Konstantakopoulos Amends Costamare (CMRE) 13G, Reports Group Ownership

TL;DR

**Insider Achillefs Konstantakopoulos updated his Costamare (CMRE) ownership, showing continued significant stake.**

AI Summary

Achillefs Konstantakopoulos, a Greek citizen, filed an Amendment No. 12 to his Schedule 13G for Costamare Inc. (CMRE) on January 12, 2024, reporting his beneficial ownership as of December 31, 2023. This filing indicates that Konstantakopoulos, as part of a group, holds significant voting power in the company. This matters to investors because large insider holdings can signal confidence in the company's future, but also mean less liquidity for public shares and potential for concentrated control.

Why It Matters

This filing updates the public on a significant insider's stake in Costamare Inc., which can influence corporate governance and investor confidence.

Risk Assessment

Risk Level: low — This is a routine amendment to a beneficial ownership report, indicating no immediate new risks but rather a confirmation of existing ownership structure.

Analyst Insight

Investors should note the continued significant insider ownership, which can be a positive signal of alignment with shareholder interests, but also consider the potential for concentrated control. No immediate action is suggested by this routine amendment.

Key Players & Entities

• Achillefs Konstantakopoulos (person) — reporting person and beneficial owner of Costamare Inc. shares
• Costamare Inc. (company) — the subject company whose securities are being reported
• COSTAMARE SHIPPING SERVICES LTD. (company) — a group member associated with the filing
• Greece (person) — citizenship of Achillefs Konstantakopoulos

FAQ

Key Financial Figures

• $0.0001 — e Inc. (Name of Issuer) Common Stock, $0.0001 Par Value (Title of Class of Securitie

Filing Documents

• sc13ga.htm (SC 13G/A) — 79KB
• 0000950157-24-000045.txt ( ) — 81KB

From the Filing

SC 13G/A 1 sc13ga.htm AMENDMENT NO. 12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 12)* Costamare Inc. (Name of Issuer) Common Stock, $0.0001 Par Value (Title of Class of Securities) Y1771G102 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. Y1771G102 13G 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Achillefs Konstantakopoulos 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Greece NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 6 SHARED VOTING POWER 22,236,561 1 7 SOLE DISPOSITIVE POWER 8 SHARED DISPOSITIVE POWER 22,236,561 1 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 22,236,561 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) NOT APPLICABLE 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 18.8% 2 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN 1 Achillefs Konstantakopoulos personally owns 18,407,585 shares. This number also includes (i) 780,000 shares owned by the reporting person's spouse and (ii) half of the shares (3,048,976) of Costamare Shipping Services Ltd. The reporting person disclaims beneficial ownership of the shares owned by the reporting person's spouse, and the reporting thereof shall not constitute an admission that the reporting person is a beneficial owner of such shares. 2 The percent ownership is calculated based upon an aggregate of 118,374,623 shares outstanding. 2 CUSIP No. Y1771G102 13G 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Costamare Shipping Services Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Marshall Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 3,048,976 6 SHARED VOTING POWER 7 SOLE DISPOSITIVE POWER 3,048,976 8 SHARED DISPOSITIVE POWER 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,048,976 3 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) NOT APPLICABLE 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.6% 4 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO 3 Achillefs Konstantakopoulos owns 50% of the outstanding equity of Costamare Shipping Services Ltd., resulting in his indirect ownership of half of the stock (3,048,976) owned by Costamare Shipping Services Ltd. 4 The percent ownership is calculated based upon an aggregate of 118,374,623 shares outstanding. 3 Item 1. (a) Name of Issuer: Costamare Inc. (b) Address of Issuer's Principal Executive Offices: 7 rue du Gabian MC98000 Monaco Item 2. (a) Name of Persons Filing: Achillefs Konstantakopoulos Costamare Shipping Services Ltd. (b) Address of Principal Business Office or, if none, Residence for each of the reporting persons: The principal business office of each person named in Item 2(a) above is: c/o Costamare Shipping Company S.A. 60 Zephyrou Street & Syngrou Avenue 17564 Athens, Greece (c) Citizenship: Achillefs Konstantakopoulos is a citizen of Greece. Costamare Shipping Services Ltd. is a Marshall Islands corporation. (d) Title of Class of Securities: Common Stock, par value $0.0001 per share (e) CUSIP Number: Y1771G102 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: NOT APPLICABLE Item 4. The information in Item 1 and Items 5 through 11 on the cover pages of this Schedule 13G is incorporated herein by reference. Item 5. NOT APPLICABLE Item 6. NOT APPLICABLE 4 Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. NOT APPLICABLE Item 8. Identification and Classification of Members of the Group. NOT APPLICABLE Item 9. Notice of Dissolution of Group. NOT APPLICABLE Item 10.

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