Star Bulk director buys 50K shares at $30.70
Rhea-AI Filing Summary
Star Bulk Carriers Corp. (SBLK) had a Form 4 filed by director Raffaele Zagari reporting one indirect equity transaction. An entity associated with the director acquired 50,000 common shares at $30.70 per share on August 24, 2026, held through two corporations in which he holds 100% of the economic interest and has investment control. Following this transaction, the associated entities held 1,953,000 common shares of Star Bulk Carriers Corp. indirectly.
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Insights
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Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
1 txn
Insider
Zagari Raffaele
Role
Director
Sold
50,000 shs ($1.53M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common shares, par value $0.01 per share F1 | 50,000 | $30.70 | $1.53M |
Holdings After Transaction:
Common shares, par value $0.01 per share — 1,953,000 shares (Indirect, By Corporation)
Footnotes (1)
- F1. These shares are held by two corporations in which the reporting person indirectly holds 100% of the economic interest and over which the reporting person has investment control
Key Figures
Shares transacted: 50,000 common shares
Transaction price per share: $30.70 per share
Indirect holdings after transaction: 1,953,000 common shares
3 metrics
Shares transacted
50,000 common shares
Indirect acquisition reported by director on August 24, 2026
Transaction price per share
$30.70 per share
Price for the 50,000 common shares transacted
Indirect holdings after transaction
1,953,000 common shares
Total indirect Star Bulk Carriers Corp. shares after reported transaction
Key Terms
indirect ownership, investment control, economic interest
3 terms
indirect ownership financial
"The reported Star Bulk Carriers Corp. shares are held indirectly"
investment control financial
"over which the reporting person has investment control"
economic interest financial
"indirectly holds 100% of the economic interest"
An economic interest is a right to receive money or other financial benefits from an asset, contract, or business activity without necessarily owning or controlling it; examples include a share of profits, royalties, dividend rights, or scheduled payments. Investors care because it determines who gets cash flow and bears risk — like collecting rent on a house you don’t legally own — and it affects valuation, expected returns, and how exposure to an investment is structured.
FAQ
What insider transaction in SBLK did director Raffaele Zagari report?
Director Raffaele Zagari reported an indirect acquisition of 50,000 common shares of Star Bulk Carriers Corp. on August 24, 2026, held through two corporations he fully owns economically and over which he has investment control.
Was the SBLK Form 4 transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, meaning the transaction was not identified as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.