EuroDry (EDRY) Director Pittas Aristeidis P Sells Shares
$EDRY · EuroDry Ltd.Research Summary
AI-generated summary of this SEC filing
EuroDry (EDRY) Director Pittas Aristeidis P Sells Shares
What Happened
Pittas Aristeidis P, a director of EuroDry Ltd. (EDRY), sold a total of 3,450 shares in multiple open-market/private-sale transactions on August 25, 2026. The trades were: 250 shares at $52.12 ($13,030), another 250 shares at $52.12 ($13,030), 1,000 shares at $48.82 ($48,820), 950 shares at $52.12 ($49,514), and 1,000 shares at $51.40 ($51,400). The combined proceeds were approximately $175,794. These were sales (not purchases), which are often routine disposals rather than affirmative bullish signals.
Key Details
- Transaction date: August 25, 2026 (filed on Aug 27, 2026 — timely within the typical 2-business-day Form 4 window).
- Per-trade breakdown:
- 250 sh @ $52.12 = $13,030
- 250 sh @ $52.12 = $13,030
- 1,000 sh @ $48.82 = $48,820
- 950 sh @ $52.12 = $49,514
- 1,000 sh @ $51.40 = $51,400
- Total sold: 3,450 shares for ~$175,794.
- Shares owned after the transactions: Not disclosed in the provided filing.
- Footnotes:
- F1 — The 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 — The reporting person's spouse similarly owns a 25% interest and has effective control over shares held by Family United Navigation Co.; same disclaimer applies.
Context
These were outright sales (SEC code S). Sales by directors can reflect many things (portfolio rebalancing, liquidity needs, etc.); they are not direct indicators of company performance. The filing appears timely. The footnotes indicate some shares are held via Family United Navigation Co., where the reporter and spouse each have a disclosed 25% interest and effective control, but the reporter disclaims broader beneficial ownership beyond any personal pecuniary interest.