Ardmore Shipping (ASC) director discloses stock and RSU holdings

Rhea-AI Filing Summary

Ardmore Shipping Corp director Mats Berglund filed an initial ownership report showing direct holdings in both common stock and restricted stock units (RSUs). He holds 12,851 shares of common stock directly. He also holds RSUs tied to 8,155 underlying shares of common stock that carry dividend equivalent rights.

The RSUs vest in full on June 17, 2026, provided he continues to serve the company through that date. Upon vesting, the associated dividend equivalents become payable in additional shares based on accrued dividends and the common stock’s fair market value at vesting or dividend payment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BERGLUND MATS

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 — 12,851 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.

Understanding Insider Trading Forms →

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^*

BERGLUND MATS

(Last) (First) (Middle)

666 THIRD AVENUE

(Street)

NEW YORK NEW YORK 10017

(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	12,851	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 the Ardmore Shipping (ASC) Form 3 filing show for Mats Berglund?

The Form 3 shows director Mats Berglund’s initial ownership in Ardmore Shipping Corp. He directly holds common stock and restricted stock units, giving investors a clear view of his existing equity stake when he became a reportable insider.

How many Ardmore Shipping (ASC) common shares does Mats Berglund hold?

Mats Berglund directly holds 12,851 shares of Ardmore Shipping common stock. This figure reflects his direct equity stake as reported in the Form 3 and provides a baseline for tracking any future insider transactions or changes in his holdings.

What restricted stock units does Mats Berglund report in Ardmore Shipping (ASC)?

He reports restricted stock units (RSUs) linked to 8,155 underlying shares of common stock. Each RSU represents a contingent right to receive one share, plus associated dividend equivalent rights that convert to additional shares when the RSUs vest.

When do Mats Berglund’s Ardmore Shipping (ASC) RSUs vest?

The RSUs reported by Mats Berglund vest in full on June 17, 2026, subject to his continued service with Ardmore Shipping through that date. Vesting converts the RSUs and associated dividend equivalents into shares of common stock.

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

The RSUs carry dividend equivalent rights (DERs) that vest and become payable in shares proportionately with the RSUs. The number of DER shares is based on accrued dividends divided by the common stock’s fair market value on the relevant vesting or dividend payment date.

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

The Form 3 does not report new insider purchases or sales. It records Mats Berglund’s existing holdings in common stock and RSUs as his initial statement of beneficial ownership, rather than documenting a current market transaction.