SEC Form 4 · accession 0001140361-26-024658
TORO CORP. · TORO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Petros Panagiotis Panagiotidis
Officer — Chief Executive Officer · Director
Period of report
Jun 5, 2026
Accepted (ET)
Jun 9, 2026 · 4:55 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001941131
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jun 5, 2026 | J | 4,827,279 | $3.8821 | A | 25,649,485 | I | By Pani Corp. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person received 4,827,279 shares of Common Stock as a payment-in-kind dividend on 20,822,206 shares of Common Stock owned on the dividend record date.
- F2Represents the amount foregone in exchange for each share of Common Stock received as a dividend.
- F3Shares reported as beneficially owned consist of common shares held indirectly through Pani Corp. ("Pani"), an entity controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own the securities held by Pani by virtue of his control of such entity. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for purposes of Section 16 of the Exchange Act or otherwise.