OceanPal Inc. (NASDAQ:SVRN) spiked 40.16% to $0.31 in after-hours trading on Wednesday.
The after-hours spike coincided with a wave of Securities and Exchange Commission Form 3 filings disclosing new insider ownership across multiple executive and director roles.
Sweeping Leadership Reset Triggers Market Reaction
SEC Form 3 filings — the required initial ownership disclosures under Section 16(a) of the Securities Exchange Act of 1934 — confirmed a major executive overhaul at OceanPal.
Chief Financial Officer Vasiliki Plousaki, Chief Accounting Officer Konstantina Tsakiri and Co-CEO Robert J. Perri filed on Tuesday, with Co-CEO Salvatore J. Ternullo, Secretary Margarita Veniou, and the directors filing on Wednesday.
According to the filing, Co-CEO Ternullo was granted 822,156 restricted stock units, with 25% vesting on Sept. 1 …
