Ardmore (NYSE: ASC) director discloses RSUs and stock stake

Rhea-AI Filing Summary

Ardmore Shipping Corp director James Alistair Fok has filed an initial ownership report. He holds 8,155 Restricted Stock Units, each representing a right to receive one share of Ardmore common stock, plus related dividend equivalent rights that pay out in additional shares when the RSUs vest.

The RSUs vest in full on June 17, 2026, provided he continues serving the company through that date. He also directly holds 11,150 shares of Ardmore common stock. This filing records his starting equity position as a director rather than reporting any new share purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fok James Alistair

Role Director

Type	Security	Shares	Price	Value
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 8,155 shares (Direct); Common Stock — 11,150 shares (Direct)

Footnotes (1)

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

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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^*

Fok James Alistair

(Last) (First) (Middle)

DORCHESTER HOUSE

7 CHURCH STREET

(Street)

HAMILTON HM 11

(City) (State) (Zip)

BERMUDA

(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	11,150	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.

	/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 James Alistair Fok report in this Form 3?

He reports his initial equity holdings as a director of Ardmore Shipping. The filing lists 8,155 Restricted Stock Units tied to common stock and 11,150 shares of common stock held directly, without indicating any recent purchase or sale transactions.

How many Restricted Stock Units does James Alistair Fok hold in Ardmore Shipping (ASC)?

He holds 8,155 Restricted Stock Units in Ardmore Shipping. Each RSU represents a contingent right to receive one share of common stock, plus dividend equivalent rights that can add more shares based on dividends accrued before vesting.

When do James Alistair Fok’s Ardmore Shipping (ASC) RSUs vest?

His Restricted Stock Units vest in full on June 17, 2026. Vesting is conditioned on his continued service to Ardmore Shipping through that date, at which point the underlying common shares and related dividend equivalent shares become issuable.

How many Ardmore Shipping (ASC) common shares does James Alistair Fok directly own?

He directly owns 11,150 shares of Ardmore Shipping common stock. These are separate from his 8,155 Restricted Stock Units, which will convert into additional common shares only after they vest on June 17, 2026.

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

No, the Form 3 does not show insider buying or selling. It records existing holdings: 8,155 Restricted Stock Units tied to common stock and 11,150 shares of common stock, with transaction directions listed as unknown and no buy or sell codes reported.