Genco (GNK) Insider Option Exercise and Proposed 52,000-Share Sale

Rhea-AI Filing Summary

GENCO Shipping & Trading Ltd (GNK) filed a Form 144 notifying a proposed sale of 52,000 shares of common stock via Jefferies LLC with an aggregate market value of $925,600. The filing shows approximately 43,114,470 shares outstanding and an approximate sale date of 09/08/2025. The same date, 09/08/2025, is listed as the acquisition date for 168,539 shares via a stock option exercise from Genco Shipping & Trading Limited, with the exercise described as a cashless exercise (cash paid in lieu of surrender of fractional share). The filer reports no securities sold in the past three months and includes the required representation about absence of undisclosed material information.

Positive

• Required disclosure made under Rule 144, providing transparency about an insider transaction
• No securities sold in the prior three months, simplifying aggregation rules for this notice
• Acquisition and sale date coincide, clarifying the timing of the transaction

Negative

• Proposed sale of 52,000 shares will increase insider-held shares entering the market
• Insider transaction may be perceived negatively by some investors despite routine compliance

Insights

Securities Analyst

TL;DR: Insider exercised options and plans a Rule 144 sale of 52,000 GNK shares; filing is routine disclosure under Rule 144.

The Form 144 documents a contemporaneous stock option exercise and a proposed disposition under Rule 144 executed through Jefferies LLC. Key facts: 52,000 shares proposed for sale ($925,600 aggregate value) and 168,539 shares acquired on the same date through a cashless exercise. The filing contains required statements regarding absence of undisclosed material information and indicates no other sales in the prior three months. This is a compliance disclosure that notifies the market of an insider transaction rather than operational or financial performance data.

Corporate Governance Specialist

TL;DR: The notice fulfills disclosure obligations for an insider option exercise followed by a planned sale; no additional governance concerns are stated.

The form shows the insider relationship to the issuer and specifies the nature of acquisition as a stock option exercise from Genco Shipping & Trading Limited with payment characterized as a cashless exercise. The absence of reported sales in the prior three months simplifies aggregation considerations under Rule 144. The filer also includes the standard attestation about material non-public information. The filing itself does not disclose motive, timing beyond the approximate sale date, or any change in corporate control.

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

144: Filer Information

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

144: 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: 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	52000	925600	43114470	09/08/2025	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: 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: Securities Sold During The Past 3 Months

Nothing to Report

144: 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 does GNK's Form 144 disclose?

The Form 144 discloses a proposed sale of 52,000 GNK common shares through Jefferies LLC with an aggregate market value of $925,600 and an approximate sale date of 09/08/2025.

How were the shares acquired that are being sold under GNK Form 144?

The filing states 168,539 shares were acquired on 09/08/2025 via a stock option exercise from Genco Shipping & Trading Limited, executed as a cashless exercise.

Did the filer sell any GNK securities in the past three months?

No. The Form 144 indicates Nothing to Report for securities sold during the past three months.

Through which broker will the GNK shares be sold?

The proposed sale is arranged through Jefferies LLC, located at 520 Madison Ave, 4th Floor, New York, NY.

How many GNK shares are outstanding according to the filing?

The filing reports 43,114,470 shares outstanding.