Pittas Aristeidis P 4
4 · EuroDry Ltd. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
EuroDry (EDRY) Vice Chairman Aristeidis Pittas Buys 704 Shares
What Happened Aristeidis P. Pittas, Vice Chairman and Director of EuroDry Ltd. (EDRY), reported two open-market purchases on Apr 8, 2026. He bought 352 shares at $20.10 in each trade (704 shares total) for a combined cash outlay of roughly $14,150. These were purchases (code P), which investors often view as more informative than routine sales, though the filing does not state Pittas’ motivation.
Key Details
- Transaction date: 2026-04-08; Price: $20.10 per share; Quantity: 352 shares x2 = 704 shares; Total ≈ $14,150.40.
- Report filed: Form 4 filed 2026-04-09 (timely — within the standard Form 4 reporting window).
- Shares owned after the transaction: not disclosed in the provided filing.
- Footnotes of note:
- F1: Pittas owns a 25% interest and has effective control over shares held by Family United Navigation Co.; he disclaims beneficial ownership except for his pecuniary interest.
- F2: Pittas’ spouse is reported to own a 25% interest and have effective control over shares held by Family United Navigation Co.; similar disclaimer of beneficial ownership applies.
- Transaction code: P = Purchase (open-market/private purchase).
Context These are straightforward open-market purchases reported on a Form 4. The footnotes indicate some shares associated with Family United Navigation Co. are subject to control/interest allocations and disclaimers, meaning certain holdings reported alongside Pittas may reflect family/entity arrangements rather than direct personal holdings. The trade size is modest; retail investors should view it as a data point rather than a definitive signal of company outlook.
Insider Transaction Report
- Purchase
Common stock
[F1]2026-04-08$20.10/sh−352$7,075→ 77,211 total(indirect: Family United Navigation Co.) - Purchase
Common stock
[F2]2026-04-08$20.10/sh−352$7,075→ 99,232 total(indirect: Family United Navigation Co.)
Footnotes (2)
- [F1]The Reporting Person owns a 25% interest and has effective control over voting and disposition of the shares owned by Family United Navigation Co. The Reporting Person disclaims beneficial ownership of the securities held by Family United Navigation Co. except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.
- [F2]The Reporting person's spouse owns 25% interest and has effective control over voting and disposition of the shares owned by Family United Navigation Co. The Reporting Person disclaims beneficial ownership of the securities held by Family United Navigation Co. except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.