SEC Form 4 · accession 0000919574-26-006327
DIANA SHIPPING INC. · DSX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ioannis Zafirakis
Officer — President · Director
Period of report
Sep 10, 2026
Accepted (ET)
Sep 15, 2026 · 4:20 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001318885
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par value per shareF2,F1 | Sep 10, 2026 | M | 1,695,270 | — | A | 4,948,678 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2 | — | Sep 10, 2026 | M | 1,000,000 | D | — | — | Common Stock | 1,695,270 | 0 | I |
Explanation of responses
- F1The shares are held by the Reporting Person indirectly through Abra Marinvest Inc. ("Abra") as the result of his ability to control the vote and disposition of Abra. This amount includes 1,823,780 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.
- F2On December 14, 2023, the Issuer distributed a dividend to all shareholders as of the record date, December 6, 2023 (the "Warrant Distribution"). The Issuer distributed one-fifth of a warrant for each issued and outstanding Common Share. On September 10, 2026, the Reporting Person exercised 1,000,000 Warrants at an exercise price of $1.69527, resulting in the issuance of 1,695,270 shares of Common Stock. The Reporting person no longer owns any warrants issued to it through the Warrant Distribution.