SCHEDULE 13D/A 0001770440 XXXXXXXX LIVE 20 Common Stock, $0.01 par value per share 10/28/2025 false 0001869467 Y6430L301 OceanPal Inc.

Pendelis 26 Palaio Faliro Athens J3 175 64

Mr. Anastasios Margaronis 30-210-9470-100 Pendelis 26 Palaio Faliro Athens J3 175 64 Y Anastasios Margaronis b OO N J3 0.00 999595.00 0.00 999595.00 999595.00 N 3.11 IN 0001770440 N Anamar Investments Inc. b OO N 1T 0.00 999595.00 0.00 999595.00 999595.00 N 3.11 CO Common Stock, $0.01 par value per share OceanPal Inc. Pendelis 26 Palaio Faliro Athens J3 175 64 This Amendment No. 20 (the "Amendment No. 20") to the Schedule 13D amends the statement on Schedule 13D that was originally filed with the U.S. Securities and Exchange Commission (the "Commission") on December 13, 2021 (the "Schedule 13D") as amended on October 6, 2023, October 16, 2023, October 18, 2023, November 24, 2023, December 15, 2023, January 22, 2024, February 22, 2024, March 7, 2024, March 28, 2024, June 12, 2024, June, 26, 2024, August 29, 2024, October 17, 2024, December 2, 2024, December 20, 2024, February 11, 2025, April 15, 2025, and August 1, 2025 filed by the Reporting Persons (as defined below) related to the shares of common stock, par value $0.01 per share (the "Shares"), of OceanPal Inc. (the "Issuer"). This Amendment No. 20 is the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons. This amended Schedule 13D is being filed on behalf of Anastasios Margaronis ("Margaronis"), a citizen of Greece, and Anamar Investments Inc., a Marshall Islands corporation ("Anamar"). Margaronis and Anamar are collectively referred to as the "Reporting Persons" Margaronis may be deemed to beneficially own all of the issued and outstanding shares of Anamar, as the result of Margaronis' ability to control the vote and disposition of such shares. The principal business address for the Reporting Persons is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece. To the best of the Reporting Persons' knowledge, the Reporting persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). To the best of the Reporting Persons' knowledge, the Reporting persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were not and are not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. The Reporting Person is a citizen of Greece. As partial consideration for the Issuer's purchase of the m/v Baltimore and m/v Melia from Diana Shipping Inc. ("Diana Shipping"), the Issuer issued shares of its 7.0% Series D Cumulative Convertible Perpetual Preferred stock (the "Series D Preferred Stock") to Diana Shipping. Diana Shipping exercised its right to convert shares of the Series D Preferred Stock into shares of the Issuer's Shares in accordance with the Statement of Designations defining the rights, terms and preferences of the Series D Preferred Stock. Diana Shipping distributed on December 15, 2022 and June 9, 2023, respectively, all of the common shares issued upon the conversion of certain shares of Series D Preferred Stock to its common shareholders (other than those electing to receive shares of Series D Preferred Stock) of record as of the respective distribution record dates (the "Record Dates"), on a pro rata basis (both distributions referred to as the "Distributions"). In connection with the Distributions, Diana Shipping allowed its common shareholders of record as of the Record Date to elect to receive the number of shares of Series D Preferred Stock allocable to such shareholder instead of the Shares. The Reporting Persons, as common shareholders of Diana Shipping as of the Record Dates, elected to receive their Diana Shipping distribution in shares of Series D Preferred Stock. The Reporting Persons may be deemed to have beneficial ownership of Shares through their ownership of Series D Preferred Stock which may be converted into common shares at the Reporting Persons' option, subject to certain ownership restrictions contained in the Series D Preferred Stock's statement of designation, including that shares of the Series D Preferred Stock shall not be convertible into the Issuer's common shares to the extent that such conversion would result in the Reporting Persons becoming the beneficial owner of more than 49% of the total issued and outstanding common Shares. Pursuant to a share purchase agreement dated October 15, 2024 (the "Share Purchase Agreement"), Anamar purchased shares of Series D Preferred Stock from Abra Marinvest Inc. for due consideration. The Reporting Persons acquired the Shares in connection with the Distributions and Share Purchase Agreement as described herein solely for investment purposes. The Reporting Persons, at any time and from time to time, may acquire additional Shares, including in connection with the provision of any services or other strategic transactions with the Issuer, or dispose of any or all of the Shares they own depending upon an ongoing evaluation of their investment in the Shares, prevailing market conditions, other investment opportunities, other investment considerations and/or other factors. The Reporting Persons further reserve the right to act in concert with any other shareholders of the Issuer, or other persons, for a common purpose should they determine to do so, and/or to recommend courses of action to the Issuer's management, the Issuer's Board of Directors, the Issuer's shareholders and others. In addition, the Reporting Persons are in contact with members of the Issuer's management, the members of the Issuer's Board of Directors, other significant shareholders and others regarding alternatives that the Issuer could employ to increase shareholder value. As of October 28, 2025, the Issuer had 31,121,477 Shares outstanding. Based on the foregoing, the Reporting Persons report beneficial ownership of the following Shares. Anamar is the record holder of 1,977 shares of Series D Preferred Stock, convertible into an aggregate of 999,595 Shares, representing 3.11% of the Issuer's issued and outstanding Shares, after giving effect to the Conversion Agreement, which Margaronis indirectly may be deemed to beneficially own, as the result of his ability to control the vote and disposition of such entity. Anamar has the sole power to vote or direct the vote of 0 shares and has the shared power to vote or direct the vote of 999,595 Shares. Margaronis has the sole power to vote or direct the vote of 0 Shares and has the shared power to vote or direct the vote of 999,595 Shares. No transactions in the Shares were effected by the Reporting Persons during the past 60 days. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Shares beneficially owned by the Reporting Persons. As of October 28, 2025, each of the Reporting Persons ceased to be the beneficial owner of more than five percent (5%) of the outstanding Common Stock of Issuer. The filing of this Amendment No. 20 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons. Not applicable. Exhibit A Joint Filing Agreement (previously filed). Anastasios Margaronis /s/ Anastasios Margaronis 10/30/2025 Anamar Investments Inc. /s/ Anastasios Margaronis 10/30/2025