Eleftherios Papatrifon - 18 Mar 2026 Form 3 Insider Report for OceanPal Inc. (SVRN)

Role: Director
Signature: /s/ Eleftherios Papatrifon
Issuer symbol: SVRN
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 17:56:23 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Papatrifon Eleftherios	Director	PENDELIS 26, PALAIO FALIRO, ATHENS, GREECE	/s/ Eleftherios Papatrifon	18 Mar 2026	0001390775

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SVRN	Common Stock, $0.01 par value per share						470,588	18 Mar 2026	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SVRN	8.0% Series C Cum. Con. Perpetual Preferred Shares							18 Mar 2026	Common Stock	3,330,669		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person owns 2,084 shares of the Series C Preferred Stock granted pursuant to the Issuer's 2021 Equity Incentive Plan, as amended and restated. 2,084 shares of Series C Preferred Stock, convertible into an aggregate of 3,330,669 shares of common stock based on a VWAP calculation as of March 17, 2026. The shares of Series C Preferred Stock are convertible at the Reporting Person's option, giving effect to certain ownership restrictions contained in the Series C Preferred Stock's statement of designation and a Shareholder's Covenant Agreement, including that the shares of Series C Preferred Stock shall not be convertible into the Issuers' Shares to the extent that such conversion would result in the Reporting Person becoming the beneficial owner of more than 49% of the total issued and outstanding Shares among other restrictions.

Content

The Reporting Person owns 2,084 shares of the Series C Preferred Stock granted pursuant to the Issuer's 2021 Equity Incentive Plan, as amended and restated. 2,084 shares of Series C Preferred Stock, convertible into an aggregate of 3,330,669 shares of common stock based on a VWAP calculation as of March 17, 2026. The shares of Series C Preferred Stock are convertible at the Reporting Person's option, giving effect to certain ownership restrictions contained in the Series C Preferred Stock's statement of designation and a Shareholder's Covenant Agreement, including that the shares of Series C Preferred Stock shall not be convertible into the Issuers' Shares to the extent that such conversion would result in the Reporting Person becoming the beneficial owner of more than 49% of the total issued and outstanding Shares among other restrictions.