Safe Bulkers CEO entity buys 1.5M shares
Rhea-AI Filing Summary
SAFE BULKERS, INC. (SB) reported that an entity associated with its Chief Executive Officer, Polys Hajioannou, agreed on September 9, 2026 to acquire 1,500,000 shares of Common Stock from the company in a private placement at €6.70 per share (approximately $7.81 per share at an exchange reference rate of €1 to $1.1652); the acquisition settled on September 11, 2026. The shares are held by Moutoulas Shipping Corporation, and several other entities hold additional indirect positions; Mr. Hajioannou may be deemed a beneficial owner under Rule 16a-1(a) but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,500,000 shares
Grant/Award
7 txns
Insider
Hajioannou Polys
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2, F3 | 1,500,000 | -- | -- |
| holding | Common Stock F2, F4 | -- | -- | -- |
| holding | Common Stock F2, F5 | -- | -- | -- |
| holding | Common Stock F2, F6 | -- | -- | -- |
| holding | Common Stock F2, F7 | -- | -- | -- |
| holding | Common Stock F2, F8 | -- | -- | -- |
| holding | Common Stock F2, F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 49,881,427 shares (Indirect, See Footnotes)
Footnotes (9)
- F1. On September 9, 2026, Moutoulas Shipping Corporation ("Moutoulas") agreed to acquire from the Issuer, in a private placement, 1,500,000 shares of Common Stock, at a price of (euro) 6.70 per share (approximately equivalent to $7.81 per share, at an exchange reference rate of (euro)1 to $1.1652 as published by the European Central Bank for September 9, 2026), which acquisition settled on September 11, 2026.
- F2. Mr. Hajioannou disclaims any beneficial ownership of any of the equity securities of the Issuer reported on this Form 4 (the "Subject Securities"), except to the extent of any pecuniary interest therein.
- F3. These Subject Securities are held by Moutoulas. Mr. Hajioannou is the President and Director of Moutoulas and may be deemed to be the beneficial owner of the Subject Securities held by Moutoulas for purposes of Rule 16a-1(a) under the Securities and Exchange Act of 1934, as amended ("Rule 16a-1(a)").
- F4. These Subject Securities are held by Vorini Holdings Inc. ("Vorini"). Mr. Hajioannou is the President and Director of Vorini and may be deemed to be the beneficial owner of the Subject Securities held by Vorini for purposes of Rule 16a-1(a).
- F5. These Subject Securities are held by Akamas Maritime Inc. ("Akamas"). Mr. Hajioannou is the President and Director of Akamas and may be deemed to be the beneficial owner of the Subject Securities held by Akamas for purposes of Rule 16a-1(a).
- F6. These Subject Securities are held by Chalkoessa Maritime Inc. ("Chalkoessa"). Mr. Hajioannou is the President and Director of Chalkoessa and may be deemed to be the beneficial owner of the Subject Securities held by Chalkoessa for purposes of Rule 16a-1(a).
- F7. These Subject Securities are held by Lefkoniko Maritime Inc. ("Lefkoniko"). Mr. Hajioannou is the President and Director of Lefkoniko and may be deemed to be the beneficial owner of the Subject Securities held by Lefkoniko for purposes of Rule 16a-1(a).
- F8. These Subject Securities are held by Kyperounta Maritime Inc. ("Kyperounta"). Mr. Hajioannou is the President and Director of Kyperounta and may be deemed to be the beneficial owner of the Subject Securities held by Kyperounta for purposes of Rule 16a-1(a).
- F9. These Subject Securities are held by Bellapais Maritime Inc. ("Bellapais"). Mr. Hajioannou is the President and Director of Bellapais and may be deemed to be the beneficial owner of the Subject Securities held by Bellapais for purposes of Rule 16a-1(a).
Key Figures
Shares acquired in private placement: 1,500,000 shares
Acquisition price per share in euros: €6.70 per share
Approximate acquisition price per share in U.S. dollars: $7.81 per share
+3 more
6 metrics
Shares acquired in private placement
1,500,000 shares
Common Stock acquired by Moutoulas Shipping Corporation; agreement on September 9, 2026 and settlement on September 11, 2026
Acquisition price per share in euros
€6.70 per share
Price for the 1,500,000 SB shares acquired in the private placement
Approximate acquisition price per share in U.S. dollars
$7.81 per share
Euro price converted using the stated exchange reference rate for September 9, 2026
Exchange reference rate
€1 to $1.1652
Rate published by the European Central Bank for September 9, 2026, used to convert the €6.70 price
Agreement date
September 9, 2026
Date Moutoulas Shipping Corporation agreed to acquire the 1,500,000 shares
Settlement date
September 11, 2026
Date the private placement acquisition of 1,500,000 shares settled
Key Terms
private placement, beneficial owner, pecuniary interest, Rule 16a-1(a), +1 more
5 terms
private placement financial
"agreed to acquire from the Issuer, in a private placement, 1,500,000 shares"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
beneficial owner financial
"may be deemed to be the beneficial owner of the Subject Securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims any beneficial ownership ... except to the extent of any pecuniary interest"
Rule 16a-1(a) regulatory
"for purposes of Rule 16a-1(a) under the Securities and Exchange Act of 1934"
exchange reference rate financial
"at an exchange reference rate of (euro)1 to $1.1652 as published"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SAFE BULKERS, INC. (SB) report on this Form 4?
The filing reports that Moutoulas Shipping Corporation, an entity associated with SB’s CEO Polys Hajioannou, acquired 1,500,000 shares of Common Stock from the company in a private placement that settled on September 11, 2026.
When was the agreement and settlement date for the SB private placement?
The agreement for the private placement was made on September 9, 2026, and the acquisition of 1,500,000 SB shares by Moutoulas Shipping Corporation settled on September 11, 2026, according to the Form 4 footnote.
Were the reported SB transactions made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, so no Rule 10b5-1 trading plan is reported in connection with the 1,500,000-share acquisition disclosed on this Form 4.
Which entities besides Moutoulas are mentioned as holding SB equity securities?
The Form 4 notes that Subject Securities are held by entities including Vorini Holdings Inc., Akamas Maritime Inc., Chalkoessa Maritime Inc., Lefkoniko Maritime Inc., Kyperounta Maritime Inc., and Bellapais Maritime Inc., with Polys Hajioannou as President and Director of each.
AI-generated analysis. How Rhea-AI works. Not financial advice.
