Vafias Harry 4
4 · Imperial Petroleum Inc./Marshall Islands · Filed Jun 24, 2026
Research Summary
AI-generated summary of this filing
Imperial Petroleum (IMPP) CEO Vafias Harry Receives Stock Awards
What Happened Vafias Harry, CEO, President and a director of Imperial Petroleum, reported receiving stock awards and making a gift on June 22, 2026. The filing shows a 440,000-share restricted stock award (no cash exchanged), a 299,000-share derivative award (no cash exchanged), and a gift of 33,627 shares. All reported acquisitions have a reported price of $0.00.
Key Details
- Transaction date: June 22, 2026; Form 4 filed June 24, 2026 (two days after the transactions).
- Awards: 440,000 shares (restricted stock, F1) and 299,000 shares (derivative award/option-type, noted as derivative).
- Gift: 33,627 shares reported as a gift (G).
- Price: All transactions reported at $0.00 (no cash paid).
- Vesting/terms: F1 — the 440,000 restricted shares vest 50% on June 22, 2027 and 50% on June 22, 2028, subject to continuous service. F4 (applies to the derivative award) — 50% of the option/derivative vests on June 22, 2027 and the remaining 50% on June 22, 2028, subject to continuous service.
- Ownership reporting: The filing discloses entities Arethusa Properties Ltd. (F2) and Flawless Management Inc. (F3) whose holdings the Reporting Person controls; he disclaims beneficial ownership of those holdings except to the extent of any pecuniary interest. The filing does not provide a specific "shares owned after transaction" total in the summary provided here.
Context
- Awards at $0 are typical for restricted stock or option grants and do not represent an open-market purchase or sale. The restricted and derivative awards include multi-year vesting (2027–2028) tied to continued service. The gift is a transfer of shares and, by itself, is not a market-timing signal. The filing appears timely (filed two days after the reported transactions).
Insider Transaction Report
Form 4
Vafias Harry
DirectorCEO and President
Transactions
- Award
Common Stock
[F1]2026-06-22+440,000→ 3,617,879 total - Gift
Common Stock
2026-06-22+33,627→ 3,651,506 total - Award
Stock Option (Right to Buy)
[F4]2026-06-22+299,000→ 299,000 totalExercise: $4.95Exp: 2036-06-22→ Common Stock (299,000 underlying)
Holdings
- 3,307,452(indirect: By Arethusa Properties LTD)
Common Stock
[F2] - 6,991,255(indirect: By Flawless Management Inc.)
Common Stock
[F3]
Footnotes (4)
- [F1]Represents a restricted stock award. 50% of the shares subject to the award will vest on June 22, 2027. The remaining 50% will vest on June 22, 2028, subject to the Reporting Person's continuous service to the Issuer on such date.
- [F2]Shares held by Arethusa Properties LTD ("Arethusa"). The Reporting Person controls Arethusa and may be deemed to beneficially own the securities held by Arethusa by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]Shares held by Flawless Management Inc. ("Flawless"). The Reporting Person controls Flawless and may be deemed to beneficially own the securities held by Flawless by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F4]50% of the shares subject to such option vest and become exercisable on June 22, 2027. The remaining 50% of the shares subject to such option vest and become exercisable June 22, 2028, subject to the Reporting Person's continuous service to the Issuer on such date.
Signature
/s/ Harry Vafias|2026-06-24