.
unvested incentive stock awards financial
"Includes 2,100 shares of unvested incentive stock awards, of which 700 will vest..."
beneficial ownership financial
"The reporting person disclaims beneficial ownership in this Form 3, except to the extent..."
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..."
indirect ownership financial
"Includes 2,589 of common stock held by Friends Investment Company Inc. by virtue of ownership interest..."
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all 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.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Taniskidis George
(Last)(First)(Middle)
4 MESSOGEIOU & EVROPIS STREET
(Street)
MAROUSSI151 24
(City)(State)(Zip)
GREECE
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026		3. Issuer Name and Ticker or Trading Symbol
EUROSEAS LTD. [ ESEA ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common stock(1)6,200D
Common stock(2)2,589IFriends Investment Ltd.
Common stock(3)42,821IContainers Shareholders Trinity Ltd.
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes 2,100 shares of unvested incentive stock awards, of which 700 will vest on July 1, 2026, 700 shares will vest onNovember 13, 2026 and 700 shares will vest on July 1, 2027.
2. Includes 2,589 of common stock held 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.
3. Includes 42,821 shares of common stock held by Containers Shareholders Trinity Ltd. 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.
George Taniskidis04/07/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the Euroseas (ESEA) Form 3 filing by George Taniskidis show?

The Form 3 shows director George Taniskidis reporting his initial ownership in Euroseas common stock, including direct holdings, unvested incentive stock awards, and indirect holdings through entities such as Friends Investment Company Inc. and Containers Shareholders Trinity Ltd., with standard beneficial ownership disclaimers.

How many Euroseas (ESEA) shares does George Taniskidis hold directly?

George Taniskidis reports direct ownership of 6,200 shares of Euroseas common stock. This total includes 2,100 unvested incentive stock awards that will vest in three equal installments over specific dates in 2026 and 2027, as detailed in the filing footnotes.

What unvested incentive stock awards are disclosed for Euroseas (ESEA) director Taniskidis?

The filing discloses 2,100 unvested incentive stock awards. Of these, 700 shares will vest on July 1, 2026, another 700 shares on November 13, 2026, and the remaining 700 shares on July 1, 2027, subject to the award terms.

What indirect Euroseas (ESEA) holdings are reported for George Taniskidis?

The Form 3 reports 2,589 shares held by Friends Investment Company Inc. and 42,821 shares held by Containers Shareholders Trinity Ltd.. Taniskidis reports these as indirect holdings and disclaims beneficial ownership except to the extent of his pecuniary interest in those entities.

How does the Euroseas (ESEA) Form 3 describe Taniskidis’ beneficial ownership?

For the indirect holdings, the filing states that Taniskidis disclaims beneficial ownership except to the extent of his pecuniary interest. It notes that including these shares in the report should not be deemed an admission of beneficial ownership for Section 16 or other purposes.