How are Performance Shipping (PSHG) shares held by entities related to Aliki Paliou?

Mango Shipping Corp., owned and controlled by Aliki Paliou, holds Series C Preferred Shares and 280 common shares. Mitzela Corp., owned and controlled by her spouse, holds Series C Preferred Shares and 420 common shares. All these positions are reported as indirect ownership interests.

Performance Shipping director reports indirect holdings

Performance Shipping Inc. director Aliki Paliou filed an initial ownership report showing indirect holdings in both preferred and common equity.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Performance Shipping Inc. director Aliki Paliou filed an initial ownership report showing indirect holdings in both preferred and common equity. Through Mango Shipping Corp., she indirectly holds Series C Preferred Shares convertible into 24,268,863 common shares and 280 common shares. Through Mitzela Corp., controlled by her spouse, she indirectly holds Series C Preferred Shares convertible into 1,039,979 common shares and 420 common shares. Each Series C Preferred Share is convertible into common shares based on a $25.00 preference amount and a $1.3576 per-share conversion price, with no expiration date.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Paliou Aliki

Role Director

Type	Security	Shares	Price	Value
holding	Series C Preferred Shares	--	--	--
holding	Series C Preferred Shares	--	--	--
holding	Common shares, par value $0.01	--	--	--
holding	Common shares, par value $0.01	--	--	--

Holdings After Transaction: Series C Preferred Shares — 24,268,863 contracts (Indirect, Held through Mango Shipping Corp.); Series C Preferred Shares — 1,039,979 contracts (Indirect, Held by spouse through Mitzela Corp.); Common shares, par value $0.01 — 280 shares (Indirect, Held through Mango Shipping Corp.); Common shares, par value $0.01 — 420 shares (Indirect, Held by spouse through Mitzela Corp.)

Footnotes (5)

F1. Aliki Paliou owns and controls Mango Shipping Corp.
F2. Aliki Paliou's spouse, Andreas Michalopoulos, is an officer and director of the Issuer and owns and controls Mitzela Corp.
F3. The Series C Preferred Shares are convertible into the Issuer's Common Shares at any time at the option of the Reporting Person.
F4. The Series C Preferred Shares have no expiration date.
F5. Each Series C Preferred Share is convertible into a number of shares of Issuer's Common Stock determined by dividing (i) $25.00 plus the amount of any accrued and unpaid dividends thereon by (ii) a conversion price of $1.3576 per Common Share, subject to adjustment from time to time.

Key Figures

Underlying common shares via Mango Shipping Corp.: 24,268,863 shares Underlying common shares via Mitzela Corp.: 1,039,979 shares Indirect common shares via Mango Shipping Corp.: 280 shares +3 more

6 metrics

Underlying common shares via Mango Shipping Corp. 24,268,863 shares Common shares underlying Series C Preferred Shares held indirectly

Underlying common shares via Mitzela Corp. 1,039,979 shares Common shares underlying Series C Preferred Shares held indirectly by spouse

Indirect common shares via Mango Shipping Corp. 280 shares Common shares, par value $0.01, held indirectly

Indirect common shares via Mitzela Corp. 420 shares Common shares, par value $0.01, held indirectly by spouse

Preferred share reference amount $25.00 Amount plus accrued and unpaid dividends used in conversion formula

Conversion price per common share $1.3576 per share Conversion price used to determine common shares from each Series C Preferred Share

Key Terms

Series C Preferred Shares, Common shares, par value $0.01, conversion price, indirect, +1 more

5 terms

Series C Preferred Shares financial

"security_title": "Series C Preferred Shares""

Series C preferred shares are a specific class of stock issued in a later-stage funding round that gives holders priority over common shareholders for dividend payments and for getting money back if the company is sold or liquidated. Think of them like a reserved lane on a highway: they typically carry negotiated protections — such as priority payouts, defined payout terms, and the option to convert into common shares — which change the risk and potential return compared with ordinary stock.

Common shares, par value $0.01 financial

"underlying_security_title": "Common shares, par value $0.01""

conversion price financial

"by (ii) a conversion price of $1.3576 per Common Share"

The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.

indirect financial

""ownership_type": "indirect""

expiration date financial

"The Series C Preferred Shares have no expiration date."

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

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

What does Performance Shipping (PSHG) director Aliki Paliou report in this Form 3?

The filing reports Aliki Paliou’s initial indirect ownership in Performance Shipping securities. She discloses Series C Preferred Shares and common shares held through Mango Shipping Corp. and Mitzela Corp., providing a baseline of her and her spouse’s equity-linked position in the company.

How many Performance Shipping (PSHG) common shares are underlying the reported Series C Preferred Shares?

The Series C Preferred Shares reported are convertible into 24,268,863 common shares through Mango Shipping Corp. and 1,039,979 common shares through Mitzela Corp. These figures describe the potential common stock issuable upon conversion of the preferred shares at the stated conversion terms.

What are the conversion terms of Performance Shipping’s Series C Preferred Shares?

Each Series C Preferred Share is convertible into common shares by dividing $25.00 plus accrued and unpaid dividends by a $1.3576 conversion price per common share. The conversion price may be adjusted over time as specified, and the preferred shares have no expiration date.

Does this Performance Shipping (PSHG) Form 3 show any insider buying or selling activity?

The Form 3 presents holdings rather than transactions, listing indirect positions in preferred and common shares. It does not classify any entry as a purchase or sale, instead establishing the director’s and her spouse’s existing equity-linked interests as of the reported date.

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

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Accepted by SEC EDGAR 04/01/2026 - 04:16 PM EDT

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^*

Paliou Aliki

(Last)

(First)

(Middle)

373 SYNGROU AVENUE

(Street)

ATHENS,

PALAIO FALIRO,

175 64

(City)

(State)

(Zip)

GREECE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2026

3. Issuer Name and Ticker or Trading Symbol
Performance Shipping Inc. [ PSHG ]

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 shares, par value $0.01	280	I	Held through Mango Shipping Corp.⁽¹⁾
Common shares, par value $0.01	420	I	Held by spouse through Mitzela Corp.⁽²⁾

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Series C Preferred Shares	⁽³⁾	⁽⁴⁾	Common shares, par value $0.01	24,268,863	⁽⁵⁾	I	Held through Mango Shipping Corp.⁽¹⁾
Series C Preferred Shares	⁽³⁾	⁽⁴⁾	Common shares, par value $0.01	1,039,979	⁽⁵⁾	I	Held by spouse through Mitzela Corp.⁽²⁾

Explanation of Responses:

1. Aliki Paliou owns and controls Mango Shipping Corp.

2. Aliki Paliou's spouse, Andreas Michalopoulos, is an officer and director of the Issuer and owns and controls Mitzela Corp.

3. The Series C Preferred Shares are convertible into the Issuer's Common Shares at any time at the option of the Reporting Person.

4. The Series C Preferred Shares have no expiration date.

5. Each Series C Preferred Share is convertible into a number of shares of Issuer's Common Stock determined by dividing (i) $25.00 plus the amount of any accrued and unpaid dividends thereon by (ii) a conversion price of $1.3576 per Common Share, subject to adjustment from time to time.

Remarks:

24: Power of Attorney of Aliki Paliou dated March 13, 2026

	/s/ Karla von Felbinger, Attorney-in-Fact, pursuant to power of attorney attached hereto	04/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR