TOP SHIPS (NASDAQ: TOPS) director Paolo Javarone files initial Form 3

Rhea-AI Filing Summary

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.

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SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

Javarone Paolo

(Last) (First) (Middle)

3/5 AVENUE DE GRANDE-BRETAGNE

(Street)

LES FLORALIES BLOC C 98000

(City) (State) (Zip)

MONACO

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TOP SHIPS INC. [ TOPS ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Paolo Javarone	04/01/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does the TOPS Form 3 filing by Paolo Javarone represent?

The Form 3 for TOP SHIPS INC. (TOPS) is an initial statement of beneficial ownership filed when Paolo Javarone became a director. It establishes his insider status and provides a baseline before any future reportable transactions.

Does the TOPS Form 3 show any stock purchases or sales by Paolo Javarone?

No, this Form 3 for TOP SHIPS INC. shows no reportable stock purchases, sales, or derivative exercises. All transaction-related counts, including buys, sells, and gifts, are reported as zero in the summary data.

What insider role does Paolo Javarone have at TOP SHIPS INC. (TOPS)?

The filing identifies Paolo Javarone as a director of TOP SHIPS INC. Being a director makes him an insider under SEC rules, requiring ownership disclosure on Form 3 and ongoing reporting of future material transactions.

Are there any derivative securities reported for Paolo Javarone in the TOPS Form 3?

No derivative securities are reported in this Form 3. The derivativeSummary section is empty and the derivative transaction count is zero, indicating no options, warrants, or similar instruments are disclosed in this initial filing.

Does the TOPS Form 3 include any gifts or tax-related share dispositions?

The Form 3 shows no gifts or tax-withholding dispositions. The giftCount and taxWithholdingCount fields are zero, indicating no such transfers or withholdings are reported for this insider at this time.