Panagiotidi Ismini Evangelia 4

What Happened
Panagiotidi Ismini Evangelia, CEO of Icon Energy Corp (ICON), is reported as having an acquisition (code J) on June 30, 2026: 2,436 Series A Cumulative Convertible Perpetual Preferred Shares were issued as a dividend-in-kind. The filing shows no per-share trade price (derivative issuance); the company disclosed the aggregate dividend amount tied to this issuance was $2,436,053. The securities were issued to Atlantis Holding Corp., a Marshall Islands company controlled by the reporting person.

Key Details

• Transaction date: June 30, 2026; Form 4 filed July 2, 2026.
• Instrument: Series A Cumulative Convertible Perpetual Preferred Shares (2,436 shares); price listed as N/A (payment-in-kind).
• Aggregate dividend amount disclosed: $2,436,053 (company elected to pay dividend in kind by issuing these shares).
• Shares were issued to Atlantis Holding Corp., which is controlled by the reporting person; she may be deemed to beneficially own them but disclaims ownership except for her pecuniary interest (footnote).
• Conversion feature: Series A preferred shares may be converted at the holder’s option until July 15, 2032, at a conversion price equal to the lesser of $1,200 and the five‑day VWAP prior to notice of conversion.
• Filing timeliness: Filed July 2, 2026 for a June 30, 2026 transaction (not marked late in the filing).

Context
This was not an open-market purchase by the CEO personally but a dividend-in-kind issued to a company she controls. Such payment-in-kind issuances increase preferred holdings (and potential future common share conversion exposure) but do not necessarily signal a market-direction trade like an outright personal purchase or sale.