StealthGas CEO reports initial share and option stakes
StealthGas Inc. CEO, President & CFO Harry Vafias filed an initial Form 3 reporting his ownership in the company.
Rhea-AI Filing Summary
StealthGas Inc. CEO, President & CFO Harry Vafias filed an initial Form 3 reporting his ownership in the company. He reports 4,281,240 shares of Common Stock held directly, plus indirect holdings of 586,020 shares through Arethusa Properties LTD and 7,105,453 shares through Flawless Management Inc.
He also holds stock options over 90,000 shares at $7.89 expiring January 15, 2036, 100,000 shares at $6.89 expiring September 16, 2034, 290,000 shares at $6.43 expiring December 8, 2033, and 100,000 shares at $6.01 expiring April 23, 2034, with vesting schedules detailed in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Vafias Harry
Role
CEO, President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 580,000 contracts (Direct);
Common Stock — 4,281,240 shares (Direct);
Common Stock — 586,020 shares (Indirect, By Arethusa Properties LTD);
Common Stock — 7,105,453 shares (Indirect, By Flawless Management Inc.)
Footnotes (6)
- F1. Shares held by Arethusa Properties LTD ("Arethusa"). The Reporting Person controls Arethusa and may be deemed to beneficially own the securities held by Arethusa by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- F2. Shares held by Flawless Management Inc. ("Flawless"). The Reporting Person controls Flawless and may be deemed to beneficially own the securities held by Flawless by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- F3. 50% of the shares subject to such option vest and become exercisable on January 15, 2027. The remaining 50% of the shares subject to such option vest and become exercisable on January 15, 2028, subject to the Reporting Person's continuous service to the Issuer on such date.
- F4. 50% of the shares subject to such option are vested and exercisable. The remaining 50% of the shares subject to such option vest and become exercisable on September 16, 2026, subject to the Reporting Person's continuous service to the Issuer on such date.
- F5. Fully vested.
- F6. 50% of the shares subject to such option are vested and exercisable. The remaining 50% of the shares subject to such option vest and become exercisable on April 23, 2026, subject to the Reporting Person's continuous service to the Issuer on such date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Harry Vafias report in his StealthGas (GASS) Form 3 filing?
Harry Vafias reports his initial ownership of StealthGas securities. He discloses direct Common Stock holdings, indirect holdings through Arethusa Properties LTD and Flawless Management Inc., and several stock option grants with specified exercise prices, expiration dates, and vesting schedules.
What indirect StealthGas (GASS) holdings are reported via Arethusa Properties LTD and Flawless Management Inc.?
The filing lists 586,020 shares of Common Stock held indirectly through Arethusa Properties LTD and 7,105,453 shares held indirectly through Flawless Management Inc. Vafias controls these entities but disclaims beneficial ownership except to the extent of any pecuniary interest.
What stock options does Harry Vafias report in the StealthGas (GASS) Form 3?
Vafias reports options over 90,000 shares at $7.89, 100,000 shares at $6.89, 290,000 shares at $6.43, and 100,000 shares at $6.01. Each option series has its own expiration date and vesting schedule described in the footnotes.
How do the vesting schedules work for Harry Vafias’s StealthGas stock options?
One option is fully vested, while others vest in 50% tranches on specified future dates. These vesting dates, such as January 15, 2027 and 2028 or April 23, 2026, require Vafias’s continuous service to StealthGas through each vesting date.
What is the purpose of this StealthGas (GASS) Form 3 for Harry Vafias?
This Form 3 serves as an initial statement of beneficial ownership for Harry Vafias as an officer and director. It establishes a baseline record of his direct and indirect Common Stock holdings and his outstanding stock options at the time of the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
