OceanPal Inc. director Chrysochoidis Alexios has filed an initial ownership report showing holdings of 383 shares of the company’s 8% Series C cumulative convertible perpetual preferred stock. These preferred shares are currently convertible into an aggregate of 612,114 common shares based on a VWAP calculation as of March 17, 2026.
The Series C preferred shares are convertible at the director’s option, but only within specific ownership limits. Conversion is restricted so that it cannot result in him becoming the beneficial owner of more than 49% of OceanPal’s total issued and outstanding common shares, among other stated restrictions.
OceanPal Inc. filed an initial insider ownership report for Chief Accounting Officer Tsakiri Konstantina. This Form 3 identifies her as an executive officer subject to insider reporting rules but shows no reported purchases, sales, or other transactions in the provided data.
OceanPal Inc. filed an initial ownership report for insider Perri Robert Jonathan, who serves as Co-Chief Executive Officer. This Form 3 does not list any reportable transactions or holdings, and the transaction summary shows no buys, sells, exercises, or other changes in ownership.
OceanPal Inc. filed an initial ownership report for Chief Financial Officer Plousaki Vasiliki. This Form 3 identifies her as an officer of the company and confirms there are no reported transactions in the filing, such as share purchases, sales, or option exercises.
OceanPal Inc. reported that Ioannis Zafirakis resigned from its Board of Directors and Executive Committee, effective immediately, and stated his departure was not due to any disagreement over operations, policies, or practices. The company appointed Peter Marton as a Class III director to serve the remainder of his term.
Marton brings extensive experience in digital assets, regulation, and risk management, including senior roles at Cari Network, Fireblocks, and the New York Department of Financial Services. He has no related-party transactions or family ties with current leadership and will be paid under OceanPal’s standard non-employee director compensation program. The report is incorporated by reference into OceanPal’s effective Form F-3 registration statements.
OceanPal Inc. received an updated Schedule 13D showing a change in who controls a major shareholder. Blackdragon Ventures LLC continues to beneficially own 3,592,156 shares of common stock (3,406,605 shares plus 185,551 shares issuable from pre-funded warrants), representing about 10.4% of OceanPal’s common stock.
On December 31, 2025, Illia Polosukhin transferred all of his membership interests in Blackdragon to his mother, Tamara Polosukhina, for estate and family planning purposes and for no monetary consideration. As a result, Polosukhina, as sole member of Blackdragon, now has sole voting and dispositive power over these securities, while Polosukhin no longer owns or controls any OceanPal shares.
The filing also notes that Illia Polosukhin serves as an independent contractor business advisor to SovereignAI Services LLC, an OceanPal subsidiary, under a two-year Business Advisor Agreement dated November 19, 2025, providing strategic advice on crypto technology, digital asset marketing, partnerships, and OceanPal’s NEAR token treasury strategy.
OceanPal Inc. engaged CBIZ CPAs P.C. as its new independent registered public accounting firm, effective immediately. CBIZ CPAs succeeds Ernst & Young (Hellas) Certified Auditors Accountants S.A., which resigned as auditor on October 28, 2025.
The company states that during the fiscal years ended December 31, 2023 and 2024, and through January 26, 2026, it did not consult CBIZ CPAs on accounting principles, potential audit opinions, or any matters involving disagreements or reportable events under Form 20-F. The report is also incorporated by reference into OceanPal’s effective Form F-3 registration statements.
OceanPal Inc. shareholder Semiramis Paliou, together with Tuscany Shipping Corp. and 4 Sweet Dreams S.A., has filed Amendment No. 43 to update their ownership in the company’s common stock. As of January 8, 2026, they report beneficial ownership of 7,759,546 OceanPal shares, equal to 19.47% of the 34,300,471 shares outstanding.
The position is held mainly through 6,250 shares of Series C Preferred Stock, convertible into 5,563,468 common shares, plus 2,196,078 common shares received in a PIPE transaction. The amendment reflects a decrease in percentage ownership arising from the sale and tender of previously held Series D Preferred Stock, partially offset by a lower conversion price on the Series C Preferred Stock.
The preferred shares are subject to ownership limits that prevent the Reporting Persons from exceeding 49% of outstanding common stock, and a Shareholder Covenant Agreement restricts conversions and transfers without OceanPal’s prior written consent. Paliou resigned as a director and Chairperson on October 28, 2025 and states that the holdings are for investment purposes, while reserving the right to buy or sell shares and to discuss strategic alternatives with management, the board, and other shareholders.
OceanPal Inc. received Amendment No. 23 to a Schedule 13D from Abra Marinvest Inc. and Ioannis Zafirakis updating their ownership in the company’s common stock. As of January 8, 2026, they report beneficial ownership of 2,717,827 shares, or 7.52% of OceanPal’s 34,300,471 shares outstanding. This stake consists of 2,084 Series C Preferred shares convertible into 1,855,082 common shares plus 862,745 common shares issued in an October 28, 2025 PIPE.
The amendment notes a decrease in percentage ownership tied to the sale and tender of Series D Preferred Stock, partly offset by a lower conversion price on the Series C Preferred. Conversions of both Series C and Series D are limited by a 49% beneficial ownership cap and a Shareholder Covenant requiring the issuer’s consent for conversions or transfers. Zafirakis, a director and Executive Committee member, states the holdings are for investment purposes but may be increased or reduced over time.
OceanPal Inc. reported changes to its Board of Directors. On January 20, 2026, Grigorios-Filippos Psaltis resigned from the board and from the company’s Compensation Committee, effective immediately. He informed the company that his resignation was not due to any disagreement over operations, policies, or practices.
Immediately following this resignation, OceanPal appointed James Gereghty, Jr. as a Class II director for the remainder of Mr. Psaltis’ term, and added him to the Audit Committee. Mr. Gereghty is an experienced investment advisor, serving as Managing Partner of Kips Bay Consulting LLC since 2020 and Managing Director and Partner of Solaia Capital Advisors LLC since 2019. He will be compensated under the company’s standard program for non-employee directors.