Star Bulk Carriers (SBLK) director gifts 118,720 shares, reports 245,456 held
Rhea-AI Filing Summary
Star Bulk Carriers Corp. director Capralos Spyridon reported a disposition of common shares by bona fide gift. He transferred 118,720 common shares, previously held indirectly through a legal entity, to his daughter at a reported price of $0.00 per share. Following the gift, he reports 245,456 common shares held directly and disclaims beneficial ownership and any pecuniary interest in the transferred shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 118,720 shares
Net Sell
1 txn
Insider
Capralos Spyridon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common shares, par value $0.01 per share F1 | 118,720 | $0.00 | $0.00 |
Holdings After Transaction:
Common shares, par value $0.01 per share — 245,456 shares (Direct)
Footnotes (1)
- F1. Represents shares previously held indirectly by the Reporting Person through a legal entity that were transferred by bona fide gift to the Reporting Person's daughter. Following the gift, the Reporting Person disclaims beneficial ownership of the transferred shares and has no pecuniary interest therein.
Key Figures
Shares gifted: 118,720 shares
Price per share for gift: $0.00 per share
Shares held after transaction: 245,456 shares
3 metrics
Shares gifted
118,720 shares
Common shares transferred as a bona fide gift on 2026-08-06
Price per share for gift
$0.00 per share
Reported transaction price for the gifted common shares
Shares held after transaction
245,456 shares
Common shares reported as directly held by Capralos Spyridon following the gift
Key Terms
bona fide gift, beneficial ownership, pecuniary interest
3 terms
bona fide gift financial
"transaction code G is described as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"the Reporting Person disclaims beneficial ownership of the transferred 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.
pecuniary interest financial
"has no pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Capralos Spyridon report for SBLK?
Capralos Spyridon reported a bona fide gift of 118,720 common shares of Star Bulk Carriers Corp. to his daughter. The shares were previously held indirectly through a legal entity before the transfer.
Was the SBLK insider transaction a sale or a gift?
The reported transaction was a bona fide gift, not a market sale. 118,720 shares of Star Bulk Carriers Corp. common stock were transferred to the reporting person’s daughter with a reported per-share price of $0.00.