StealthGas (NASDAQ: GASS) director exercises stock options to acquire 15,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
StealthGas Inc. director Michael Jolliffe reported exercising stock options to acquire a total of 15,000 shares of Common Stock on 2026-06-18. He exercised options for 10,000 shares at $6.01 per share and 5,000 shares at $6.43 per share, and these options were fully vested. Following these transactions, his reported direct ownership is 67,000 Common Stock shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,000 shares exercised/converted
Mixed
4 txns
Insider
Jolliffe Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $6.43 | $32K |
| Exercise | Common Stock | 10,000 | $6.01 | $60K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 57,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised (total shares): 15,000 shares
Shares exercised at $6.01: 10,000 shares at $6.01/share
Shares exercised at $6.43: 5,000 shares at $6.43/share
+3 more
6 metrics
Options exercised (total shares)
15,000 shares
Stock option exercises on 2026-06-18
Shares exercised at $6.01
10,000 shares at $6.01/share
Common Stock acquired via option exercise
Shares exercised at $6.43
5,000 shares at $6.43/share
Common Stock acquired via option exercise
Post-transaction holdings
67,000 shares
Direct Common Stock ownership after transactions
Option exercise price 1
$6.01/share
Conversion price for 10,000-option grant
Option exercise price 2
$6.43/share
Conversion price for 5,000-option grant
Key Terms
Stock Option (Right to Buy), Exercise or conversion of derivative security, Common Stock, fully vested
4 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
fully vested financial
"footnote: Fully vested."
FAQ
What insider transaction did StealthGas (GASS) director Michael Jolliffe report?
Michael Jolliffe reported exercising stock options to acquire 15,000 StealthGas common shares. He converted existing option awards into shares, increasing his direct equity stake rather than conducting any open-market purchases or sales.
At what prices did Michael Jolliffe exercise his StealthGas (GASS) stock options?
He exercised options for 10,000 shares at $6.01 per share and 5,000 shares at $6.43 per share. These figures reflect the option exercise prices, not current market prices, and represent the cost per share under his option agreements.
Were Michael Jolliffe’s StealthGas (GASS) options fully vested before exercise?
Yes. A footnote states the options were fully vested when exercised. Full vesting means he had already earned the right to exercise these options under the terms of his compensation arrangements with the company.