Welcome to our dedicated page for Top Ships SEC filings (Ticker: TOPS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TOP Ships Inc. (TOPS) SEC filings page on Stock Titan brings together the company’s U.S. regulatory disclosures as a foreign private issuer, along with AI-powered tools to help interpret them. TOP Ships files an annual report on Form 20-F and frequent Form 6-K current reports that incorporate press releases, interim financial statements, proxy materials, and other information.
In these filings, TOP Ships describes itself as an international owner and operator of modern, fuel-efficient ECO tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals under time charter agreements. The filings provide detail on operating segments such as tanker shipping and a megayacht segment, vessel types including VLCCs, Suezmax tankers, and MR product tankers, and the use of sale-and-leaseback financing with a major Chinese financier. They also outline covenants on leverage and minimum liquidity, and discuss refinancing transactions for specific vessels.
Form 6-K reports include information on time charter amendments and extensions, such as revised terms for the Suezmax tanker M/T Eco Oceano and the MR product tanker M/T Eco Marina Del Ray, as well as related-party transactions overseen by independent board committees. Other filings describe the planned spin-off of Rubico Inc., including Rubico’s Form 20-F registration statement, Nasdaq Capital Market listing approval, and the distribution mechanics for Rubico shares to TOP Ships securityholders.
Stock Titan’s interface surfaces these SEC documents in real time from EDGAR and applies AI-generated summaries to highlight key points in lengthy filings. Users can quickly locate annual reports (Form 20-F), interim and transactional disclosures (Form 6-K), and other incorporated materials, while AI explanations help clarify complex sections such as financing structures, segment disclosures, and forward-looking statement risk factors.
TOP Ships Inc. received an updated Schedule 13D/A from Family Trading Inc., the 3 Sororibus Trust and CEO Evangelos J. Pistiolis, reflecting changes in their beneficial ownership of common stock. The amendment notes that from April 7 to May 5, 2026, the company issued 101,627 common shares under an at-the-market program, increasing total shares outstanding to 5,532,146 as of May 5, 2026 and reducing the reporting persons’ ownership percentages.
Family Trading Inc. and the 3 Sororibus Trust each report beneficial ownership of 2,930,718 common shares, or about 52.98% of the outstanding common shares, with shared voting and dispositive power over those shares. Mr. Pistiolis reports beneficial ownership of 440,711 common shares, or about 7.97%, with sole voting and dispositive power. The filing explains that these parties expressly disclaim forming a group under Section 13(d), though it calculates that, if they were deemed a group, they would beneficially own 3,371,429 shares, or roughly 60.95% of the common shares and related voting power.
The amendment also updates disclosure on preferred stock. It describes 100,000 shares of Series D Preferred Stock issued in 2017 to an entity affiliated with a family trust, each carrying the voting power of 1,000 common shares but no economic rights or convertibility. In March 2026, the company issued 14,000 shares of Series G Preferred Stock to another family affiliate, each with the voting power of 1,000 common shares but subject to a 19.99% cap on any beneficial owner’s aggregate voting power. The issuer may, under specified conditions, convert Series G Preferred Stock into common shares.
TOP Ships Inc. filed a preliminary Form F-1 registration statement to offer up to 3,690,036 Units, each Unit consisting of one common share and one and one-half Class D Warrants, at an assumed public offering price of $2.71 per Unit. The offering is a best-efforts placement by Maxim Group LLC and contemplates pre-funded warrants (exercise price $0.01) for investors who would otherwise exceed beneficial ownership caps of 4.99% (or up to 9.99%). The prospectus estimates net proceeds of approximately $9.2 million, but the offering has no minimum and proceeds may be substantially less. The filing registers the common shares issuable upon exercise of the Class D Warrants, Pre-funded Warrants, and Placement Agent Warrants and discloses concentrated voting control by trusts and affiliates of President and CEO Evangelos J. Pistiolis.
TOP Ships Inc. entered a Common Share Purchase Agreement with B. Riley Principal Capital II, giving it the right to sell up to $50.0 million of common shares over a 36‑month period, at its sole discretion. Shares sold will be priced at 97% of VWAP for the relevant trading period, with a minimum prior‑day closing price of $1.00 per share and a 4.99% beneficial ownership cap for B. Riley. The company has also filed a Form F‑1 to register 50,000,000 common shares for B. Riley’s resale. Proceeds are expected to be used for general corporate purposes, including working capital, debt repayment and fleet expansion.
TOP Ships Inc. filed a registration statement to register for resale up to 50,000,000 Common Shares by B. Riley Principal Capital II, LLC under a committed purchase agreement. The company may, at its option, sell up to $50,000,000 of Common Shares to the Selling Shareholder; proceeds from resales by the selling holder will not be paid to the company. As of April 24, 2026, TOP Ships had 5,500,820 Common Shares outstanding and reported that related trusts and affiliates control approximately 98.22% of total voting power, which may limit public shareholders' influence.
TOP Ships Inc. submitted a Form 6-K to notify investors that it has filed its annual report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The annual report is available on both the company's website and the SEC’s website.
The company describes itself as an international owner and operator of modern, fuel-efficient eco tanker vessels that transport crude oil, petroleum products and bulk liquid chemicals.
TOP SHIPS INC. filed an initial insider ownership statement naming Karelas Konstantinos as a reporting person. He is identified as a director of the company and is not listed as an officer or a ten percent owner in this filing. The statement does not report any insider transactions.
TOP SHIPS INC. director and Chief Financial Officer Tsirikos Alexandros has filed an initial Form 3 insider ownership statement. This filing establishes his status as a reporting person for the company under SEC rules and does not list any share transactions or holdings.
TOP SHIPS INC. director Maria Zoupou filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. The filing lists her as a director of TOP SHIPS INC. but does not report any transactions or holdings in this excerpt.
TOP SHIPS INC. director Paolo Javarone filed an initial Form 3, which is the required statement of beneficial ownership when someone becomes an insider. The filing lists him as a director and shows no reportable stock transactions or derivative positions at this time.
TOP SHIPS INC. director and President & CEO Evangelos Pistiolis filed an initial ownership report showing his equity interests. He reports direct ownership of 440,711 common shares.
He also reports indirect interests in 2,930,718 common shares held through Family Trading Inc./3 Sororibus Trust, 100,000 Series D Preferred Shares via the Lax Trust, and 14,000 Series G Preferred Shares via Central Mare Inc. Mr. Pistiolis disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.