SEC Form 4 · accession 0000919574-26-006343
DIANA SHIPPING INC. · DSX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Semiramis Paliou
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Sep 11, 2026
Accepted (ET)
Sep 16, 2026 · 4:35 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 shareF3,F1 | Sep 11, 2026 | M | 1,369,120 | — | A | 9,647,846 | I | See footnote |
| Common Stock, $0.01 par value per shareF4,F2 | Sep 11, 2026 | M | 4,610,946 | — | A | 18,210,394 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF3 | — | Sep 11, 2026 | M | 807,612 | D | — | — | Common Stock | 1,369,120 | 0 | I |
| WarrantsF4 | — | Sep 11, 2026 | M | 2,719,889 | D | — | — | Common Stock | 4,610,946 | 0 | I |
Explanation of responses
- F1The shares are held by the Reporting Person indirectly through 4 Sweet Dreams, S.A. ("4SD") as the result of her ability to control the vote and disposition of 4SD. This amount includes 3,585,820 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.
- F2The shares are held by the Reporting Person indirectly through Tuscany Shipping Corp. ("Tuscany") as the result of her ability to control the vote and disposition of Tuscany.
- F3On 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 11, 2026, the Reporting Person, through 4SD, exercised 807,612 Warrants at an exercise price of $1.69527, resulting in the issuance of 1,369,120 shares of Common Stock. The Reporting person no longer owns any warrants through 4SD issued to it through the Warrant Distribution.
- F4On 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 11, 2026, the Reporting Person, through Tuscany, exercised 2,719,889 Warrants at an exercise price of $1.69527, resulting in the issuance of 4,610,946 shares of Common Stock. The Reporting person no longer owns any warrants through Tuscany issued to it through the Warrant Distribution.