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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 4/3/24 |
Issuer: |
| Issuer CIK: 1322439 |
| Issuer Name: Eagle Bulk Shipping Inc. |
| Issuer Trading Symbol: EGLE |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1720161 |
| | Owner Name: Castor Maritime Inc. |
| Reporting Owner Address: |
| | Owner Street 1: 223 CHRISTODOULOU CHATZIPAVLOU STREET, |
| | Owner Street 2: HAWAII ROYAL GARDENS |
| | Owner City: LIMASSOL |
| | Owner State: G4 |
| | Owner ZIP Code: 3036 |
| | Owner State Description: CYPRUS |
| Reporting Owner Relationship: |
| | Is Ten Percent Owner? Yes |
Aff 10b5 One? No |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/3/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 59,398 |
| | | Transaction Price Per Share: |
| Value: 62.59 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,450,898 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/3/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 10,237 |
| | | Transaction Price Per Share: |
| Value: 62.99 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,461,135 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/4/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 61,243 |
| | | Transaction Price Per Share: |
| Value: 62.59 |
| Footnote ID: F3 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,522,378 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 4/4/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 38,757 |
| | | Transaction Price Per Share: |
| Value: 63.45 |
| Footnote ID: F4 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,561,135 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $61.96 to $62.935, inclusive. The reporting person undertakes to provide to Eagle Bulk Shipping Inc., any security holder of Eagle Bulk Shipping Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (4) to this Form 4. |
| Footnote - F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $62.96 to $63.00, inclusive. |
| Footnote - F3: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $61.995 to $62.99, inclusive. |
| Footnote - F4: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $62.995 to $63.84, inclusive. |
Owner Signature: |
| Signature Name: /s/ Petros Panagiotidis Chairman, Chief Executive Officer and Chief Financial Officer, on behalf of Castor Maritime Inc. |
| Signature Date: 4/5/24 |