Jesper Christensen - 08 Sep 2025 Form 4 Insider Report for GENCO SHIPPING & TRADING LTD (GNK)

Signature
/s/ Jesper Christensen
Issuer symbol
GNK
Transactions as of
08 Sep 2025
Net transactions value
-$252,817
Form type
4
Filing time
10 Sep 2025, 18:38:24 UTC
Previous filing
25 Feb 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Christensen Jesper Chief Commercial Officer GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK /s/ Jesper Christensen 10 Sep 2025 0001972855

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNK Common Stock Options Exercise $231,363 +32,771 +57% $7.06 90,093 08 Sep 2025 Direct F1
transaction GNK Common Stock Sale $231,349 -12,810 -14% $18.06 77,283 08 Sep 2025 Direct F2
transaction GNK Common Stock Options Exercise $133,508 +13,472 +17% $9.91 90,755 08 Sep 2025 Direct F3
transaction GNK Common Stock Sale $133,500 -7,392 -8.1% $18.06 83,363 08 Sep 2025 Direct F4
transaction GNK Common Stock Sale $252,840 -14,000 -17% $18.06 69,363 08 Sep 2025 Direct F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNK Option Options Exercise $0 -13,472 -100% $0.000000 0 08 Sep 2025 Common Stock 13,472 $9.91 Direct F3, F13
transaction GNK Option Options Exercise $0 -32,771 -100% $0.000000 0 08 Sep 2025 Common Stock 32,771 $7.06 Direct F3, F14
holding GNK Restricted Stock Units 30,303 08 Sep 2025 Common Stock 30,303 Direct F7, F8
holding GNK Restricted Stock Units 6,421 08 Sep 2025 Common Stock 6,421 Direct F7, F9
holding GNK Restricted Stock Units 6,135 08 Sep 2025 Common Stock 6,135 Direct F7, F10
holding GNK Restricted Stock Units 9,646 08 Sep 2025 Common Stock 9,646 Direct F7, F11
holding GNK Restricted Stock Units 6,135 08 Sep 2025 Common Stock 6,135 Direct F7, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents exercise of stock options held by the reporting person that were scheduled to expire, if not exercised, at 5:00 p.m. on February 25, 2026.
F2 Represents shares withheld by the issuer for the cashless exercise of options for 32,771 shares of the issuer's common stock.
F3 Represents exercise of stock options held by the reporting person that were scheduled to expire, if not exercised, at 5:00 p.m. on February 23, 2027.
F4 Represents shares withheld by the issuer for the cashless exercise of options for 13,472 shares of the issuer's common stock.
F5 A portion of these shares was sold in order to satisfy the reporting person's tax obligations for shares of common stock received upon the exercise of options.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.97 to $18.16 (inclusive) on September 8, 2025. The reporting person undertakes to provide to Genco Shipping & Trading Limited, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F7 Each restricted stock unit represents the right to receive one share of the issuer's common stock, or in the sole discretion of the issuer's Compensation Committee, the value of a share of common stock on the date that the restricted stock unit vests.
F8 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2025, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F9 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2024, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F10 These restricted stock units generally vest in equal installments on each of the first three anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F11 These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2023, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F12 These restricted stock units generally vest in equal installments on each of the first five anniversaries of February 23, 2022, subject to postponement of settlement if the vesting occurs during a blackout period or other trading restriction.
F13 These options generally become exercisable in equal installments on each of the first three anniversaries of February 23, 2021.
F14 These options generally became exercisable in equal installments on each of the first three anniversaries of February 25, 2020.