Amendment: SEC Form 3 filed by new insider Paliou Semiramis
$DSX
Marine Transportation
Consumer Discretionary
| FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Date of Event Requiring Statement
(Month/Day/Year) 03/18/2026 | 3. Issuer Name and Ticker or Trading Symbol
DIANA SHIPPING INC. [ DSX ] | |||||||||||||||
| 3a. Foreign Trading Symbol
| 5. If Amendment, Date of Original Filed
(Month/Day/Year) 03/18/2026 | ||||||||||||||||
| 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock, $0.01 par value per share | 8,278,726(1) | I | See footnote(1) |
| Common Stock, $0.01 par value per share | 13,599,448 | I | See footnote(2) |
| Series C Preferred Stock | 10,675(5) | I | See footnote(2) |
| Series D Preferred Stock | 400(6) | I | See footnote(2) |
| Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Warrants | (3) | (3) | Common Stock | 1,357,975(3) | (3) | I | See footnote(3) |
| Warrants | (4) | (4) | Common Stock | 4,573,411(4) | (4) | I | See footnote(4) |
| Explanation of Responses: |
| 1. The shares are held by the Reporting Person indirectly through 4 Sweet Dreams, S.A. ("4SD") as the result of her ability to control the vote and disposition of 4SD. This amount includes 3,585,820 shares awarded to the Reporting Person pursuant to the Issuer's 2014 Equity Incentive Plan (as amended and restated), which are currently unvested. |
| 2. The shares are held by the Reporting Person indirectly through Tuscany Shipping Corp. ("Tuscany") as the result of her ability to control the vote and disposition of Tuscany. |
| 3. 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 807,612 warrants through 4SD in the Warrant Distribution which entitles her to 1,357,975 shares of common stock issuable upon the exercise of the warrants. |
| 4. 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 2,719,889 warrants through Tuscany in the Warrant Distribution which entitles her to 4,573,411 shares of common stock issuable upon the exercise of the warrants. |
| 5. The Series C Preferred Stock will vote with the common shares of the Issuer, and each share of the Series C Preferred Stock shall entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the stockholders of the Issuer, in accordance with the provisions set forth in the Issuer's Statement of Designation of Rights, Preferences and Privileges of Series C Preferred Stock of the Issuer, filed as an exhibit to the Issuer's annual report on Form 20-F. |
| 6. Each share of Series D Preferred Stock has the voting power of 200,000 votes and the Series D Preferred Stock votes together with the Issuer's common shares as a single class, provided however, that to the extent that the total number of votes of Series D Preferred Stock is entitled to vote on any matter submitted to a vote would exceed 36.0% of the total number of votes eligible to be cast on such matter, the total number of votes that holders of Series D Preferred Stock may exercise derived from the Series D Preferred Stock together with common shares and other voting securities of the Issuer beneficially owned by such holder, shall be reduced to 36% of the total number of votes that may be cast on such matter submitted to a vote, in accordance with the provisions set forth in the issuer's Amended and Restated Statement of Designation of Rights, Preferences and Privileges of Series D Preferred Stock of the Issuer, filed as an exhibit to the Issuer's annual report on Form 20-F. |
| Remarks: |
| This Form 3 is being amended to include the Series C Preferred Stock and the Series D Preferred Stock the Reporting Person owns, which were inadvertently omitted from the original filing. |
| /s/ Semiramis Paliou | 03/24/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 3: SEC 1473 (03-26) | ||