Tommasino Nicholas Francis 4

What Happened
Tommasino Nicholas Francis, a director of Tsakos Energy Navigation Ltd (TEN), reported a sale of 2,490 shares on 2026-07-14. The shares were sold at $40.06 each for total proceeds of approximately $99,762. This was a sale (S) reported on Form 4.

Key Details

• Transaction date and price: 2026-07-14 — 2,490 shares sold at $40.06/share. Total ≈ $99,762.
• Filing date: Form 4 filed 2026-07-16 (reported two days after the transaction — appears timely).
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Transaction code: S = Sale (open-market or private sale indicated).
• No footnotes in the provided excerpt indicating a 10b5-1 plan, tax withholding, or other special conditions.

Context
Sales by directors can be routine (diversification, liquidity, tax planning) and do not by themselves indicate a change in company outlook. Purchases generally carry more weight for signaling confidence, while this roughly $100k sale is modest in scale and was promptly reported.