[144] GENCO SHIPPING & TRADING LTD SEC Filing

Rhea-AI Filing Summary

Genco Shipping & Trading Ltd (GNK) Form 144 discloses a proposed sale of 14,000 common shares through Jefferies LLC on the NYSE with an aggregate market value of $249,200. The securities listed were acquired mainly by stock option exercises dated 09/08/2025 and by restricted stock unit settlements dated 02/23/2024. The filing shows no reported sales by the same person in the past three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Full transaction detail provided: class, broker, trade date, quantity, and aggregate market value are disclosed
• Acquisition transparency: acquisitions are itemized as stock option exercises and RSU settlements with dates and amounts
• No recent disposals: filing notes "Nothing to Report" for securities sold in the past three months

Negative

• Seller identity incomplete in extract: filer CIK/explicit selling person fields are not populated in the provided content
• Limited context: filing contains no information on reason for sale or holdings remaining after the proposed sale

Insights

Securities Analyst

TL;DR: Routine insider sale notice for 14,000 GNK shares, sourced from option exercises and RSU settlements; no recent related sales.

The Form 144 documents a planned sale under Rule 144 of 14,000 common shares valued at $249,200, to be executed via Jefferies on the NYSE. Acquisition history is explicit: option exercises on 09/08/2025 and multiple RSU settlements on 02/23/2024. The filing states "Nothing to Report" for sales in the prior three months, which reduces immediate concerns about concentrated short-term disposals. This filing itself is procedural disclosure and does not present new financial performance data.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 mechanics but lacks identifying filer details in the visible tables.

The notice provides required transaction details (broker, trade date, class, quantity, and acquisition method). It confirms the seller represents no undisclosed material adverse information. However, several header fields (specific filer CIK/identity and the named selling person) are not populated in the provided extract, which limits transparency for governance review. As a compliance disclosure, it is routine and not indicative of governance change.

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	14000	249200	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			32771	09/08/2025	Cashless exercise (cash paid in lieu of surrender of fractional share)
Common Stock	09/08/2025	Stock option exercise	Genco Shipping & Trading Limited			13472	09/08/2025	Cashless exercise (cash paid in lieu of surrender of fractional share)
Common Stock	02/23/2024	Settlement of restricted stock unit award	Genco Shipping & Trading Limited			3925	02/23/2024	N/A
Common Stock	02/23/2024	Settlement of restricted stock unit award	Genco Shipping & Trading Limited			6135	02/23/2024	N/A
Common Stock	02/23/2024	Settlement of restricted stock unit award	Genco Shipping & Trading Limited			9646	02/23/2024	N/A
Common Stock	02/23/2024	Settlement of restricted stock unit award	Genco Shipping & Trading Limited			6135	02/23/2024	N/A

* 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 this Form 144 for GNK disclose?

It discloses a proposed sale of 14,000 GNK common shares via Jefferies on the NYSE with an aggregate market value of $249,200.

When were the securities that are being sold originally acquired?

Acquisitions listed include stock option exercises dated 09/08/2025 and restricted stock unit settlements dated 02/23/2024.

Does the filing show any sales of GNK by the same person in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Through which broker will the GNK shares be sold?

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

What representation does the seller make about material information?

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