Diana Shipping sells 275K Genco shares, exits 10%

GENCO SHIPPING & TRADING LTD (GNK) reported that DIANA SHIPPING INC., previously a 10% beneficial owner, sold a total of 275,000 common shares in open-market transactions on September 1–2, 2026, at reported average prices of $26.02, $26.64, and $26.73.

Rhea-AI Filing Summary

GENCO SHIPPING & TRADING LTD (GNK) reported that DIANA SHIPPING INC., previously a 10% beneficial owner, sold a total of 275,000 common shares in open-market transactions on September 1–2, 2026, at reported average prices of $26.02, $26.64, and $26.73. Each sale consisted of multiple trades within disclosed intraday price ranges, and no Rule 10b5-1 trading plan is reported. The reporting person states that, following these sales, it is no longer a 10% beneficial owner, and this Form 4 serves as an exit filing.

Insider Trade Summary

Net Seller: 275,000 shares

Net Sell 3 txns

Insider DIANA SHIPPING INC.

Role 10% Owner

Sold 275,000 shs ($7.26M)

Type	Security	Shares	Price	Value
Sale	Common Shares F2	75,000	$26.64	$2.00M
Sale	Common Shares F3	75,000	$26.73	$2.00M
Sale	Common Shares F1	125,000	$26.02	$3.25M

Holdings After Transaction: Common Shares — 4,130,585 shares (Direct)

Footnotes (3)

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 $26.0 to $26.28, 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 $26.58 to $26.86, 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.
3. F3. 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 $26.70 to $26.83, 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

Shares sold on September 1, 2026: 125,000 shares Average price on September 1, 2026 sale: $26.02 per share First 75,000-share sale on September 2, 2026: 75,000 shares at $26.64 per share +2 more

5 metrics

Shares sold on September 1, 2026 125,000 shares Open-market sale of GNK common shares by DIANA SHIPPING INC.

Average price on September 1, 2026 sale $26.02 per share Reported average price for 125,000-share sale; trades ranged from $26.00 to $26.28

First 75,000-share sale on September 2, 2026 75,000 shares at $26.64 per share Open-market sale; trades ranged from $26.58 to $26.86

Second 75,000-share sale on September 2, 2026 75,000 shares at $26.73 per share Open-market sale; trades ranged from $26.70 to $26.83

Total shares sold in reported period 275,000 shares Sum of three open-market sales on September 1–2, 2026 by DIANA SHIPPING INC.

Key Terms

beneficial owner, open market, average price

3 terms

beneficial owner financial

"Following the reported transaction, the Reported Person is no longer a 10% beneficial owner."

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

open market financial

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

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

average price financial

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

FAQ

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

What insider activity did GNK disclose in this Form 4?

GENCO SHIPPING & TRADING LTD disclosed that DIANA SHIPPING INC. sold 275,000 common shares of GNK in open-market transactions on September 1–2, 2026, at reported average prices of $26.02, $26.64, and $26.73 per share, across multiple trades in stated price ranges.

Who is the reporting person in GNK’s Form 4 and what was its status?

The reporting person is DIANA SHIPPING INC., which was previously a 10% beneficial owner of GENCO SHIPPING & TRADING LTD. The filing states that after the reported transactions, it is no longer a 10% beneficial owner and treats this Form 4 as an exit filing.

How many GNK shares were sold and on what dates?

DIANA SHIPPING INC. reported selling a total of 275,000 GNK common shares: 125,000 shares on September 1, 2026 and two blocks of 75,000 shares each on September 2, 2026, all as open-market sales.

What prices were received in the GNK insider sales?

The reported average prices were $26.02 for 125,000 shares on September 1, 2026, $26.64 for 75,000 shares on September 2, 2026, and $26.73 for another 75,000 shares that same day, with each block executed through multiple trades within disclosed intraday price ranges.

Were the GNK insider sales under a Rule 10b5-1 trading plan?

No. The Form 4 does not indicate that the transactions were made under a Rule 10b5-1 trading plan; the plan-related checkbox is not marked as affirming such a plan for these sales.

Is DIANA SHIPPING INC. still a 10% beneficial owner of GNK after these sales?

According to the Form 4 remarks, after the reported sales DIANA SHIPPING INC. is no longer a 10% beneficial owner of GENCO SHIPPING & TRADING LTD, and the filing is characterized as an exit filing by the reporting person.

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

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Available on EDGAR 09/03/2026 - 05:09 PM EDT Accepted by SEC EDGAR 09/03/2026 - 05:00 PM EDT Learn about SEC filing dates

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

X

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)
09/01/2026

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	09/01/2026		S		125,000(1)	D	$26.02	4,280,585	D
Common Shares	09/02/2026		S		75,000(2)	D	$26.64	4,205,585	D
Common Shares	09/02/2026		S		75,000(3)	D	$26.73	4,130,585	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 $26.0 to $26.28, 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 $26.58 to $26.86, 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.

3. 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 $26.70 to $26.83, 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.

Remarks:

Following the reported transaction, the Reported Person is no longer a 10% beneficial owner. As such, this filing serves as an "exit filing" by the Reporting Person.

	/s/ Ioannis Zafirakis, Authorized Representative	09/03/2026
	** 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)