OceanPal Inc. (OP) Co-CEO adds 500 shares in open-market purchase

Rhea-AI Filing Summary

OceanPal Inc. director and Co-Chief Executive Officer Salvatore J. Ternullo reported an open-market purchase of 500 shares of Common Stock at $10.78 per share on April 16, 2026. Following this transaction, he directly holds 1,000 shares of OceanPal Common Stock.

Insider Trade Summary

Net Buyer: 500 shares ($5,390)

Net Buy 1 txn

Insider Ternullo Salvatore J.

Role Co-Chief Executive Officer

Bought 500 shs ($5K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	500	$10.78	$5K

Holdings After Transaction: Common Stock — 1,000 shares (Direct)

Footnotes (1)

Key Figures

Shares purchased: 500 shares Purchase price per share: $10.78 per share Shares held after transaction: 1,000 shares

3 metrics

Shares purchased 500 shares Open-market purchase of Common Stock on April 16, 2026

Purchase price per share $10.78 per share Price paid for OceanPal Common Stock

Shares held after transaction 1,000 shares Direct ownership by Salvatore J. Ternullo after purchase

Key Terms

open-market purchase, Common Stock, Form 4, transaction code “P”

4 terms

open-market purchase financial

"reported an open-market purchase of 500 shares of Common Stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"500 shares of Common Stock at $10.78 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"according to a Form 4 insider trading report for this transaction"

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.

transaction code “P” regulatory

"The Form 4 shows transaction code “P” and describes it as an open-market purchase"

Form 4 Insider Transactions: What Each Field Means →

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^*

Ternullo Salvatore J.

(Last) (First) (Middle)

PENDELIS 26

PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

GREECE

(Country)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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 Stock	04/16/2026		P		500	A	$10.78	1,000	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:

Remarks:

Open-market purchase of 500 shares of Common Stock at an average price of $10.78 per share (aggregate cost: $5,390.00). Post-transaction holdings of 1,000 shares reflect 500 shares previously acquired on April 13, 2026 at $10.88 per share plus 500 shares acquired in this transaction.

	/s/ Salvatore J. Ternullo	04/16/2026
	** 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)

FAQ

What insider transaction did OceanPal Inc. (OP) report in this Form 4?

OceanPal Inc. reported that director and Co-Chief Executive Officer Salvatore J. Ternullo made an open-market purchase of 500 shares of Common Stock at $10.78 per share, increasing his directly held position to 1,000 shares after the transaction.

Who is the insider involved in the latest OceanPal Inc. (OP) Form 4 filing?

The insider is Salvatore J. Ternullo, a director and Co-Chief Executive Officer of OceanPal Inc. He reported buying 500 shares of Common Stock in an open-market transaction and now directly owns 1,000 shares after the reported trade.

How many OceanPal Inc. (OP) shares did the insider buy and at what price?

Salvatore J. Ternullo purchased 500 shares of OceanPal Inc. Common Stock in an open-market transaction at a price of $10.78 per share, as disclosed in the Form 4 insider trading report for this transaction.

What are Salvatore J. Ternullo’s OceanPal Inc. (OP) holdings after this Form 4 transaction?

After buying 500 shares of Common Stock, Salvatore J. Ternullo directly holds 1,000 OceanPal Inc. shares. The Form 4 indicates this as his total direct ownership following the reported open-market purchase on April 16, 2026.

Was the OceanPal Inc. (OP) insider trade a purchase or sale?

The transaction was a purchase. The Form 4 shows transaction code “P” and describes it as an open-market purchase, with Salvatore J. Ternullo buying 500 shares of OceanPal Common Stock at $10.78 per share.

Does the OceanPal Inc. (OP) Form 4 show any derivative securities activity?

No derivative securities activity is shown in this Form 4 excerpt. The filing only reports a non-derivative transaction where Salvatore J. Ternullo purchased 500 shares of OceanPal Common Stock and now directly holds 1,000 shares.