Ardmore Shipping (NYSE: ASC) director reports 47,471 shares and 8,155 RSUs

Rhea-AI Filing Summary

Ardmore Shipping Corp director Kirsi Tikka filed an initial ownership report showing direct holdings of 47,471 shares of common stock and 8,155 restricted stock units (RSUs). The RSUs represent rights to receive the same number of common shares and are scheduled to vest in full on June 17, 2026.

The RSUs carry dividend equivalent rights that will be paid in additional shares when the RSUs vest, based on accrued dividends and the common stock’s fair market value at vesting or dividend payment dates.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Tikka Kirsi

(Last) (First) (Middle)

C/O PERKINS COIE LLP

1301 SECOND AVENUE, SUITE 4200

(Street)

SEATTLE WASHINGTON 98101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Ardmore Shipping Corp [ ASC ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	47,471	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	06/17/2026(2)	06/17/2026	Common Stock	8,155	$0.0000	D

Explanation of Responses:

1. Restricted Stock Units ("RSUs") represent a contingent right to receive one share of the Issuer's common stock per RSU. RSUs have associated dividend equivalent rights ("DERs") that vest and become payable in shares of the Issuer's common stock proportionately with the RSUs to which they relate. Upon vesting of RSUs, the number of shares issuable under the associated DERs becomes calculable, based on the quotient of the accrued dividends with respect to the vested RSUs, divided by the common stock's fair market value on such vesting date (or in the event dividends are declared, but not yet paid to stockholders as of a vesting date, on the date of payment to stockholders).

2. These RSUs vest in full on the date shown, subject to the reporting person's continued service to the Issuer through the vesting date.

Remarks:

Exhibit 24: Power of Attorney provided herewith. Due to technical difficulties, the reporting person's foreign address could not be provided.

	/s/ Aideen O'Driscoll, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Ardmore Shipping (ASC) director Kirsi Tikka report in this Form 3?

The filing reports Kirsi Tikka’s initial ownership in Ardmore Shipping, including 47,471 shares of common stock and 8,155 restricted stock units. These positions show her current equity stake as a director rather than a new market purchase or sale.

How many Ardmore Shipping (ASC) shares does Kirsi Tikka directly hold?

Kirsi Tikka directly holds 47,471 shares of Ardmore Shipping common stock after the reported positions. This figure reflects her direct ownership and provides a baseline view of her equity exposure as a member of the company’s board of directors.

What are the key terms of Kirsi Tikka’s 8,155 restricted stock units in ASC?

The 8,155 restricted stock units each represent a contingent right to receive one Ardmore Shipping common share. They vest in full on June 17, 2026, subject to her continued service with the company through that vesting date, according to the disclosure footnotes.

How do dividend equivalent rights work on Ardmore Shipping (ASC) RSUs?

The RSUs have dividend equivalent rights that accumulate dividends as if the units were shares. When the RSUs vest, these accumulated amounts convert into additional common shares, calculated using accrued dividends divided by the stock’s fair market value on the relevant vesting or payment date.

Does this Ardmore Shipping (ASC) Form 3 show any insider buying or selling?

The report lists holdings of common stock and RSUs but does not record explicit buy or sell transactions. It serves as an initial statement of beneficial ownership for director Kirsi Tikka, establishing her starting equity position with Ardmore Shipping Corp.