Ternullo Salvatore J. 4

What Happened

• Salvatore J. Ternullo, CEO of OceanPal, made an open-market purchase of 500 shares of common stock on April 16, 2026 at an average price of $10.78 per share, for an aggregate cost of $5,390. This was a purchase (a potential bullish signal rather than a sale).

Key Details

• Transaction date: 2026-04-16
• Transaction type/code: Open-market purchase (P)
• Price per share: $10.78; Shares purchased: 500; Total cost: $5,390.00
• Shares held after transaction: 1,000 total common shares (500 acquired Apr 13, 2026 at $10.88; plus these 500)
• Filing timeliness: Reported with period of report 2026-04-16 (filed same day) — appears timely
• No 10b5-1 plan, tax-withholding, option exercise, or gift noted in the filing

Context

• This was a straight open-market buy of common stock (not an option exercise or award). Purchases by executives are often watched by investors as they can signal confidence, but they are only one data point and do not prove future performance.