Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTBrendan Coffey, The Motley FoolSat, September 19, 2026 at 5:23 PM GMT+2 5 min readMilena Maria Pappas, a Director at Star Bulk Carriers (NASDAQ:SBLK), reported an indirect purchase of 74,400 shares on Sept. 15, 2026, according to an SEC Form 4 filing.Transaction summaryMetricValueTransaction value~$2.1 millionShares purchased (indirectly held)74,400Post-transaction shares (total)3,170,074Post-transaction shares (directly held)3,000Post-transaction shares (indirectly held)3,167,074Post-transaction value~$98.94 millionTransaction value based on SEC Form 4 weighted average purchase price ($28.27); post-transaction value based on Sept. 15, 2026 market close ($31.21).Key questionsWhat is the nature of the indirect ownership disclosed in this filing?The acquisition was conducted through three separate corporations in which Milena Maria Pappas holds a full economic interest, bringing her total indirect holdings to ~3.2 million shares.How does this purchase relate to the director's total equity exposure?While Pappas holds a direct position of 3,000 shares, the bulk of her ~$98.94 million interest is held through corporate entities, contributing to an aggregate insider ownership level of 3% for the firm.What was the market context at the time of execution?Shares were acquired at $28.27 per share, while the stock closed the same day at $31.21, reflecting a 61% return over the 12 months ending Sept. 15, 2026.What is the operational scale of the company in which the director is increasing her stake?Star Bulk Carriers operates a fleet of 136 dry bulk vessels and reported trailing-twelve-month revenue of $1.2 billion and net income of $287.2 million.Company OverviewMetricValueShare Price (as of market close 2026-09-16)$30.87Market Capitalization$3.5 billionRevenue (TTM)$1.2 billionNet Income (TTM)$287.2 millionCompany SnapshotStar Bulk Carriers operates a diversified fleet of 136 dry bulk carrier vessels engaged in the ocean transportation of commodities including iron ore, minerals, grains, bauxite, fertilizers, and steel products across global trade routes.The company generates revenue through the ownership and operation of dry bulk carriers across multiple vessel classes -- including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, Ultramax, and Supramax -- providing flexible capacity solutions for bulk commodity transportation.Star Bulk Carriers serves a broad customer base of commodity traders, mining companies, agricultural exporters, and industrial manufacturers requiring reliable ocean transportation services for bulk materials in international commerce.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info