Tsakos Energy CEO-linked entity buys 25K shares
TSAKOS ENERGY NAVIGATION LTD director and CEO Nikolaos Tsakos reported open-market purchases of common shares through an affiliated entity.
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Form Type
4
Rhea-AI Filing Summary
TSAKOS ENERGY NAVIGATION LTD director and CEO Nikolaos Tsakos reported open-market purchases of common shares through an affiliated entity. Intermed Champion S.A. of Panama bought 25,000 common shares in two transactions at weighted average prices of $39.9189 and $39.9484 per share, within price ranges from $39.4398 to $40.35. After these buys, Intermed Champion S.A. holds 918,500 common shares. The filing also reports additional indirect holdings through Sea Consolidation S.A. of Panama, Methoni Shipping Company Limited, and Tsakos Energy Management Limited, plus 81,600 common shares held directly.
Insider Trade Summary
Net Buyer: 25,000 shares
Net Buy
6 txns
Insider
TSAKOS NIKOLAOS
Role
Chief Executive Officer
Bought
25,000 shs ($998K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 12,500 | $39.9484 | $499K |
| Purchase | Common Shares | 12,500 | $39.9189 | $499K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 918,500 shares (Indirect, By Intermed Champion S.A. of Panama);
Common Shares — 81,600 shares (Direct);
Common Shares — 1,550,000 shares (Indirect, By Sea Consolidation S.A. of Panama);
Common Shares — 1,448,702 shares (Indirect, By Methoni Shipping Company Limited);
Common Shares — 1,075,000 shares (Indirect, By Tsakos Energy Management Limited)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $39.4398 to $40.34. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F2. Shares held by Intermed Champion S.A. of Panama ("Intermed"). The Reporting Person has or shares voting and dispositive power with respect to the shares held by Intermed and may be deemed to beneficially own such securities by virtue of such relationship. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- F3. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $39.635 to $40.35. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range.
- F4. Shares held by Sea Consolidation S.A. of Panama ("Sea Consolidation"). The Reporting Person controls Sea Consolidation and may be deemed to beneficially own the securities held by Sea Consolidation by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- F5. Shares held by Methoni Shipping Company Limited ("Methoni"). The Reporting Person has or shares voting and dispositive power with respect to the shares held by Methoni and may be deemed to beneficially own such securities by virtue of such relationship. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- F6. Shares held by Tsakos Energy Management Limited ("TEM"). The Reporting Person controls TEM and may be deemed to beneficially own the securities held by TEM by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
Key Figures
Open-market purchases: 25,000 shares
Weighted average price (4/28 block): $39.9189 per share
Weighted average price (4/29 block): $39.9484 per share
+5 more
8 metrics
Open-market purchases
25,000 shares
Common shares bought through Intermed Champion S.A. of Panama
Weighted average price (4/28 block)
$39.9189 per share
12,500 TEN common shares; trades ranged from $39.635 to $40.35
Weighted average price (4/29 block)
$39.9484 per share
12,500 TEN common shares; trades ranged from $39.4398 to $40.34
Intermed holdings after purchases
918,500 shares
Common shares of TSAKOS ENERGY NAVIGATION LTD held by Intermed Champion S.A.
Sea Consolidation holdings
1,550,000 shares
Indirect TEN common share holdings via Sea Consolidation S.A. of Panama
Methoni holdings
1,448,702 shares
Indirect TEN common share holdings via Methoni Shipping Company Limited
Tsakos Energy Management holdings
1,075,000 shares
Indirect TEN common share holdings via Tsakos Energy Management Limited
Directly held shares
81,600 shares
TEN common shares held directly by the reporting person
Key Terms
open-market purchase, weighted average price, voting and dispositive power, beneficial ownership, +2 more
6 terms
open-market purchase financial
"transaction_action: "open-market purchase" for common share buys"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
voting and dispositive power financial
"The Reporting Person has or shares voting and dispositive power with respect to the shares"
beneficial ownership financial
"may be deemed to beneficially own such securities by virtue of such relationship"
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
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions were reported for TEN on this Form 4?
The filing shows affiliated entity Intermed Champion S.A. of Panama purchased 25,000 TEN common shares in open-market transactions. These buys occurred in two 12,500-share blocks at weighted average prices around $39.93–$39.95 per share, within disclosed intraday price ranges.
Who is the insider involved in the TEN Form 4 filing?
The reporting person is Nikolaos Tsakos, director and Chief Executive Officer of TSAKOS ENERGY NAVIGATION LTD. The reported purchases were made through Intermed Champion S.A. of Panama, an entity where he has or shares voting and dispositive power over the TEN common shares held.
Does the TEN Form 4 mention beneficial ownership disclaimers?
Yes. Footnotes state Nikolaos Tsakos may be deemed to beneficially own shares held by Intermed, Sea Consolidation, Methoni, and Tsakos Energy Management through control or shared voting power, but he disclaims beneficial ownership for Section 16 purposes except to the extent of any pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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