Icon Energy (ICON) CEO reports indirect common and preferred stakes

Rhea-AI Filing Summary

Icon Energy Corp’s chief executive officer Panagiotidi Ismini Evangelia filed an initial ownership report showing indirect holdings in the company through Atlantis Holding Corp.

The filing lists 1,000 common shares and 1,500,000 Series B Perpetual Preferred Shares held indirectly. It also notes 18,954 Series A Cumulative Convertible Perpetual Preferred Shares that Atlantis Holding Corp. may convert into common shares at its option until July 15, 2032, at a conversion price tied to either $1,200 or the five-day volume weighted average price, whichever is lower. The report states the CEO controls Atlantis Holding Corp. but disclaims beneficial ownership beyond her pecuniary interest.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Panagiotidi Ismini Evangelia

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Series A Cumulative Convertible Perpetual Preferred Shares	--	--	--
holding	Common Shares	--	--	--
holding	Series B Perpetual Preferred Shares	--	--	--

Holdings After Transaction: Series A Cumulative Convertible Perpetual Preferred Shares — 0 shares (Indirect, By Atlantis Holding Corp.); Common Shares — 1,000 shares (Indirect, By Atlantis Holding Corp.); Series B Perpetual Preferred Shares — 1,500,000 shares (Indirect, By Atlantis Holding Corp.)

Footnotes (1)

1. The reported securities are held by Atlantis Holding Corp., a company incorporated in the Marshall Islands and controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own the securities owned directly by Atlantis Holding Corp. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest. Atlantis Holding Corp. holds 18,954 Series A Cumulative Convertible Perpetual Preferred Shares which may be converted at its option until July 15, 2032, to the Company's common shares, at a conversion price equal to the lesser of $1,200 and the volume weighted average price of the Company's common shares over the five consecutive trading day period expiring on the trading day immediately prior to the date of delivery of written notice of the conversion. The Series A Cumulative Convertible Perpetual Preferred Shares have no expiration date.

Understanding Insider Trading Forms →

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^*

Panagiotidi Ismini Evangelia

(Last) (First) (Middle)

17TH KM NATIONAL ROAD

ATHENS-LAMIA & FOINIKOS STR.

(Street)

NEA KIFISSIA ATHENS 94041

(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
Icon Energy Corp [ ICON ]

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	X	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 Shares	1,000	I	By Atlantis Holding Corp.(1)
Series B Perpetual Preferred Shares	1,500,000	I	By Atlantis Holding Corp.(1)

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
Series A Cumulative Convertible Perpetual Preferred Shares	07/16/2025	(2)	Common Shares	(2)	(2)	I	By Atlantis Holding Corp.(1)

Explanation of Responses:

1. The reported securities are held by Atlantis Holding Corp., a company incorporated in the Marshall Islands and controlled by the Reporting Person. The Reporting Person may be deemed to beneficially own the securities owned directly by Atlantis Holding Corp. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest.

2. Atlantis Holding Corp. holds 18,954 Series A Cumulative Convertible Perpetual Preferred Shares which may be converted at its option until July 15, 2032, to the Company's common shares, at a conversion price equal to the lesser of $1,200 and the volume weighted average price of the Company's common shares over the five consecutive trading day period expiring on the trading day immediately prior to the date of delivery of written notice of the conversion. The Series A Cumulative Convertible Perpetual Preferred Shares have no expiration date.

Remarks:

Exhibit 24 - Power of Attorney.

	/s/ Dennis Psachos, Attorney-in-Fact for Ismini Panagiotidi	03/27/2026
	** 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 Icon Energy Corp (ICON) Form 3 disclose about CEO holdings?

The Form 3 shows the CEO’s indirect ownership in Icon Energy Corp through Atlantis Holding Corp, including 1,000 common shares, 1,500,000 Series B preferred shares, and convertible Series A preferred shares, establishing her initial reported stake as a director, officer, and ten percent owner.

How many Icon Energy (ICON) common shares are reported on this Form 3?

The Form 3 reports 1,000 common shares held indirectly by Atlantis Holding Corp. controlled by the CEO. These shares are part of her disclosed beneficial ownership position, alongside substantial preferred share holdings, as of the initial ownership filing date.

What preferred share classes does Atlantis Holding Corp hold in Icon Energy (ICON)?

Atlantis Holding Corp holds Series A and Series B preferred in Icon Energy. The filing lists 1,500,000 Series B Perpetual Preferred Shares and 18,954 Series A Cumulative Convertible Perpetual Preferred Shares that may be converted into common shares under specified terms until July 15, 2032.

How can the Series A preferred shares of Icon Energy (ICON) be converted?

The Series A preferred may be converted at Atlantis Holding Corp’s option until July 15, 2032, into common shares at a price equal to the lesser of $1,200 and the five-day volume weighted average price before written conversion notice.

Does the Icon Energy (ICON) CEO fully own all Atlantis Holding Corp shares reported?

The CEO may be deemed to beneficially own Atlantis-held securities because she controls Atlantis Holding Corp, but she expressly disclaims beneficial ownership of those securities except to the extent of her pecuniary interest, limiting the scope of personal economic exposure.

Is this Icon Energy (ICON) Form 3 a record of trades or just holdings?

This Form 3 records holdings, not trades. The entries are classified as holdings with no buy or sell transactions reported, establishing the CEO’s initial indirect ownership in common and preferred shares via Atlantis Holding Corp as of the reported date.