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Form 3/A DIANA SHIPPING INC. For: Mar 18 Filed by: Zafirakis Ioannis

March 24, 2026 5:53 PM
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 *
Zafirakis Ioannis
(Last) (First) (Middle)
PENDELIS 16, PALAIO FALIRO
(Street)
ATHENS 17564
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
DIANA SHIPPING INC. [ DSX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President
 5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026
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 4 (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.

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