A Form 4 filed on September 18, 2026 discloses that Eleftherios Papatrifon, a director of Diana Shipping Inc. (NYSE:DSX), sold 20,000 warrants on September 16 and 17, 2026 at an exercise price of $1.69527.

Key Highlights

  • Reporting person: Eleftherios Papatrifon, identified as a Director of Diana Shipping Inc.
  • Transactions: 5,000 warrants sold on September 16, 2026 and 15,000 warrants sold on September 17, 2026, for a combined total of 20,000 warrants.
  • Exercise price: The warrants were sold at an exercise price of $1.69527 per the filing's explanation of responses.
  • Remaining warrants: Following the transactions, the reporting person directly holds 191,311 warrants.
  • Underlying shares: The 191,311 remaining warrants entitle the reporting person to 324,323 shares of common stock upon exercise, according to the filing.
  • Warrant origin: The warrants stem from a dividend distribution on December 14, 2023, in which the issuer distributed one-fifth of a warrant for each issued and outstanding common share as of the December 6, 2023 record date.

Papatrifon Reduces Warrant Position Across Two Days in September 2026

According to the filing, Eleftherios Papatrifon executed two separate warrant sales under transaction code "M" in Table II. On September 16, 2026, he disposed of 5,000 warrants, with 206,311 warrants remaining directly owned after that transaction. The following day, September 17, 2026, he disposed of an additional 15,000 warrants, reducing his direct beneficial ownership to 191,311 warrants.

The filing's explanation of responses states that the warrants were sold at an exercise price of $1.69527. The warrants are traceable to the issuer's December 14, 2023 dividend distribution, in which Diana Shipping distributed one-fifth of a warrant for each issued and outstanding common share to holders of record as of December 6, 2023. The filing notes that the reporting person's remaining 191,311 warrants entitle him to 324,323 shares of common stock issuable upon exercise.

The Form 4 was filed by one reporting person and covers transactions with a date of earliest transaction of September 16, 2026. Papatrifon's address is listed as Pendelis 16, Palaio Faliro, Athens, Greece. All ownership reported is direct.

What Was Disclosed

Director Eleftherios Papatrifon of Diana Shipping Inc. reported the sale of 20,000 warrants across two days in September 2026, at an exercise price of $1.69527, leaving him with 191,311 warrants directly held, convertible into 324,323 common shares.