[144] GENCO SHIPPING & TRADING LTD SEC Filing

Rhea-AI Filing Summary

Genco Shipping & Trading Limited (GNK) reported a proposed insider sale under Rule 144 for 82,752 shares of common stock to be executed on 09/12/2025 through Jefferies LLC on the NYSE. The notice shows the securities were acquired on 09/08/2025 via a stock option exercise from Genco Shipping & Trading Limited, with 168,539 shares acquired and a cashless exercise payment on 09/08/2025. The filer also reported two recent sales: 52,000 shares on 09/08/2025 for gross proceeds of $936,301.60 and 10,752 shares on 09/09/2025 for gross proceeds of $194,758.50. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Insider exercised options and plans a modest sale through Jefferies on 09/12/2025; recent sales generated roughly $1.13M.

The filing documents a controlled equity transaction: an option exercise on 09/08/2025 producing 168,539 shares via cashless exercise, followed by reported open-market dispositions totaling 62,752 shares and gross proceeds of $1,131,060.10. The upcoming 82,752-share sale is to be executed through Jefferies on the NYSE. From an investor-relations perspective, this is a routine insider liquidity event rather than a corporate operational disclosure; the filing contains no information about company operations, financial results, or undisclosed material developments.

Corporate Governance Expert

TL;DR: This Rule 144 notice documents compliance with resale requirements after an option exercise; it contains standard representations about material information.

The form records the mechanics of a securities disposition: exercise of stock options, cashless settlement, and subsequent market sales reported for the past three days. The signer affirms absence of undisclosed material adverse information. There is no disclosure of any governance changes, related-party issues, or litigation. As such, the filing is procedural and does not, by itself, indicate governance risk or a material change in company prospects.

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	82752	1469675	43243165	09/12/2025	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

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

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 shares does the GNK Form 144 propose to sell?

The notice proposes sale of 82,752 shares of GNK common stock through Jefferies LLC on 09/12/2025 on the NYSE.

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

The shares were acquired on 09/08/2025 via a stock option exercise from Genco Shipping & Trading Limited, with a cashless exercise payment.

What recent sales by the same person are reported in the filing?

The filing reports sales of 52,000 shares on 09/08/2025 for $936,301.60 and 10,752 shares on 09/09/2025 for $194,758.50.

Through which broker will the proposed sale be executed?

The proposed sale is to be executed through Jefferies LLC, located at 520 Madison Ave, New York, NY.

Does the filing state the seller has undisclosed material information?

The seller represents by signature that they do not know any material adverse information about the issuer that has not been publicly disclosed.