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 17, 2026 at an average price of $10.35 per share, for a total cost of $5,175. This transaction was a purchase (insider buy), which investors often view as a more informative move than routine selling.

Key Details

• Transaction type: Open-market purchase (code P).
• Date & price: April 17, 2026 — 500 shares @ $10.35 (total $5,175).
• Shares owned after transaction: 1,500 common shares.
• Prior recent buys included 500 shares on April 13, 2026 @ $10.88 and 500 shares on April 16, 2026 @ $10.78. These three purchases together comprise the 1,500-share total.
• Filing: Form 4 filed April 20, 2026 (appears timely).
• Footnotes: No 10b5-1 plan, tax withholding, or other special footnotes were reported in this filing.

Context
Insider purchases by executives can signal confidence but do not guarantee future performance; this is a relatively small-dollar purchase ($5,175) by the CEO. Retail investors may note the pattern of multiple small open-market buys in close succession, but should consider broader company fundamentals and other disclosures before drawing conclusions.