Initial Statement of Beneficial Ownership of Securities

This filing, a Form 3, reports the initial beneficial ownership of securities for Aristeidis P. Pittas, Vice Chairman of EuroDry Ltd. (EDRY). The filing details direct and indirect ownership of common stock. Direct ownership amounts to 35,970 shares. Indirect ownership includes 44,030 shares held through Friends Dry Investment Ltd., 77,563 shares held through Family United Navigation Co., and 99,584 shares owned by his wife through these entities. The filing also notes 4,650 shares in unvested incentive stock awards with staggered vesting dates through July 1, 2027. The reporting person disclaims beneficial ownership of shares except to the extent of his pecuniary interest, and this inclusion does not constitute an admission of beneficial ownership for Section 16 or other purposes.