Ioannis Zafirakis - 18 Mar 2026 Form 3 Insider Report for DIANA SHIPPING INC. (DSX)

Role: President, Director
Signature: /s/ Ioannis Zafirakis
Issuer symbol: DSX
Transactions as of: 18 Mar 2026
Net transactions value: $0
Form type: 3
Filing time: 18 Mar 2026, 18:59:24 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zafirakis Ioannis	President, Director	PENDELIS 16, PALAIO FALIRO, ATHENS, GREECE	/s/ Ioannis Zafirakis	18 Mar 2026	0002120911

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DSX	Common Stock, $0.01 par value per share						3,253,408	18 Mar 2026	See footnote	F1

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	DSX	Warrants							18 Mar 2026	Common Stock	1,681,470		See footnote	F2

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

Explanation of Responses:

Id	Content
F1	The shares are held by the Reporting Person indirectly through Abra Marinvest Inc. ("Abra") as the result of his ability to control the vote and disposition of Abra. This amount Includes 1,823,780 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.
F2	On December 14, 2023, the Issuer distributed a dividend to all shareholders as of the record date, December 6, 2023 (the "Warrant Distribution"). The Issuer distributed one-fifth of a warrant for each issued and outstanding Common Share. The Reporting person currently owns 1,000,000 warrants through Abra in the Warrant Distribution which entitles him to 1,681,470 shares of common stock issuable upon the exercise of the warrants.

Content

The shares are held by the Reporting Person indirectly through Abra Marinvest Inc. ("Abra") as the result of his ability to control the vote and disposition of Abra. This amount Includes 1,823,780 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested.

On December 14, 2023, the Issuer distributed a dividend to all shareholders as of the record date, December 6, 2023 (the "Warrant Distribution"). The Issuer distributed one-fifth of a warrant for each issued and outstanding Common Share. The Reporting person currently owns 1,000,000 warrants through Abra in the Warrant Distribution which entitles him to 1,681,470 shares of common stock issuable upon the exercise of the warrants.