Vafias Harry 4

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).