Ardmore Shipping (ASC) CFO discloses restricted stock unit awards

Rhea-AI Filing Summary

Ardmore Shipping Corp’s Chief Financial Officer Russell John filed an initial ownership report showing he holds restricted stock units (RSUs) tied to the company’s common stock. These RSUs cover 651, 1,870 and 5,281 underlying shares, all with a zero exercise price and expirations from 2027 to 2029.

The RSUs represent a right to receive one share of common stock per unit and include dividend equivalent rights that convert accrued dividends into additional shares when the RSUs vest. Some RSUs vest fully on a stated date, while others vest in equal annual installments over two or three years, in each case conditioned on his continued service with the company.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Russell John Mr

Role Chief Financial Officer

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

Holdings After Transaction: Restricted Stock Units — 651 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. 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. 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.

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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^*

Russell John Mr

(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)

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

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)	03/01/2027(2)	03/01/2027	Common Stock	651	$0.0000	D
Restricted Stock Units(1)	03/01/2027(3)	03/01/2028	Common Stock	1,870	$0.0000	D
Restricted Stock Units(1)	03/01/2027(4)	03/01/2029	Common Stock	5,281	$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.

	/s/ Aideen O'Driscoll, Attorney-in-Fact	03/12/2026
	** 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) CFO Russell John report in this Form 3?

He reports existing restricted stock unit (RSU) holdings. The filing lists RSUs linked to 651, 1,870 and 5,281 Ardmore common shares, establishing his initial derivative equity position as Chief Financial Officer without showing any new purchases or sales.

How many Ardmore Shipping (ASC) shares underlie the CFO’s RSUs?

The RSUs are tied to three blocks of underlying shares. They correspond to 651, 1,870 and 5,281 shares of Ardmore common stock, which the CFO may receive as the RSUs vest over time, subject to continued service conditions.

When do the Ardmore Shipping (ASC) CFO’s RSUs expire and vest?

The RSUs have expiration dates from 2027 to 2029. Certain awards vest in full on a specified date, while others vest in equal annual installments over two or three years, contingent on the CFO remaining in service through each vesting date.

What are dividend equivalent rights on Ardmore Shipping (ASC) RSUs?

Dividend equivalent rights (DERs) mirror dividends on RSUs. As dividends accrue on the underlying shares, DERs convert those amounts into additional shares at vesting, using the common stock’s fair market value on the relevant dividend payment or vesting date.

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

No, it records holdings rather than trades. The Form 3 classifies the RSU entries as holdings with an unknown transaction code, establishing the CFO’s starting equity position without indicating any open-market purchases or sales of Ardmore shares.