OceanPal Inc. (SVRN) director exits preferred stake, keeps 1.25% common

Rhea-AI Filing Summary

Eleftherios Papatrifon, a member of OceanPal Inc.’s Board of Directors and Executive Committee, reports beneficial ownership of 23,529 shares of common stock, representing 1.25% of the company’s 1,875,816 Shares outstanding as of July 31, 2026.

He sold all of his Series D Preferred Stock to OceanPal on December 1, 2025 pursuant to a promissory note and transferred all of his Series C Preferred Stock to the company for cancellation on July 31, 2026, so he no longer holds any of these preferred shares and has ceased to be a beneficial owner of more than five percent of the common stock. He may still acquire or dispose of common shares in the future and remains engaged with management, other directors and significant shareholders on alternatives to increase shareholder value.

Filing Explained

The filing formally closes the filer’s Schedule 13D reporting position: Amendment No. 18 is identified as the final amendment and an exit filing, with 23,529 common shares (1.25%) remaining after the preferred-stock dispositions.

Key Figures

Shares beneficially owned: 23,529 shares Ownership percentage: 1.25 % Shares outstanding: 1,875,816 shares +3 more

6 metrics

Shares beneficially owned 23,529 shares Common stock held by Eleftherios Papatrifon as reported

Ownership percentage 1.25 % Percent of OceanPal common stock class represented by 23,529 shares

Shares outstanding 1,875,816 shares OceanPal common Shares outstanding as of July 31, 2026

Beneficial ownership threshold 5 % Level above which Papatrifon ceased to be a beneficial owner as of July 31, 2026

Series D sale date December 1, 2025 Date all Series D Preferred Stock was sold to OceanPal under a promissory note

Series C cancellation date July 31, 2026 Date all Series C Preferred Stock was transferred to OceanPal for cancellation

Key Terms

beneficial ownership, Series C Preferred Stock, Series D Preferred Stock, Shareholder Covenant Agreement, +1 more

5 terms

beneficial ownership regulatory

"ceased to be the beneficial owner of more than five percent (5%)"

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.

Series C Preferred Stock financial

"ownership of the Issuer's Series C Preferred Stock and Series D Preferred Stock"

A Series C preferred stock is a specific class of ownership issued during a later funding round that gives holders priority over common shareholders for getting paid and receiving dividends, like having a reserved lane in traffic when money is distributed. It often includes agreed rights such as a fixed payout, protection against dilution, and the option to convert into common shares, so investors treat it as a mix of safety and upside potential.

Series D Preferred Stock financial

"sold all his shares of Series D Preferred Stock to the Issuer"

Series D preferred stock is a specific class of preferred shares typically issued in a later-stage financing round that gives holders special rights such as priority for payout before common shareholders, fixed or cumulative dividends, and often the option to convert into common shares. Investors care because these shares affect who gets paid first in a sale or liquidation, influence ownership and voting power, and change how future fundraising or an exit will impact an investor’s return—like a VIP ticket that can sometimes be exchanged for a regular ticket if that proves more valuable.

Shareholder Covenant Agreement financial

"subject to certain ownership restrictions contained in the Series C Preferred Stock and Series D Preferred Stock's statements of designation, together the "Statements of Designation" and a Shareholder Covenant Agreement"

statements of designation financial

"contained in the Series C Preferred Stock and Series D Preferred Stock's statements of designation"

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

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Available on EDGAR 08/04/2026 - 04:39 PM Accepted by SEC EDGAR 08/04/2026 - 04:39 PM Learn about SEC filing dates

FAQ

What change in ownership does the latest SVRN Schedule 13D/A reflect?

The update shows that Eleftherios Papatrifon now beneficially owns 23,529 OceanPal common shares, or 1.25% of 1,875,816 Shares outstanding as of July 31, 2026, and is no longer a beneficial owner of more than five percent.

How many OceanPal (SVRN) shares does Eleftherios Papatrifon currently hold?

Eleftherios Papatrifon is the record holder of 23,529 OceanPal common shares. Based on 1,875,816 Shares outstanding as of July 31, 2026, this position represents 1.25% of OceanPal’s issued and outstanding common stock class.

What happened to the Series C and Series D Preferred Stock in the SVRN ownership update?

Papatrifon sold all Series D Preferred Stock back to OceanPal on December 1, 2025 under a promissory note and transferred all Series C Preferred Stock to OceanPal for cancellation on July 31, 2026, leaving him with no preferred shares.

When did Papatrifon cease to be a >5% holder of SVRN common stock?

As of July 31, 2026, Papatrifon ceased to be the beneficial owner of more than 5% of OceanPal’s outstanding common stock, with his remaining 23,529 common shares representing 1.25% of the company’s 1,875,816 Shares outstanding.

Does the SVRN Schedule 13D/A indicate Papatrifon may change his OceanPal holdings?

Yes. The disclosure states he may acquire additional Shares or dispose of Shares over time, depending on investment evaluation, market conditions, other opportunities and factors, while continuing to engage with management and shareholders on ways to increase shareholder value.

What role does Eleftherios Papatrifon hold at OceanPal (SVRN) alongside his share ownership?

Papatrifon serves as a member of the Board of Directors and the Executive Committee of OceanPal Inc., giving him potential influence over corporate activities, including matters related to strategic alternatives and initiatives to increase shareholder value.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 18)

OceanPal Inc.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

Y6430L178

(CUSIP Number)

Ms. Rabbina Aziz
Pendelis 26, Palaio Faliro,
Athens, J3, 175 64
30-210-9485-360

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/31/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): Y6430L178

1

Name of reporting person

Papatrifon Eleftherios

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

GREECE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 23,529.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 23,529.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

23,529.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.25 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.01 par value per share
(b)	Name of Issuer: OceanPal Inc.
(c)	Address of Issuer's Principal Executive Offices: Pendelis 26, Palaio Faliro, Athens, GREECE , 175 64.
Item 1 Comment: This Amendment No. 18 (the "Amendment No. 18") to the Schedule 13D amends the statement on Schedule 13D that was originally filed with the U.S. Securities and Exchange Commission (the "Commission") on June 26, 2024, October 1, 2024, October 17, 2024, December 2, 2024, December 20, 2024, February 11, 2025, February 25, 2025, March 11, 2025, April 15, 2025, June 13, 2025, July 11, 2025, July 22, 2025, July 24, 2025, August 1, 2025, September 4, 2025, September 18, 2025, October 1, 2025 and October 30, 2025 (the "Schedule 13D"), filed by the Reporting Person (as defined below) related to the shares of common stock, par value $0.01 per share (the "Shares"), of OceanPal Inc. (the "Issuer"). This Amendment No. 18 is being filed to report a decrease in the percentage ownership of Shares that the Reporting Persons may be deemed to beneficially own though its ownership of the Issuer's Series C Preferred Stock and Series D Preferred Stock which may be converted into Shares of the Issuer at the Reporting Persons' option (subject to certain ownership restrictions contained in the Series C Preferred Stock and Series D Preferred Stock's statements of designation, together the "Statements of Designation" and a Shareholder Covenant Agreement) as a result of the Reporting Person's disposition of all his shares of Series C Preferred Stock and Series D Preferred Stock. This Amendment No. 18 is the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Person. Information given in response to each item below shall be deemed incorporated by reference in all other items below. Unless indicated otherwise, all items left blank remain unchanged in this Amendment No. 24, and any items which are amended below are deemed to amend and update the existing items in the Schedule 13D, as amended.
Item 4.	Purpose of Transaction
	On December 1, 2025, the Reporting Persons sold all his shares of Series D Preferred Stock to the Issuer pursuant to a promissory note. On July 31, 2026, the Reporting Person transferred all his Series C Preferred Stock to the Issuer for cancellation. Following such transactions, the Reporting Person no longer beneficially owns any Series C Preferred Stock or Series D Preferred Stock of the Issuer. The Reporting Person is a member of the Board of Directors and a member of the Executive Committee of the Issuer and may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Person acquired the Shares in connection with the Issuer's equity awards and the Series D Preferred Stock in connection with the Distributions and the Share Purchase Agreement as described herein solely for investment purposes. The Reporting Person, at any time and from time to time, may acquire additional Shares, including in connection with the provision of any services or other strategic transactions with the Issuer, or dispose of any or all of the Shares they then own depending upon an ongoing evaluation of their investment in the Shares, prevailing market conditions, other investment opportunities, other investment considerations and/or other factors. The Reporting Person further reserves the right to act in concert with any other shareholders of the Issuer, or other persons, for a common purpose should they determine to do so, and/or to recommend courses of action to the Issuer's management, the Issuer's Board of Directors, the Issuer's shareholders and others. In addition, the Reporting Person is in contact with members of the Issuer's management, the other members of the Issuer's Board of Directors, other significant shareholders and others regarding alternatives that the Issuer could employ to increase shareholder value.
Item 5.	Interest in Securities of the Issuer
(a)	As of July 31, 2026, the Issuer had 1,875,816 Shares outstanding. Based on the foregoing, the Reporting Person reports beneficial ownership of the following Shares.
(b)	The Reporting Person is the record holder of 23,529 shares of common stock, representing 1.25% of the Issuer's issued and outstanding Shares. The Reporting Person has the sole power to vote or direct the vote of 23,529 Shares.
(c)	Except as otherwise disclosed herein, no transactions in the Shares were effected by the Reporting Person during the past 60 days.
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Shares beneficially owned by the Reporting Person.
(e)	As of July 31, 2026, the Reporting Person ceased to be the beneficial owner of more than five percent (5%) of the outstanding Common Stock of Issuer. The filing of this Amendment No. 18 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Person.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Papatrifon Eleftherios

Signature:	/s/ Eleftherios Papatrifon
Name/Title:	Eleftherios Papatrifon
Date:	08/04/2026