Star Bulk Carriers (SBLK) director corrects holdings to 31,500 shares
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Star Bulk Carriers Corp. director Raffaele Zagari filed an amended Form 3 updating his reported holdings. The amendment corrects a prior typo and now shows direct ownership of 31,500 common shares of Star Bulk Carriers, instead of the originally reported 11,750 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zagari Raffaele
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common shares, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common shares, par value $0.01 per share — 31,500 shares (Direct)
Footnotes (1)
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Key Figures
Directly owned common shares: 31,500 shares
Originally reported shares (typo): 11,750 shares
Par value per share: $0.01 per share
3 metrics
Directly owned common shares
31,500 shares
Total shares following reported entry
Originally reported shares (typo)
11,750 shares
Prior directly owned figure before correction
Par value per share
$0.01 per share
Par value of common shares reported
Key Terms
Form 3/A, beneficial ownership, par value
3 terms
Form 3/A regulatory
"Amended Form 3 updating insider holdings disclosure"
An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.
beneficial ownership financial
"Updated beneficial ownership now reflects 31,500 common shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
par value financial
"Common shares reported have a par value of $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What does the Star Bulk Carriers (SBLK) Form 3/A filing show?
The Form 3/A shows that director Raffaele Zagari corrected his reported holdings to 31,500 common shares of Star Bulk Carriers. This amendment fixes a prior typo and clarifies his direct ownership position without reporting any new transaction activity.
What was corrected in the Star Bulk Carriers (SBLK) Form 3/A footnote?
The footnote explains the amendment is to correct a typo in directly owned shares from an original figure of 11,750. The updated filing now reflects 31,500 directly owned common shares, aligning the public record with the correct ownership amount.
Does the Star Bulk Carriers (SBLK) Form 3/A report any new insider trades?
The Form 3/A does not report new buy or sell transactions. It classifies the entry as a holding record with an unknown transaction code and updates the total directly owned shares to 31,500, focusing solely on correcting previously reported ownership.
What type of security is reported in the Star Bulk Carriers (SBLK) Form 3/A?
The filing reports ownership of common shares of Star Bulk Carriers with a par value of $0.01 per share. These are standard equity shares, reflecting the director’s direct ownership position after the correction in the amended Form 3.