Entity tied to Euroseas (NASDAQ: ESEA) director buys 500 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EUROSEAS LTD. director Aristeidis P. Pittas reported an indirect open-market purchase of common stock through Family United Navigation Co. The entity bought a total of 500 shares at a price of $67.1805 per share, bringing its reported holdings to 58,050 shares. Pittas and his spouse each own a 25% interest in Family United Navigation Co. and disclaim beneficial ownership beyond their respective pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 500 shares ($33,590)
Net Buy
2 txns
Insider
Pittas Aristeidis P
Role
null
Bought
500 shs ($34K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 250 | $67.1805 | $17K |
| Purchase | Common stock | 250 | $67.1805 | $17K |
Holdings After Transaction:
Common stock — 58,050 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 purchased: 500 shares
Purchase price: $67.1805 per share
Shares after transaction: 58,050 shares
+3 more
6 metrics
Shares purchased
500 shares
Total common stock bought in two open-market trades
Purchase price
$67.1805 per share
Open-market purchase price for Euroseas common stock
Shares after transaction
58,050 shares
Family United Navigation Co. indirect holdings post-transaction
Number of buy transactions
2 transactions
Both coded as open-market purchases of common stock
Ownership interest of Pittas
25% interest
Reporting person’s interest in Family United Navigation Co.
Spouse ownership interest
25% interest
Spouse’s interest in Family United Navigation Co.
Key Terms
open-market purchase, indirect ownership, pecuniary interest, Section 16
4 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"direct_or_indirect: I, ownership_type: indirect"
pecuniary interest financial
"disclaims beneficial ownership... except to the extent of such reporting person's respective pecuniary interest"
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 transaction did Euroseas (ESEA) report in this Form 4?
Euroseas reported an indirect open-market purchase of 500 common shares at $67.1805 per share. The shares were acquired by Family United Navigation Co., an entity associated with director Aristeidis P. Pittas, and increased that entity’s reported holdings to 58,050 shares.
Who is the reporting person in the Euroseas (ESEA) Form 4 filing?
The reporting person is Aristeidis P. Pittas, a director of Euroseas Ltd. The reported transactions reflect shares held indirectly through Family United Navigation Co., rather than shares held directly in his personal name, as disclosed in the ownership details and related footnotes.