EuroDry (EDRY) CEO Aristides J. Pittas discloses direct and indirect holdings

Rhea-AI Filing Summary

EuroDry Ltd. director and Chief Executive Officer Aristides J. Pittas filed an initial ownership report showing holdings of the company’s common stock. He reports 103,470 shares held directly, including 16,500 unvested incentive stock awards, with 5,500 shares vesting on July 1, 2026, 5,500 on November 13, 2026 and 5,500 on July 1, 2027. He also reports indirect ownership of 62,449 shares through Friends Dry Investment Ltd., 180,308 shares through Ergina Shipping Ltd., and 20,365 shares through Prisma Trading Company, which is 75% owned by his wife. He disclaims beneficial ownership of all reported shares except to the extent of his pecuniary interest.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Pittas Aristeidis J

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Common stock	--	--	--
holding	Common stock	--	--	--
holding	Common stock	--	--	--
holding	Common stock	--	--	--

Holdings After Transaction: Common stock — 103,470 shares (Direct); Common stock — 62,449 shares (Indirect, Friends Dry Investment Ltd.)

Footnotes (1)

1. Includes 16,500 shares of unvested incentive stock awards, of which 5,500 will vest on July 1, 2026, 5,500 shares will vest on November 13, 2026 and 5,500 shares will vest on July 1, 2027. The Reporting Person disclaims beneficial ownership of all the shares reported in this Form 3 except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed anadmission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose. The reported shares are owned directly by Aristides J. Pittas, an entity owned by the reporting person.

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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

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1. Name and Address of Reporting Person^*

Pittas Aristeidis J

(Last) (First) (Middle)

4 MESSOGEIOU & EVROPIS STREET

(Street)

MAROUSSI 151 24

(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
EuroDry Ltd. [ EDRY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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	103,470(1)	D
Common stock	62,449(2)	I	Friends Dry Investment Ltd.(2)
Common stock	180,308	I	Ergina Shipping Ltd.(3)
Common stock	20,365	I	Prisma Trading Company, 75% owned by wife(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

Explanation of Responses:

1. Includes 16,500 shares of unvested incentive stock awards, of which 5,500 will vest on July 1, 2026, 5,500 shares will vest on November 13, 2026 and 5,500 shares will vest on July 1, 2027.

2. The Reporting Person disclaims beneficial ownership of all the shares reported in this Form 3 except to the extent of such reporting person's respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed anadmission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

3. The reported shares are owned directly by Aristides J. Pittas, an entity owned by the reporting person.

	Aristides J. Pittas	03/18/2026
	** 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)

FAQ

What does EuroDry (EDRY) CEO Aristides J. Pittas report on this Form 3?

He reports his initial ownership of EuroDry common stock as a director and CEO. The filing lists both directly held shares and indirect holdings through several related entities, giving investors a detailed snapshot of his equity stake at this time.

How many EuroDry (EDRY) shares does Aristides J. Pittas hold directly?

He reports directly holding 103,470 shares of EuroDry common stock. This figure includes 16,500 unvested incentive stock awards that will vest in three equal installments through 2026 and 2027, reflecting both current and scheduled future equity-based compensation.

What indirect EuroDry (EDRY) shareholdings are disclosed for Aristides J. Pittas?

He reports 62,449 shares held through Friends Dry Investment Ltd., 180,308 shares through Ergina Shipping Ltd., and 20,365 shares through Prisma Trading Company. These positions represent indirect ownership interests associated with entities linked to him or his immediate family.

What unvested EuroDry (EDRY) incentive stock awards are included in the holdings?

The filing notes 16,500 unvested incentive stock awards included in his direct holdings. These are scheduled to vest in three tranches of 5,500 shares each on July 1, 2026, November 13, 2026, and July 1, 2027, subject to applicable conditions.

Does Aristides J. Pittas claim full beneficial ownership of all reported EuroDry (EDRY) shares?

No, he expressly disclaims beneficial ownership of all reported shares except to the extent of his pecuniary interest. This standard legal language clarifies that inclusion of shares in the report does not concede full beneficial ownership for regulatory or other purposes.

What is the purpose of this EuroDry (EDRY) Form 3 filing?

The Form 3 serves as an initial statement of beneficial ownership for a company insider. It establishes the starting point of Aristides J. Pittas’s direct and indirect EuroDry equity holdings as a director and Chief Executive Officer at the time of reporting.