Ardmore CEO reports 151,133 ASC shares, RSU grants

Ardmore Shipping Corp director and Chief Executive Officer Gernot Ruppelt filed an initial ownership report showing his current equity position.

Rhea-AI Filing Summary

Ardmore Shipping Corp director and Chief Executive Officer Gernot Ruppelt filed an initial ownership report showing his current equity position. He directly holds 151,133 shares of common stock and several grants of restricted stock units (RSUs) that each convert into one share of common stock when they vest.

The RSUs cover 3,280, 14,561 and 32,981 underlying common shares, with vesting scheduled beginning on March 1, 2027 and continuing in equal annual installments over two or three years, subject to his continued service. These RSUs carry dividend equivalent rights that pay additional shares based on dividends accrued up to each vesting date.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Ruppelt Gernot

Role Chief Executive 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 — 50,822 contracts (Direct); Common Stock — 151,133 shares (Direct)

Footnotes (4)

1. 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).
2. 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.
3. 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.
4. 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) CEO Gernot Ruppelt report on this Form 3?

The filing reports Gernot Ruppelt’s current equity holdings in Ardmore Shipping. He directly owns 151,133 common shares and multiple restricted stock unit (RSU) grants that can settle in additional common shares as they vest over future years.

How many Ardmore Shipping (ASC) common shares does the CEO directly hold?

The CEO directly holds 151,133 shares of Ardmore Shipping common stock. This figure represents his reported direct ownership as of the Form 3 date and sits alongside separate restricted stock unit awards that convert into additional shares when vesting conditions are met.

What restricted stock units are disclosed for Ardmore Shipping (ASC) CEO Gernot Ruppelt?

The CEO reports several RSU awards tied to Ardmore common stock. They represent 3,280, 14,561 and 32,981 underlying shares, each RSU converting into one common share when vested, giving him contingent rights to additional equity over time.

When do the Ardmore Shipping (ASC) RSUs held by the CEO vest?

The RSUs begin vesting on March 1, 2027, subject to continued service. Some RSUs vest in full on the indicated date, while others vest in equal annual installments over two or three years, depending on the specific grant’s terms.

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

Dividend equivalent rights add extra shares based on accrued dividends. For each vested RSU, DERs convert accrued cash dividends into additional common shares, using the quotient of total accrued dividends divided by Ardmore’s common stock fair market value on the vesting or payment date.

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

The Form 3 reflects holdings, not explicit insider purchases or sales. It lists existing common stock and RSU positions for the CEO, including vesting and expiration dates, but does not show open-market buy or sell transactions in this data set.

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

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Accepted by SEC EDGAR 03/18/2026 - 07:06 PM Learn about SEC filing 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

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Ruppelt Gernot

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive 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	151,133	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)	03/01/2027(2)	03/01/2027	Common Stock	3,280	$0.0000	D
Restricted Stock Units(1)	03/01/2027(3)	03/01/2028	Common Stock	14,561	$0.0000	D
Restricted Stock Units(1)	03/01/2027(4)	03/01/2029	Common Stock	32,981	$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	03/18/2026
	** 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)