Pittas Aristeidis P 4

What Happened Aristeidis P. Pittas, Vice Chairman and Director of Euroseas Ltd. (ESEA), reported two sales on April 14, 2026: 250 shares sold at $70.20 and a second 250 shares sold at $70.20, totaling 500 shares and proceeds of $35,100. The Form 4 records these as sales (transaction code S) executed via open market or private sale. Sales are typically routine dispositions and are less indicative of bullish insider conviction than purchases.

Key Details

• Transaction date: April 14, 2026; Filing date: April 15, 2026 (timely filed).
• Price and amounts: 2 transactions of 250 shares each at $70.20 per share; total proceeds $35,100.
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnotes:
  • F1: Pittas owns a 25% interest and has control over shares held by Family United Navigation Co., but disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.
  • F2: Reporting person’s spouse also is described as owning a 25% interest and controlling shares held by Family United Navigation Co., with a similar disclaimer.
• Transaction code: S = Sale.

Context

• The filing shows straight sales, not option exercises, gifts, or awards. There’s no 10b5‑1 plan or tax‑withholding notation noted in the excerpt.
• Footnotes indicate some shares may be held through Family United Navigation Co.; the reporter disclaims full beneficial ownership of those entity‑held shares, which is common when holdings are held via family or entity structures.