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Form 4 Icon Energy Corp For: Jun 30 Filed by: Panagiotidi Ismini Evangelia

July 2, 2026 4:16 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Panagiotidi Ismini Evangelia

(Last) (First) (Middle)
17TH KM NATIONAL ROAD
ATHENS-LAMIA & FOINIKOS STR.

(Street)
NEA KIFISSIA 14564

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Icon Energy Corp [ ICON ]
5. 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
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Cumulative Convertible Perpetual Preferred Shares (1) 06/30/2026 J (2) 2,436 06/30/2026 (1) Common Shares (1) (3) 21,390 I By Atlantis Holding Corp. (4)
Explanation of Responses:
1. Series A Cumulative Convertible Perpetual Preferred Shares may be converted at the holder's 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.
2. On June 30, 2026, Atlantis Holding Corp. ("Atlantis") acquired 2,436 Series A Preferred Shares, as a result of the Company's election to pay in kind the dividend due on the Series A Cumulative Convertible Perpetual Preferred Shares.
3. On June 30, 2026, the Company approved the distribution of dividends on the Series A Cumulative Convertible Perpetual Preferred Shares in an aggregate amount of $2,436,053 and elected to pay such dividend in kind, by issuing 2,436 Series A Cumulative Convertible Perpetual Preferred Shares.
4. The reported securities are held by Atlantis, 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. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest.
/s/ Dennis Psachos, Attorney-in-Fact for Ismini Panagiotidi 07/02/2026
** 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).
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