Diana Shipping sells 40,000 GNK shares in market

Diana Shipping Inc., a ten percent owner of GENCO SHIPPING & TRADING LTD, reported open-market sales of a total of 40,000 common shares of GNK on May 18, 2026.

Accepted by SEC EDGAR 05/19/2026 - 05:25 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Diana Shipping Inc., a ten percent owner of GENCO SHIPPING & TRADING LTD, reported open-market sales of a total of 40,000 common shares of GNK on May 18, 2026. Sale prices ranged around the mid-$24 area per share. After these transactions, the reporting owner held 6,264,548 common shares directly.

Insider Trade Summary

Net Seller: 40,000 shares

Net Sell 2 txns

Insider DIANA SHIPPING INC.

Role 10% Owner

Sold 40,000 shs ($979K)

Type	Security	Shares	Price	Value
Sale	Common Shares	20,000	$24.45	$489K
Sale	Common Shares	20,000	$24.49	$490K

Holdings After Transaction: Common Shares — 6,264,548 shares (Direct)

Footnotes (2)

1. F1. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $24.45 to $24.485, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range.
2. F2. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $24.45 to $24.58, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range.

Key Figures

First sale size: 20,000 shares First sale price: $24.49 per share Second sale size: 20,000 shares +3 more

6 metrics

First sale size 20,000 shares Open-market sale of GNK common shares on May 18, 2026

First sale price $24.49 per share Average price for 20,000 GNK shares sold

Second sale size 20,000 shares Second open-market sale of GNK common shares on May 18, 2026

Second sale price $24.45 per share Average price for second 20,000-share sale

Total shares sold 40,000 shares Aggregate GNK common shares sold by Diana Shipping Inc.

Shares held after 6,264,548 shares GNK common shares held directly after transactions

Key Terms

open-market sale, ten percent owner, non-derivative, Form 4

4 terms

open-market sale financial

"The shares were sold in the open market and the price reported is an average price."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner regulatory

"Diana Shipping Inc. is identified as a ten percent owner of the issuer."

non-derivative financial

"Each transaction is classified as non-derivative with security title Common Shares."

Form 4 regulatory

"Insider activity is reported on Form 4, detailing the transactions and resulting holdings."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did GNK disclose in this Form 4 filing?

GENCO SHIPPING & TRADING LTD reported that major shareholder Diana Shipping Inc. sold 40,000 common shares of GNK in open-market transactions. The filing details two sales on May 18, 2026, both classified as non-derivative transactions in common shares.

How many GNK shares did Diana Shipping Inc. sell and at what prices?

Diana Shipping Inc. sold a total of 40,000 GNK common shares. One 20,000-share block was sold at an average price of $24.49, and another 20,000-share block at an average price of $24.45, both described as open-market sales.

How many GNK shares does Diana Shipping Inc. hold after these sales?

After the reported transactions, Diana Shipping Inc. held 6,264,548 GNK common shares directly. This post-transaction figure comes from the Form 4’s ownership column, which shows the remaining position following the open-market sales on May 18, 2026.

Were the GNK insider sales single trades or price-range transactions?

The sales were executed as multiple trades within price ranges, not single fixed-price transactions. Footnotes explain that the reported prices are averages for trades executed between $24.45 and $24.485, and separately between $24.45 and $24.58 per share.

What type of insider transactions were reported for GNK in this filing?

The filing reports non-derivative transactions coded "S," meaning sales of common shares. Both are described as open-market or private sales, with no derivative exercises, gifts, tax withholdings, or restructuring-related transfers included in this particular Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DIANA SHIPPING INC.

(Last) (First) (Middle)

PENDELIS 16

PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

GREECE

(Country)

2. Issuer Name and Ticker or Trading Symbol
GENCO SHIPPING & TRADING LTD [ GNK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/18/2026		S		20,000(1)	D	$24.45	6,284,548	D
Common Shares	05/18/2026		S		20,000(2)	D	$24.49	6,264,548	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $24.45 to $24.485, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range.

2. The shares were sold in the open market and the price reported is an average price. These shares were sold in multiple transactions at prices ranging from $24.45 to $24.58, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range.

	/s/ Ioannis Zafirakis, Authorized Representative	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)