OceanPal (OP) director reports 109,620 shares via consulting LLC

Rhea-AI Filing Summary

OceanPal Inc. director Gereghty James G. Jr. filed an initial statement of beneficial ownership. The filing reports indirect ownership of 109,620 shares of common stock through Kips Bay Consulting LLC, which is identified as the beneficial owner, while Mr. Gereghty owns 50% of that entity.

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

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1. Name and Address of Reporting Person^*

Gereghty James G. Jr.

(Last) (First) (Middle)

PENDELIS 26

PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

GREECE

(Country)

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

3. Issuer Name and Ticker or Trading Symbol
OceanPal Inc. [ SVRN ]

3a. Foreign Trading Symbol

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
	Officer (give title below)		Other (specify below)

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, $0.01 par value per share	109,620	I	Kips Bay Consulting LLC is the beneficial owner of the shares. Mr. Gereghty owns 50% of KBC LLC.

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

Explanation of Responses:

	/s/ James G. Gereghty Jr.	03/25/2026
	** 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 OceanPal (OP) director Gereghty report on this Form 3?

Gereghty James G. Jr. reports indirect beneficial ownership of 109,620 OceanPal common shares. These shares are held by Kips Bay Consulting LLC, reflecting his initial ownership position as a director rather than a new market transaction.

How are the OceanPal (OP) shares held for director Gereghty?

The 109,620 OceanPal shares are held indirectly through Kips Bay Consulting LLC. The filing states that Kips Bay Consulting LLC is the beneficial owner, and Mr. Gereghty owns 50% of that LLC, indicating indirect, entity-based ownership.

Is this OceanPal (OP) Form 3 a buy or sell transaction?

This Form 3 does not report a buy or sell transaction. It is an initial statement of beneficial ownership, showing an existing indirect holding of 109,620 shares rather than a new purchase or sale in the market.

What type of security does OceanPal (OP) director Gereghty hold?

The filing lists Common Stock, $0.01 par value per share as the security. All 109,620 reported shares are this common stock, held indirectly through Kips Bay Consulting LLC as of the reported date.

Does OceanPal (OP) director Gereghty hold shares directly or indirectly?

The reported position is indirect ownership. The Form 3 marks the ownership type as indirect and explains that Kips Bay Consulting LLC is the beneficial owner, with Mr. Gereghty owning 50% of that LLC.