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Euroseas (ESEA) CFO discloses direct and indirect share holdings on Form 3

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

Rhea-AI Filing Summary

EUROSEAS LTD. Chief Financial Officer Aslidis Anastasios filed an initial Form 3 reporting existing ownership of the company’s common stock. The filing shows 26,910 shares held directly and 7,344 shares held indirectly through Containers Shareholders Trinity Ltd.

The reported position includes 11,250 unvested incentive stock awards, with 3,750 shares scheduled to vest on July 1, 2026, 3,750 on November 16, 2026, and 3,750 on November 16, 2027. A footnote states the reporting person disclaims beneficial ownership of all reported shares beyond their pecuniary interest.

Positive

  • None.

Negative

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Insider Aslidis Anastasios
Role Chief Financial Officer
Type Security Shares Price Value
holding Common stock -- -- --
holding Common stock -- -- --
Holdings After Transaction: Common stock — 26,910 shares (Direct); Common stock — 7,344 shares (Indirect, Containers Shareholders Trinity Ltd)
Footnotes (1)
  1. Includes 11,250 shares of unvested incentive stock awards of which 3,750 shares will vest on July 1, 2026, 3,750 shares will vest on November 16, 2026 and 3,750 shares will vest on November 16, 2027. The Reporting Person disclaims beneficial ownership of all the shares reported in this Form 3 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 all of the reported shares for purposes of Section 16 or for any other purpose.
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SEC Form 3
FORM 3 UNITED 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
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hours per response: 0.5
1. Name and Address of Reporting Person*
Aslidis Anastasios
(Last) (First) (Middle)
11 CANTERBURY LANE
(Street)
WATCHUNG NJ 07069
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026 		3. Issuer Name and Ticker or Trading Symbol
EUROSEAS LTD. [ ESEA ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form 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 26,910 D
Common stock 7,344(1)(2) I Containers 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 Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes 11,250 shares of unvested incentive stock awards of which 3,750 shares will vest on July 1, 2026, 3,750 shares will vest on November 16, 2026 and 3,750 shares will vest on November 16, 2027.
2. The Reporting Person disclaims beneficial ownership of all the shares reported in this Form 3 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 all of the reported shares for purposes of Section 16 or for any other purpose.
Anastasios Aslidis 03/17/2026
** 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 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.

Source: View Original Filing on SEC EDGAR

FAQ

What does the Euroseas (ESEA) Form 3 filing by CFO Aslidis Anastasios report?

The Form 3 reports existing ownership of Euroseas common stock by CFO Aslidis Anastasios, not a new trade. It details both direct and indirect holdings, including unvested incentive stock awards, establishing the baseline insider position for future Form 4 or Form 5 updates.

How many Euroseas (ESEA) shares does CFO Aslidis Anastasios hold directly and indirectly?

The filing shows 26,910 shares of Euroseas common stock held directly and 7,344 shares held indirectly through Containers Shareholders Trinity Ltd. These figures represent the reported ownership as of the Form 3 date, serving as the initial baseline disclosure.

What unvested incentive stock awards are disclosed in the Euroseas (ESEA) Form 3?

The Form 3 notes 11,250 unvested incentive stock awards. Of these, 3,750 shares vest on July 1, 2026, 3,750 on November 16, 2026, and 3,750 on November 16, 2027. These awards could increase the CFO’s vested holdings as each tranche vests.

What does the beneficial ownership disclaimer mean in the Euroseas (ESEA) Form 3?

The filing states the reporting person disclaims beneficial ownership of all reported shares except to the extent of their pecuniary interest. This means they are not conceding full beneficial ownership for legal purposes, despite the shares being included in the disclosed holdings.

Does the Euroseas (ESEA) Form 3 show any insider buying or selling activity?

No. The Form 3 lists existing holdings of Euroseas common stock, not new purchases or sales. Transaction fields are classified as holding entries with unknown transaction codes, indicating this is an initial ownership report rather than a record of market trades.

How are indirect Euroseas (ESEA) holdings reported for CFO Aslidis Anastasios?

The Form 3 reports 7,344 shares of Euroseas common stock held indirectly, with the nature of ownership described as “Containers Shareholders Trinity Ltd.” These indirect holdings are disclosed separately from the CFO’s direct position for transparency about all associated interests.