SCHEDULE: OceanPal Insider Ownership Update Filed by Simeon Palios

Simeon Palios and affiliated entities updated their beneficial ownership in OceanPal Inc., reporting a combined 2.69% stake.

Summary

• Simeon Palios, a Greek citizen, beneficially owns 848,520 shares of OceanPal Inc. Common Stock, representing 2.69% of the class.
• Taracan Investments S.A., a Marshall Islands entity, beneficially owns 575,892 shares, representing 1.82% of the class.
• Limon Compania Financiera S.A., also a Marshall Islands entity, beneficially owns 272,628 shares, representing 0.87% of the class.
• Mr. Palios has shared voting and shared dispositive power over all 848,520 shares.
• Taracan Investments S.A. has shared voting and shared dispositive power over its 575,892 shares.
• Limon Compania Financiera S.A. has shared voting and shared dispositive power over its 272,628 shares.
• The reporting persons certified that the securities were not acquired for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a routine Schedule 13G amendment disclosing beneficial ownership, which is generally neutral in sentiment unless there's a significant change in ownership or intent, neither of which is explicitly detailed as a change in this specific filing.

Positives

• A key insider, Simeon Palios, maintains a significant beneficial ownership stake in OceanPal Inc., which can align management and shareholder interests.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or operations.

Management Comments

• Simeon Palios, as Principal for Taracan Investments S.A. and Limon Compania Financiera S.A., and individually, certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of OceanPal Inc.

Industry Context

This filing is a routine disclosure of beneficial ownership by an insider and affiliated entities. While not directly related to broader industry trends, insider ownership can be a signal of confidence in the company's prospects within the shipping sector.

Related Party Transactions

• Simeon Palios's beneficial ownership of 848,520 shares includes the shares held by Taracan Investments S.A. (575,892 shares) and Limon Compania Financiera S.A. (272,628 shares), indicating his control over these entities and their holdings.

Stakeholder Impact

• Shareholders are informed about the beneficial ownership structure of a key insider and affiliated entities, providing transparency regarding significant ownership stakes.

Key Dates

Keywords

OceanPal Inc., OP, Simeon Palios, Taracan Investments S.A., Limon Compania Financiera S.A., Schedule 13G, beneficial ownership, common stock, insider ownership, shipping