TOP SHIPS INC. (TOPS) director Karelas Konstantinos in Form 3

Rhea-AI Filing Summary

TOP SHIPS INC. filed an initial insider ownership statement naming Karelas Konstantinos as a reporting person. He is identified as a director of the company and is not listed as an officer or a ten percent owner in this filing. The statement does not report any insider transactions.

Key Figures

Buy transactions: 0 Sell transactions: 0 Derivative exercises: 0 +1 more

4 metrics

Buy transactions 0 Form 3 transaction summary

Sell transactions 0 Form 3 transaction summary

Derivative exercises 0 Form 3 transaction summary

Net buy/sell shares 0 Form 3 transaction summary

Key Terms

Form 3, reportingPersons, issuerTicker, ten_percent_owner, +1 more

5 terms

Form 3 regulatory

"INSIDER FILING DATA (Form 3):"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

reportingPersons regulatory

""reportingPersons": [ { "name": "Karelas Konstantinos""

issuerTicker financial

""issuerTicker": "TOPS""

ten_percent_owner regulatory

""is_ten_percent_owner": 0"

transactionSummary financial

""transactionSummary": { "buyCount": 0"

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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OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Karelas Konstantinos

(Last) (First) (Middle)

20 DAVAKI

(Street)

FILOTHEI, ATTICA 15237

(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
TOP SHIPS INC. [ TOPS ]

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
	Officer (give title below)		Other (specify below)

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)

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:

No securities are beneficially owned.

	/s/ Konstantinos Karelas	04/01/2026
	** 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 the TOPS Form 3 filing for Karelas Konstantinos show?

The Form 3 lists Karelas Konstantinos as a reporting person and director of TOP SHIPS INC.. It is an initial insider ownership statement and does not disclose any insider transactions in this filing.

Is Karelas Konstantinos a ten percent owner of TOP SHIPS INC. (TOPS)?

In this Form 3, Karelas Konstantinos is identified as a director and is marked as not a ten percent owner. The filing flags his director status but does not classify him as a major shareholder.

Does the TOPS Form 3 for Karelas Konstantinos report any share transactions?

No transactions are reported in this Form 3. The transaction summary shows zero buys, zero sells, and zero derivative exercises, indicating the filing is purely an initial statement without reported trading activity.

What insider activity counts are shown in the TOPS Form 3 summary?

The transaction summary reports zero buy, sell, gift, tax-withholding, and restructuring transactions, and net buy/sell shares of zero. It also notes a neutral net buy/sell direction, confirming no reported activity.

What role does Karelas Konstantinos hold at TOP SHIPS INC. (TOPS) in this filing?

The Form 3 identifies Karelas Konstantinos as a director of TOP SHIPS INC. He is not shown as an officer, and the officer title field is blank, emphasizing his board role rather than an executive position.