DIANA SHIPPING INC.: director Palios Symeon exercised 561,511 shares

What happened

• Palios Symeon, a director, exercised warrants on Oct 13, 2026. The Form 4 reports the acquisition of 561,511 common shares (transactions of 497,305 and 64,206 shares acquired) and the disposition/conversion of 331,223 derivative securities (transactions of 293,349 and 37,874 disposed). The filing states the exercise price was $4.00 per warrant, and the exercise of 331,223 warrants produced 561,511 shares based on an exercise ratio of 1.69527 common shares per warrant.

Key details

• Transaction date: Oct 13, 2026; filing date: Oct 15, 2026.
• Exercise price and ratio: $4.00 per warrant; 1.69527 common shares issued per warrant.
• Numbers: 331,223 warrants exercised; 561,511 common shares issued; reported as acquired 497,305 and 64,206 shares and disposed (derivative) 293,349 and 37,874.
• Holdings and footnotes: reporting person holds securities indirectly through Limon Compania Financiera S.A. and currently owns 376,216 warrants through Limon, which entitle him to 637,787 shares upon exercise. Indirect holdings include 2,051,912 shares awarded under the issuer's 2014 Equity Incentive Plan that are currently unvested.
• The filing does not indicate any tax withholding plan or a 10b5-1 plan.

Why it may matter

• The filing reports exercise of warrants and conversion/disposition of derivative securities; it shows issuance of common shares rather than a market sale of those newly issued shares.
• The filing shows the reporting person holds additional warrants and unvested awarded shares through an indirect vehicle (Limon).
• This filing does not show why the insider traded or why the company acted.