Imperial Petroleum (IMPP) CEO details common, option and preferred stakes

Rhea-AI Filing Summary

Imperial Petroleum Inc. CEO and President Harry Vafias filed an initial Form 3 reporting his ownership in the company. He directly holds 3,177,879 common shares, options over 234,375 shares at $3.20, 299,003 shares at $3.01, and 50,000 shares at $3.60, plus direct and indirect stakes in Series A and Series B preferred stock, including interests held through Arethusa Properties LTD and Flawless Management Inc. Some option grants vest over time through 2027, conditioned on his continued service.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Vafias Harry

(Last) (First) (Middle)

IMPERIAL PETROLEUM INC.

331 KIFISSIAS AVENUE ERITHREA

(Street)

ATHENS 14561

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Imperial Petroleum Inc./Marshall Islands [ IMPP ]

3a. Foreign Trading Symbol
[NONE]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,177,879	D
Common Stock	3,307,452	I	By Arethusa Properties LTD(1)
Common Stock	6,991,255	I	By Flawless Management Inc.(2)
8.75% Series A Cumulative Redeemable Perp. Preferred Stock	24,033	D
8.75% Series A Cumulative Redeemable Perp. Preferred Stock	28,146	I	By Arethusa Properties LTD(1)
8.75% Series A Cumulative Redeemable Perp. Preferred Stock	148,030	I	By Flawless Management Inc.(2)
Series B Preferred Stock	16,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(3)	01/08/2035	Common Stock	234,375	$3.2	D
Stock Option (Right to Buy)	(4)	08/08/2035	Common Stock	299,003	$3.01	D
Stock Option (Right to Buy)	04/12/2026	04/12/2034	Common Stock	50,000	$3.6	D

Explanation of Responses:

1. Shares held by Arethusa Properties LTD ("Arethusa"). The Reporting Person controls Arethusa and may be deemed to beneficially own the securities held by Arethusa by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

2. Shares held by Flawless Management Inc. ("Flawless"). The Reporting Person controls Flawless and may be deemed to beneficially own the securities held by Flawless by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

3. 50% of the shares subject to such option are vested and exercisable. The remaining 50% of the shares subject to such option vest and become exercisable on January 8, 2027, subject to the Reporting Person's continuous service to the Issuer on such date.

4. 50% of the shares subject to such option are vesting and become exercisable on August 8, 2026. The remaining 50% of the shares subject to such option vest and become exercisable August 8, 2027, subject to the Reporting Person's continuous service to the Issuer on such date.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Nina Pyndiah, Attorney-in-Fact	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does the IMPP Form 3 filing by Harry Vafias show?

The Form 3 shows CEO Harry Vafias’ initial ownership in Imperial Petroleum. He reports direct common shares, several stock option awards with exercise prices around $3, and positions in Series A and B preferred shares, including indirect holdings through controlled entities.

How many Imperial Petroleum common shares does Harry Vafias hold?

Harry Vafias reports direct ownership of 3,177,879 Imperial Petroleum common shares. He also has indirect common share positions through Arethusa Properties LTD and Flawless Management Inc., where he exercises control but disclaims full beneficial ownership except for any pecuniary interest.

What stock options are reported for Harry Vafias in the IMPP Form 3?

He reports three stock option positions over 234,375 common shares at $3.20, 299,003 shares at $3.01, and 50,000 shares at $3.60. These options expire between 2034 and 2035, with portions vesting over time subject to his continued service.

How are Arethusa Properties LTD and Flawless Management Inc. involved in IMPP holdings?

Common and preferred shares are held indirectly through Arethusa Properties LTD and Flawless Management Inc. Vafias controls these entities and may be deemed to beneficially own their securities, but he formally disclaims beneficial ownership beyond any pecuniary interest.

What preferred stock positions does Harry Vafias report in Imperial Petroleum?

He reports direct and indirect holdings of 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock and a direct position of 16,000 shares of Series B Preferred Stock. Some Series A shares are held personally, and additional amounts are held through Arethusa and Flawless.