A Form 4 filed on September 18, 2026, by Anastasios Margaronis, a director of Diana Shipping Inc. (NYSE:DSX), discloses the exercise of 122,471 warrants by his spouse through an affiliated entity on September 17, 2026.

Key Highlights

  • Reporting person: Anastasios Margaronis, director of Diana Shipping Inc.
  • Transaction date: September 17, 2026, involving 122,471 warrants exercised at a price of $1.69527 per warrant.
  • Shares issued: 207,621 shares of Common Stock, $0.01 par value per share, were issued upon the warrant exercise.
  • Beneficial ownership following transaction: 1,181,452 shares held indirectly following the reported transaction.
  • Indirect ownership: Shares are held by Mrs. Maria Margaroni, spouse of the reporting person, indirectly through Coronis Investments Inc.
  • Disclaimer: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest, and the report is not an admission of beneficial ownership for Section 16 purposes.

Warrant Exercise by Spouse of Diana Shipping Director Through Coronis Investments

According to the filing, on September 17, 2026, Mrs. Maria Margaroni, the spouse of reporting person Anastasios Margaronis, exercised all 122,471 warrants held through Coronis Investments Inc. ("Coronis") at an exercise price of $1.69527. The exercise resulted in the issuance of 207,621 shares of Common Stock, $0.01 par value per share, of Diana Shipping Inc. The transaction is coded "M" in the filing, indicating an exercise or conversion of a derivative security.

The filing notes that the shares are held by Mrs. Maria Margaroni indirectly through Coronis, "as a result of her ability to control the vote and disposition of Coronis." Following the transaction, the total amount of Common Stock beneficially owned indirectly stands at 1,181,452 shares, according to the Form 4. After the exercise, the number of warrants beneficially owned is reported as 0.

Anastasios Margaronis signed the filing on September 18, 2026, and is identified as a director of Diana Shipping Inc. The filing was made by one reporting person. The reporting person twice states in the footnotes that the report "shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose."

What Was Disclosed

The Form 4 discloses a warrant exercise transaction by the spouse of Diana Shipping director Anastasios Margaronis, conducted through Coronis Investments Inc. on September 17, 2026, converting 122,471 warrants at $1.69527 into 207,621 shares of Common Stock.