Star Bulk Carriers (SBLK) co-CFO reports over 180,000 shares on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Star Bulk Carriers Corp. co-CFO Christos Begleris has filed an initial ownership report outlining his stake in the company. The filing shows direct ownership of 144,887 common shares of par value $0.01 per share and indirect ownership of 39,978 common shares.
The indirect position is held through a company in which he holds 100% of the economic interest, meaning he benefits financially from those shares even though they are not registered in his name. This Form 3 does not reflect new buying or selling activity but establishes his existing ownership as an officer of Star Bulk Carriers.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Begleris Christos
Role
co CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares of Par Value $0.01 per share | -- | -- | -- |
| holding | Common Shares of Par Value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Shares of Par Value $0.01 per share — 144,887 shares (Direct);
Common Shares of Par Value $0.01 per share — 39,978 shares (Indirect, Reporting Person holds 100% of the economic interest of the company holding these shares)
Footnotes (1)
FAQ
What does the Form 3 for Star Bulk Carriers (SBLK) show about Christos Begleris' holdings?
The Form 3 shows that co-CFO Christos Begleris holds 144,887 Star Bulk Carriers common shares directly and 39,978 common shares indirectly. It is an initial ownership report, not a record of new purchases or sales.
Does the Star Bulk Carriers (SBLK) Form 3 indicate any recent insider buying or selling by Christos Begleris?
No, the Form 3 does not indicate recent buying or selling. It records existing positions as of the reporting date, with transaction direction marked as unknown and no buy or sell transactions listed in the transaction summary.
What is the meaning of indirect ownership in the Star Bulk Carriers (SBLK) Form 3 filing?
Indirect ownership means the shares are held by another entity, not directly in the individual’s name. In this filing, 39,978 Star Bulk Carriers shares are held by a company where Christos Begleris holds 100% of the economic interest, so he benefits financially from them.
Why did Star Bulk Carriers (SBLK) co-CFO Christos Begleris file a Form 3?
A Form 3 is required when someone becomes an officer, director, or 10% owner of a public company. Christos Begleris, as co-CFO of Star Bulk Carriers, filed to disclose his existing direct and indirect common share holdings in compliance with SEC rules.