BW LPG (NYSE: BWLP) CEO details stock option and share positions

Rhea-AI Filing Summary

BW LPG Ltd’s Form 3 shows Chief Executive Officer Kristian Sorensen’s existing equity holdings in the company. He directly holds 20,000 Ordinary Shares and three blocks of stock options, each tied to 220,647 Ordinary Shares at different exercise prices and maturities.

The option tranches have exercise prices of $9.48, $12.96, and $19.42 per share, with expirations in 2030, 2031, and 2032, respectively. Footnotes explain that these exercise prices are converted from Norwegian kroner and are adjusted over time to reflect quarterly cash dividends under the company’s long-term incentive plan.

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^*

Sorensen Kristian

(Last) (First) (Middle)

10 PASIR PANJANG ROAD

(Street)

#17-02 MAPLETREE BUSINESS CITY U0 117438

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
BW LPG Ltd [ BWLP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

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)
Ordinary Shares	20,000	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
Stock Options	03/01/2027	03/01/2030	Ordinary Shares	220,647	$9.48(1)	D
Stock Options	03/01/2028	03/01/2031	Ordinary Shares	220,647	$12.96(2)	D
Stock Options	03/01/2029	03/01/2032	Ordinary Shares	220,647	$19.42(3)	D

Explanation of Responses:

1. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 92.5905 to USD9.4822 based on an exchange rate of NOK 1 to USD0.1024 as of March 13, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

2. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 126.559 to USD12.961 based on an exchange rate of NOK 1 to USD0.1024 as of March 13, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

3. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 189.6346 to USD19.420 based on an exchange rate of NOK 1 to USD0.1024 as of March 13, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

Remarks:

Ex. 24 - Power of Attorney

	/s/ Sharon Tiong, as attorney-in-fact for Kristian Sorensen	03/17/2026
	** 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.

FAQ

What does BW LPG (BWLP) CEO Kristian Sorensen report owning on this Form 3?

Kristian Sorensen reports direct ownership of 20,000 Ordinary Shares of BW LPG Ltd and three stock option awards. Each option award is linked to 220,647 underlying Ordinary Shares, providing significant potential equity exposure if exercised in the future.

What stock option grants are disclosed for the BW LPG (BWLP) CEO?

The CEO holds three stock option blocks, each over 220,647 underlying Ordinary Shares. These options have exercise prices of $9.48, $12.96, and $19.42 per share, giving him substantial potential ownership if he chooses to exercise them.

When do Kristian Sorensen’s BW LPG (BWLP) stock options expire?

The CEO’s stock options on BW LPG Ordinary Shares have staggered expirations in 2030, 2031, and 2032. Each option block covers 220,647 underlying shares, allowing long-dated potential exercises under the company’s long-term incentive structure.

How were the BW LPG (BWLP) CEO’s stock option exercise prices determined?

Footnotes explain the option exercise prices reflect Norwegian kroner amounts converted to U.S. dollars using an exchange rate as of March 13, 2026. The prices are also adjusted over time under the long-term incentive plan to reflect quarterly cash dividends.

Does the BW LPG (BWLP) Form 3 show any recent share purchases or sales?

This Form 3 lists holdings rather than new trades. The transactions are classified as holding entries, with no buy or sell transactions recorded. It documents the CEO’s existing shares and option positions as of the reported event date.