OceanPal (OP) Co-CEO makes 500-share open-market stock purchase

Rhea-AI Filing Summary

OceanPal Inc. Co-Chief Executive Officer and director Salvatore J. Ternullo purchased 500 shares of Common Stock in an open-market transaction. He bought the shares at $10.88 per share and now directly holds 500 shares following the transaction, indicating a small personal stake.

Insider Trade Summary

Net Buyer: 500 shares ($5,440)

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	$10.88	$5K

Holdings After Transaction: Common Stock — 500 shares (Direct)

Footnotes (1)

Key Figures

Shares purchased: 500 shares Purchase price: $10.88 per share Shares owned after transaction: 500 shares

3 metrics

Shares purchased 500 shares Open-market buy of Common Stock

Purchase price $10.88 per share Price paid in open-market purchase

Shares owned after transaction 500 shares Direct holdings following the Form 4 transaction

Key Terms

open-market purchase, Common Stock, Form 4, direct ownership

4 terms

open-market purchase financial

"transaction_action: "open-market purchase""

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

"security_title: "Common Stock" for the transaction"

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

"INSIDER FILING DATA (Form 4)"

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.

direct ownership financial

"ownership_type: "direct" and ownership_code: "D""

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)
04/13/2026

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	04/13/2026		P		500	A	$10.88	500	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 $10.88 per share (aggregate cost: $5,440.00). The reporting person held no shares of Common Stock prior to this transaction, as reported on Form 3 filed March 18, 2026.

	/s/ Salvatore J. Ternullo	04/13/2026
	** 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 (OP) disclose in this Form 4?

OceanPal reported that Co-Chief Executive Officer and director Salvatore J. Ternullo made an open-market purchase of 500 shares of Common Stock at $10.88 per share. This filing records his acquisition of shares and resulting direct ownership position.

How many OceanPal (OP) shares did Salvatore J. Ternullo buy?

Salvatore J. Ternullo purchased 500 shares of OceanPal Common Stock in this transaction. The buy was reported as a non-derivative open-market purchase and represents his entire direct holding after the transaction, according to the Form 4 data.

At what price were the OceanPal (OP) shares purchased in the Form 4?

The 500 OceanPal Common Stock shares were purchased at $10.88 per share. This price comes directly from the Form 4 transaction details and reflects the per-share cost of the open-market acquisition reported for Salvatore J. Ternullo.

What is Salvatore J. Ternullo’s OceanPal (OP) ownership after this transaction?

After the reported transaction, Salvatore J. Ternullo directly owns 500 shares of OceanPal Common Stock. The Form 4 lists 500 total shares following the transaction, with ownership classified as direct and related to this open-market purchase.

Is the OceanPal (OP) Form 4 transaction a buy or sell?

The Form 4 shows a buy transaction. It is coded as an open-market purchase of Common Stock, with 500 shares acquired by Salvatore J. Ternullo, confirming this is an insider purchase rather than a sale or derivative-related transaction.