Safe Bulkers (SB) CEO Hajioannou Records 1.5M-Share Acquisition

What Happened

• Polys Hajioannou, President and CEO of Safe Bulkers (SB), is reporting an acquisition of 1,500,000 common shares on September 11, 2026. The shares were purchased in a private placement by Moutoulas Shipping Corporation at €6.70 per share (≈ $7.81), for an aggregate value of roughly $11.7 million. The Form 4 lists the transaction code A (award/grant or other acquisition).
• This was a private placement to an entity (Moutoulas) rather than an open-market purchase by Hajioannou personally. Hajioannou disclaims direct beneficial ownership except to the extent of any pecuniary interest, but is President and Director of Moutoulas and several other entities that hold the reported shares.

Key Details

• Transaction date: September 11, 2026 (agreement reached Sept 9, 2026; settled Sept 11).
• Price per share: €6.70 (≈ $7.81); total value ≈ $11.7 million for 1,500,000 shares.
• Shares owned after transaction: Not reported as personally owned — 1,500,000 shares are held by Moutoulas Shipping Corporation (an entity Hajioannou leads).
• Notable footnotes: F1 details the private placement price and settlement; F2–F9 state Hajioannou disclaims direct beneficial ownership and list multiple entities (Moutoulas, Vorini, Akamas, Chalkoessa, Lefkoniko, Kyperounta, Bellapais) for which he is President/Director and which may be deemed beneficial owners under Rule 16a-1(a).
• Filing timeliness: Form 4 filed Sept 14, 2026 for a Sept 11 transaction — appears to be filed within the required two business days.

Context

• This was a private placement by a corporate entity affiliated with the CEO, not an individual open-market buy; the filing reflects entity-level ownership and the CEO’s role in those entities rather than a clear personal stock purchase. For retail investors, entity acquisitions can be informative, but the Form 4 disclaims direct beneficial ownership so interpret accordingly.