[144/A] GENCO SHIPPING & TRADING LTD SEC Filing

Rhea-AI Filing Summary

Genco Shipping & Trading Ltd (GNK) filed a Form 144/A reporting a proposed sale of 101,752 common shares through Jefferies LLC on 09/15/2025 with an aggregate market value of $1,833,571.04. The filer states total shares outstanding of 43,243,165, and discloses that 168,539 shares were acquired on 09/08/2025 by stock option exercise with a cashless exercise payment. The filing also lists sales by John C. Wobensmith totaling 82,752 shares across 09/08–09/12/2025 for gross proceeds of $1,493,395.10. The notice includes the required attestation that no undisclosed material adverse information is known.

Positive

• Complete disclosure of proposed sale details including broker, dates, amounts, and market value
• Transparent reporting of recent sales and option exercise with gross proceeds listed

Negative

• Insider sale of 101,752 shares planned, representing liquidity taken by an insider
• Exercise and quick disposition of 168,539 option‑acquired shares could be perceived negatively by some investors

Insights

Securities Analyst

TL;DR: Routine insider sale notice for GNK showing option exercise followed by planned disposition; not immediately material to fundamentals.

The Form 144/A documents an intended off‑market sale under Rule 144 of 101,752 common shares via Jefferies with an indicated market value of $1.83 million versus 43.24 million shares outstanding, which is a small percentage of the float. The filer acquired 168,539 shares via option exercise on 09/08/2025 using a cashless mechanism and then sold a portion in early September, with reported gross proceeds of $1.49 million from three transactions. This pattern—exercise then sale—is common for option holders seeking liquidity and does not, by itself, indicate a change in company operations or credit metrics. Impact rating: 0.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 requirements; the attestation limits governance concerns absent other disclosures.

The filing contains the standard attestation that the seller is not aware of undisclosed material adverse information and records recent sales and an upcoming proposed sale. The reported transactions are documented with dates, amounts, and proceeds, satisfying public disclosure obligations for an affiliate or insider disposing of securities. There is no indication in this notice of unusual transfer mechanisms or related‑party issues beyond a stock option exercise and cashless settlement. From a governance perspective, this is a routine insider/planned sale disclosure. Impact rating: 0.

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	101752	1833571.04	43243165	09/15/2025	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
John C. Wobensmith Genco Shipping & Trading Limited 299 Park Avenue, 12th Floor New York NY 10171	Common Stock	09/09/2025	10752	194758.5
John C. Wobensmith Genco Shipping & Trading Limited 299 Park Avenue, 12th Floor New York NY 10171	Common Stock	09/12/2025	20000	362336

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 report for 09/15/2025?

The filing reports a proposed sale of 101,752 common shares via Jefferies LLC on 09/15/2025 with an aggregate market value of $1,833,571.04.

How many shares outstanding did GNK report in the Form 144/A?

The filing lists 43,243,165 shares outstanding.

What acquisition method and date were disclosed for the shares being sold?

The filer acquired 168,539 shares on 09/08/2025 by a stock option exercise with a cashless exercise payment.

What recent sales by the filer were disclosed in the past three months?

Sales by John C. Wobensmith include 52,000 shares on 09/08/2025 for $936,301.60, 10,752 shares on 09/09/2025 for $194,758.50, and 20,000 shares on 09/12/2025 for $362,336.00.

Does the Form 144/A include an attestation about material information?

Yes, the person filing represents they do not know any material adverse information about the issuer that has not been publicly disclosed.