Ternullo Salvatore J. 4

What Happened

Salvatore J. Ternullo, CEO of OceanPal Inc. (SVRN), made an open-market purchase of 500 shares of common stock on April 13, 2026 at $10.88 per share, for an aggregate cost of $5,440. According to his Form 3 filed March 18, 2026, he held no shares prior to this transaction. This transaction is a purchase (code P on the Form 4).

Key Details

• Transaction date: April 13, 2026
• Transaction type: Open-market purchase (Code P)
• Price per share: $10.88; Total cost: $5,440.00
• Shares acquired: 500
• Shares owned after transaction: 500 (reported no prior holdings on Form 3)
• Filing date / timeliness: Form 4 filed April 13, 2026 (not indicated as late)
• Footnotes/plan: No 10b5-1 plan or special conditions disclosed on the Form 4

Context

Insider purchases can be viewed as a positive signal, but this is a relatively modest dollar amount. Retail investors should weigh this trade alongside broader insider activity, company fundamentals, and news rather than treating it as a standalone endorsement.