Director Symeon Palios filed a Form 4 with the SEC on November 12, 2026, reporting the exercise of 376,216 warrants in Diana Shipping Inc. on November 10, 2026, resulting in the acquisition of 637,787 shares of common stock.

Key Highlights

  • Transaction date: November 10, 2026 - Symeon Palios exercised 376,216 warrants in Diana Shipping Inc. (NYSE:DSX).
  • Exercise price: $4.00 per warrant, with an exercise ratio of 1.69527 common shares per warrant, including the applicable Bonus Share Fraction.
  • Shares acquired: 637,787 shares of Common Stock, $0.01 par value per share, were issued as a result of the exercise (transaction code M).
  • Resulting ownership: Palios beneficially owns 7,163,135 shares following the transaction, held indirectly through Limon Compania Financiera S.A.
  • Warrants exhausted: According to the filing, the reporting person no longer owns any warrants through Limon from the Warrant Distribution.
  • Unvested shares included: The 7,163,135 total includes 2,051,912 shares awarded under the issuer's 2014 Equity Incentive Plan (as amended and restated) that are currently unvested.

Palios Warrant Exercise Details and Resulting Beneficial Ownership in Diana Shipping

According to the Form 4 filed on November 12, 2026, Symeon Palios, a director of Diana Shipping Inc. (NYSE:DSX), exercised 376,216 warrants on November 10, 2026, at an exercise price of $4.00 per warrant. The exercise produced 637,787 shares of Common Stock based on a ratio of 1.69527 common shares per warrant, including the applicable Bonus Share Fraction. The transaction is recorded under transaction code M in the filing.

The filing states that the warrants originated from a dividend distribution made on December 14, 2023, to all shareholders as of the record date of December 6, 2023, described as the "Warrant Distribution." At that time, the issuer distributed one-fifth of a warrant for each issued and outstanding common share. Following this exercise, the filing notes that the reporting person no longer holds any warrants through Limon from that distribution.

All shares, including the 637,787 newly acquired shares, are held indirectly through Limon Compania Financiera S.A. ("Limon"), as the filing explains, "as the result of his ability to control the vote and disposition of Limon." The total beneficial ownership following the reported transaction stands at 7,163,135 shares, which the filing specifies includes 2,051,912 shares awarded pursuant to the issuer's 2014 Equity Incentive Plan (as amended and restated) that are currently unvested. All ownership is indirect.

What Was Disclosed

Symeon Palios, a director of Diana Shipping Inc., reported the exercise of 376,216 warrants at $4.00 each on November 10, 2026, resulting in 637,787 new common shares and total indirect beneficial ownership of 7,163,135 shares through Limon Compania Financiera S.A.