Genco (GNK) insider files 144/A after 168,539-share option exercise

Rhea-AI Filing Summary

Form 144/A filed for Genco Shipping & Trading Limited (GNK) reports a proposed sale of 62,752 shares of common stock through Jefferies LLC on the NYSE with an aggregate market value of $1,133,301, targeted on 09/09/2025. The filing shows the shares were acquired on 09/08/2025 via a stock option exercise (cashless exercise) totaling 168,539 shares acquired from Genco Shipping & Trading Limited, with payment dated 09/08/2025. The filer named for a prior sale on 09/08/2025 is John C. Wobensmith, who sold 52,000 shares for gross proceeds of $936,301.60. The notice includes a signer representation that no undisclosed material adverse information exists.

Insights

Corporate Governance Expert

TL;DR: Routine insider notice for option exercise and subsequent share sale; disclosure aligns with Rule 144 requirements.

The filing documents a standard sequence: a stock option exercise on 09/08/2025 followed by a proposed brokered sale of a subset of the acquired shares on 09/09/2025. Reporting the broker (Jefferies LLC), share counts (62,752 proposed; 168,539 acquired), and market value ($1,133,301) meets disclosure expectations for transactions by insiders or affiliated persons. The inclusion of a recent completed sale (52,000 shares for $936,301.60) provides additional short-term trading context for the filing party. The signer attests to absence of undisclosed material adverse information, as required.

Securities Analyst

TL;DR: The notice shows immediate monetization after option exercise; transaction details are specific and timely.

The document specifies a cashless option exercise producing 168,539 shares and a planned brokered sale of 62,752 shares with an aggregate market value of $1,133,301, scheduled on 09/09/2025 via NYSE. A contemporaneous reported sale of 52,000 shares yielding $936,301.60 is recorded for the filer. These precise amounts, dates, and the named broker allow market participants to verify transaction timing and liquidity impact. The filing is procedural and provides transparency into the filer’s share disposition on the stated dates.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Jefferies LLC 520 Madison Ave 4th Floor New York NY 10022	62752	1133301	43243165	09/09/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	09/08/2025	Stock option exercise	Genco Shipping & Trading Limited			168539	09/08/2025	Cashless exercise (cash paid in lieu of surrender of fractional share)

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
John C. Wobensmith Genco Shipping & Trading Limited 299 Park Avenue, 12th Floor New York NY 10171	Common Stock	09/08/2025	52000	936301.6

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What did the GNK Form 144/A disclose about the proposed sale?

The filing disclosed a proposed sale of 62,752 common shares on 09/09/2025 through Jefferies LLC with an aggregate market value of $1,133,301.

How were the shares acquired that are being proposed for sale in the GNK 144/A?

The shares were acquired on 09/08/2025 via a stock option exercise (cashless exercise), totaling 168,539 shares acquired from Genco Shipping & Trading Limited.

Who is the reported seller in the filing and what recent sale is disclosed?

John C. Wobensmith is identified; the filing reports he sold 52,000 shares on 09/08/2025 for gross proceeds of $936,301.60.

Which broker is named for the proposed sale and where will it occur?

Jefferies LLC is named as the broker and the sale is to occur on the NYSE.

Does the filing include any statement about undisclosed material information?

Yes; the signer represents they do not know any material adverse information regarding the issuer that has not been publicly disclosed.