Ardmore Shipping COO files initial share holdings

Q: What does Ardmore Shipping (ASC) COO Robert Cristian Gaina report owning on his Form 3?

He reports direct ownership of 3,623 shares of Ardmore Shipping common stock plus multiple grants of restricted stock units that can convert into common shares over time, reflecting his equity-based compensation as Chief Operating Officer.

Q: How many Ardmore Shipping (ASC) restricted stock units does the COO report on the Form 3?

He reports three restricted stock unit grants tied to 905, 3,303, and 7,915 underlying common shares. Each grant represents a right to receive Ardmore Shipping common stock for no cash payment when vesting conditions are met.

Q: How do the Ardmore Shipping (ASC) COO’s RSUs convert into common stock?

Each restricted stock unit represents a contingent right to one Ardmore Shipping common share. Units vest over two or three years, subject to continued service, and then convert into shares at an exercise price of $0.0000 per unit.

Q: What vesting conditions apply to the Ardmore Shipping (ASC) COO’s RSUs?

The RSUs vest only if he continues serving Ardmore Shipping through each vesting date. Some grants vest fully on a stated date, while others vest in equal annual installments over two or three years, according to the disclosed footnotes.

Q: What are dividend equivalent rights (DERs) mentioned in the Ardmore Shipping (ASC) Form 3?

The RSUs include dividend equivalent rights that accrue based on dividends declared on Ardmore Shipping common stock. When RSUs vest, DERs become payable in additional shares, calculated using accrued dividends and the common stock’s fair market value at vesting or payment date.

Ardmore Shipping Corp Chief Operating Officer Robert Cristian Gaina filed an initial ownership report showing his equity position in the company.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Ardmore Shipping Corp Chief Operating Officer Robert Cristian Gaina filed an initial ownership report showing his equity position in the company. He directly holds 3,623 shares of common stock and several grants of restricted stock units that each convert into common shares at no exercise price as they vest over future dates.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Gaina Robert Cristian

Role Chief Operating Officer

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

Holdings After Transaction: Restricted Stock Units — 12,123 contracts (Direct); Common Stock — 3,623 shares (Direct)

Footnotes (4)

F1. 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).
F2. These RSUs vest in full on the date shown, subject to the reporting person's continued service to the Issuer through the vesting date.
F3. Date at which first vesting occurs is indicated. These RSUs vest in equal annual installments over 2 years, subject to the reporting person's continued service to the Issuer through each vesting date.
F4. Date at which first vesting occurs is indicated. These RSUs vest in equal annual installments over 3 years, subject to the reporting person's continued service to the Issuer through each vesting date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Ardmore Shipping (ASC) COO Robert Cristian Gaina report owning on his Form 3?

He reports direct ownership of 3,623 shares of Ardmore Shipping common stock plus multiple grants of restricted stock units that can convert into common shares over time, reflecting his equity-based compensation as Chief Operating Officer.

How many Ardmore Shipping (ASC) restricted stock units does the COO report on the Form 3?

He reports three restricted stock unit grants tied to 905, 3,303, and 7,915 underlying common shares. Each grant represents a right to receive Ardmore Shipping common stock for no cash payment when vesting conditions are met.

How do the Ardmore Shipping (ASC) COO’s RSUs convert into common stock?

Each restricted stock unit represents a contingent right to one Ardmore Shipping common share. Units vest over two or three years, subject to continued service, and then convert into shares at an exercise price of $0.0000 per unit.

What vesting conditions apply to the Ardmore Shipping (ASC) COO’s RSUs?

The RSUs vest only if he continues serving Ardmore Shipping through each vesting date. Some grants vest fully on a stated date, while others vest in equal annual installments over two or three years, according to the disclosed footnotes.

What are dividend equivalent rights (DERs) mentioned in the Ardmore Shipping (ASC) Form 3?

The RSUs include dividend equivalent rights that accrue based on dividends declared on Ardmore Shipping common stock. When RSUs vest, DERs become payable in additional shares, calculated using accrued dividends and the common stock’s fair market value at vesting or payment date.

Does the Ardmore Shipping (ASC) COO’s Form 3 show any recent stock purchases or sales?

No explicit purchases or sales are shown. The filing presents holding entries for common stock and restricted stock units, indicating his existing equity position rather than newly reported buy or sell transactions in Ardmore Shipping shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 03/18/2026 - 07:06 PM EDT

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Gaina Robert Cristian

(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)

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

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	3,623	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Restricted Stock Units⁽¹⁾	03/01/2027⁽²⁾	03/01/2027	Common Stock	905	$0.0000	D
Restricted Stock Units⁽¹⁾	03/01/2027⁽³⁾	03/01/2028	Common Stock	3,303	$0.0000	D
Restricted Stock Units⁽¹⁾	03/01/2027⁽⁴⁾	03/01/2029	Common Stock	7,915	$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.

3. Date at which first vesting occurs is indicated. These RSUs vest in equal annual installments over 2 years, subject to the reporting person's continued service to the Issuer through each vesting date.

4. Date at which first vesting occurs is indicated. These RSUs vest in equal annual installments over 3 years, subject to the reporting person's continued service to the Issuer through each 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	03/13/2026
	** 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)

Source: View Original Filing on SEC EDGAR