Zafirakis Amends Diana Shipping Ownership Filing (3/A)

TL;DR

**Zafirakis updated his Diana Shipping ownership, check the details.**

AI Summary

This 3/A filing, an amendment to an initial statement of beneficial ownership, clarifies that Ioannis Zafirakis, a reporting individual, has updated his ownership details for Diana Shipping Inc. (Issuer CIK: 0001318885). The amendment was filed on March 24, 2026, for a period of report ending March 18, 2026. This matters to investors because it provides updated transparency on the holdings of a key individual, which can signal confidence or concerns about the company's future.

Why It Matters

This filing provides updated information on the beneficial ownership of Diana Shipping Inc. by Ioannis Zafirakis, offering transparency into his stake in the company.

Risk Assessment

Risk Level: low — This is an amendment to a routine ownership filing and does not indicate significant new risks or changes.

Analyst Insight

Investors should review the full 3/A filing to understand the specific changes made to Ioannis Zafirakis's beneficial ownership in Diana Shipping Inc. and assess any implications for their investment thesis.

Key Numbers

• 0000919574-26-001884 — SEC Accession No. (Unique identifier for this filing)
• 2026-03-24 — Filing Date (Date the amendment was submitted)
• 2026-03-18 — Period of Report (Date the ownership information pertains to)

Key Players & Entities

• Zafirakis Ioannis (person) — Reporting individual
• Diana Shipping Inc. (company) — Issuer of securities
• 0002120911 (company) — CIK for Zafirakis Ioannis
• 0001318885 (company) — CIK for Diana Shipping Inc.
• 2026-03-24 (date) — Filing Date
• 2026-03-18 (date) — Period of Report

FAQ

Key Financial Figures

• $0.01 — al Ownership (Instr. 5) Common Stock, $0.01 par value per share 3,253,408 (1) I See
• $25.00 — ference in an amount initially equal to $25.00 per share in cash, plus an amount equal

Filing Documents

• ownership.html (3/A)
• ownership.xml (3/A) — 6KB
• 0000919574-26-001884.txt ( ) — 8KB

From the Filing

SEC FORM 3/A SEC Form 3 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 OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5 1. Name and Address of Reporting Person * Zafirakis Ioannis (Last) (First) (Middle) PENDELIS 16, PALAIO FALIRO (Street) ATHENS 17564 (City) (State) (Zip) GREECE (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) X Director 10% Owner X Officer (give title below) Other (specify below) President 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 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 3,253,408 (1) I See footnote (1) Series B Preferred Shares 84,458 (4) I See footnote (3) 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 (2) (2) Common Stock 1,681,470 (2) (2) I See footnote (2) Explanation of Responses: 1. 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. 2. 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. 3. The shares are held by the Reporting Person indirectly through Abra as the result of his ability to control the vote and disposition of Abra. 4. Each share of 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares ("Series B Preferred Shares") is entitled to a liquidation preference in an amount initially equal to $25.00 per share in cash, plus an amount equal to accumulated and unpaid dividends thereon to the date fixed for payment of such amount (whether or not declared) upon the occurrence of liquidation, dissolution or winding up of the affairs of the Issuer, whether voluntary or involuntary, in accordance with the provisions set forth in the Issuer's Statement of Designation of the Series B Preferred Shares 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 B Preferred Shares the Reporting Person owns, which were inadvertently omitted from the original filing. /s/ Ioannis Zafirakis 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)

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