Pittas Aristeidis P 4

What Happened
Aristeidis P. Pittas, Vice Chairman and Director of EuroDry Ltd. (EDRY), reported two identical transactions on a Form 4 for trades dated 2026-04-14. Each line shows 498 shares at $20.00 ($9,960), for a combined 996 shares and $19,920. The transactions are coded "S" (sale) on the filing, but the transaction detail fields in the report are shown as "Acquired," creating an inconsistency in the filing. The Form 4 was filed on 2026-04-15 (timely relative to the 4/14 transactions).

Key Details

• Transaction date(s): 2026-04-14 (reported on Form 4 filed 2026-04-15)
• Price(s): $20.00 per share; two entries of 498 shares = $9,960 each; total 996 shares = $19,920
• Shares owned after transaction: Not stated in the provided filing excerpt
• Notable footnotes:
  • F1/F2: Pittas and his spouse each own a 25% interest and have effective control over shares held by Family United Navigation Co.; they disclaim beneficial ownership of those shares except to the extent of pecuniary interest.
• Filing timeliness: Form 4 filed the business day after the transaction date (appears timely)

Context
This report involves common-share transactions (coded as sales on the Form 4) rather than option exercises, grants, or gifts. Sales are often routine (e.g., diversification or liquidity) and do not by themselves indicate management’s view of company prospects. Because the filing contains an internal inconsistency (sale code vs. "Acquired" label), retail investors should treat the reported amounts and dates as accurate but may want to check the official SEC filing (Accession 0002127484-26-000006) or any amended filing for clarification.