Diana Shipping (DSX) Director Margaronis Exercises Warrants, Receives 207,621 Shares

What Happened

• Director Anastasios Margaronis reported a derivative exercise on Sept 17, 2026: 122,471 warrants were exercised (by his spouse through Coronis Investments Inc.), resulting in the issuance/acquisition of 207,621 shares of Diana Shipping common stock. The reported exercise price was $1.69527 per warrant, implying total cash paid of about $207,621 (122,471 × $1.69527). The Form 4 shows the derivative conversion (code M); there was no open‑market sale of the newly issued shares in this filing.

Key Details

• Transaction date: 2026-09-17; Form 4 filed: 2026-09-18 (timely).
• Derivative exercised: 122,471 warrants converted into 207,621 shares.
• Exercise price: $1.69527 per warrant; implied total exercise cost ≈ $207,621.
• Shares after transaction: Not specified on this Form 4 for the reporting person; the shares are held by Mrs. Maria Margaroni indirectly through Coronis Investments Inc.
• Notable footnotes: Reporting person disclaims beneficial ownership except to the extent of any pecuniary interest; the warrants were exercised by his spouse via Coronis (see footnotes F1 and F2).

Context

• This was a cash exercise of warrants (not a cashless or immediate sale reported here); the warrants were converted into newly issued shares by the spouse’s company. Because the shares are reported as held indirectly by the spouse and the filer disclaims beneficial ownership (except pecuniary interest), the filing clarifies ownership structure rather than signaling an independent purchase decision by the director.