EuroDry (EDRY) Director Aristeidis Pittas Sells 600 Shares

What Happened Aristeidis P. Pittas, a director of EuroDry Ltd. (EDRY), sold a total of 600 shares in two open-market/private transactions on August 18, 2026. Each sale was for 300 shares at $39.50 per share, producing total gross proceeds of $23,700. These transactions are coded as sales (S) on the Form 4.

Key Details

• Transaction date and price: 2026-08-18 — 300 shares @ $39.50 (Disposed) and another 300 shares @ $39.50 (Disposed).
• Total shares sold: 600; total proceeds: $23,700.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1 — Reporting person owns a 25% interest and has effective control over voting/disposition of shares held by Family United Navigation Co.; disclaims beneficial ownership except to extent of pecuniary interest.
  • F2 — Reporting person’s spouse similarly owns a 25% interest and has effective control over shares held by Family United Navigation Co.; similar disclaimer.
• Filing timeliness: Report filed 2026-08-19 for transactions on 2026-08-18 (appears timely).

Context These were outright sales (not option exercises or awards). Sales by directors are common and may be routine; the filing does not state a reason for the disposition. The footnotes indicate some shares are held via Family United Navigation Co., where the reporting person and spouse each have a stated 25% interest and control over those shares, but they disclaim broader beneficial ownership.