OceanPal Inc. (SVRN) director exits stake via preferred share cancellation

Rhea-AI Filing Summary

OceanPal Inc. director Alexios Chrysochoidis transferred 383 8% Series C cumulative convertible perpetual preferred shares to the company on July 31, 2026 for cancellation. These derivative securities represented 612,114 underlying common shares. After this disposition to the issuer, he no longer beneficially owns any OceanPal securities.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chrysochoidis Alexios

Role Director

Type	Security	Shares	Price	Value
Disposition	8% Series C Cum. Con. Perpetual Preferred Shares F1	383	--	--

Holdings After Transaction: 8% Series C Cum. Con. Perpetual Preferred Shares — 0 shares (Direct)

Footnotes (1)

1. F1. On July 31, 2026, the Reporting Person transferred all of his Series C Preferred Shares to the Issuer for cancellation. Following the transaction, the Reporting Person no longer beneficially owns any securities of the Issuer.

Key Figures

Preferred shares disposed: 383 shares Underlying common shares: 612,114 shares Holdings after transaction: 0 shares +1 more

4 metrics

Preferred shares disposed 383 shares 8% Series C Cum. Con. Perpetual Preferred Shares transferred to issuer on July 31, 2026

Underlying common shares 612,114 shares Underlying security shares associated with the disposed Series C preferred

Holdings after transaction 0 shares Total securities beneficially owned after the July 31, 2026 disposition

Transaction date July 31, 2026 Date Series C preferred shares were transferred to OceanPal for cancellation

Key Terms

8% Series C Cum. Con. Perpetual Preferred Shares, Disposition to issuer, beneficially owns

3 terms

8% Series C Cum. Con. Perpetual Preferred Shares financial

"security_title: "8% Series C Cum. Con. Perpetual Preferred Shares""

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

beneficially owns regulatory

"Reporting Person no longer beneficially owns any securities of the Issuer"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/04/2026 - 04:43 PM Accepted by SEC EDGAR 08/04/2026 - 04:43 PM Learn about SEC filing dates

FAQ

What insider transaction did OceanPal (SVRN) report for Alexios Chrysochoidis?

OceanPal reported that director Alexios Chrysochoidis transferred 383 Series C preferred shares to the company for cancellation on July 31, 2026. These shares were a derivative security tied to OceanPal common stock.

How many OceanPal (SVRN) shares were affected by the director’s Form 4 transaction?

The director disposed of 383 Series C preferred shares, representing 612,114 underlying common shares. All of these derivative securities were transferred to OceanPal for cancellation in a single transaction.

Does the OceanPal (SVRN) director still own any company securities after this Form 4?

According to the disclosure, the director no longer beneficially owns any securities of OceanPal after the transaction. The transfer of his Series C preferred shares for cancellation eliminated his reported beneficial ownership stake.

What type of security did the OceanPal (SVRN) Form 4 transaction involve?

The transaction involved 8% Series C cumulative convertible perpetual preferred shares, classified as a derivative security. These preferred shares were convertible into 612,114 OceanPal common shares before being transferred to the issuer for cancellation.

Was the OceanPal (SVRN) insider transaction reported under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as a plan transaction. The narrative instead focuses on the full transfer and cancellation of the director’s Series C preferred shares and resulting end of beneficial ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chrysochoidis Alexios

(Last) (First) (Middle)

PENDELIS 26 PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

GREECE

(Country)

2. Issuer Name and Ticker or Trading Symbol
OceanPal Inc. [ SVRN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
8% Series C Cum. Con. Perpetual Preferred Shares	(1)	07/31/2026		D			383	(1)	(1)	Common Stock	612,114	(1)	0	D

Explanation of Responses:

1. On July 31, 2026, the Reporting Person transferred all of his Series C Preferred Shares to the Issuer for cancellation. Following the transaction, the Reporting Person no longer beneficially owns any securities of the Issuer.

	/s/ Alexios Chrysochoidis	08/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)