StealthGas CEO exercises 290K options at $6.43
StealthGas Inc.’s CEO exercised 290,000 options at $6.43 and made a 47,500-share bona fide gift, while disclosing large indirect holdings through controlled entities.
Rhea-AI Filing Summary
StealthGas Inc. (GASS) director and CEO/President/CFO Harry Vafias reported several equity movements. On September 16, 2026, he exercised stock options for 290,000 shares of Common Stock at $6.43 per share, fully using that option grant, which had been 100% vested and exercisable. The corresponding derivative position in those options is now reported as 0 options remaining. On September 18, 2026, he reported a bona fide gift transfer of 47,500 Common shares with no stated consideration. He also reports indirect holdings of Common Stock through Arethusa Properties LTD (586,020 shares) and Flawless Management Inc. (7,105,453 shares), while disclaiming beneficial ownership of those shares except to the extent of any pecuniary interest. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
290,000 shares exercised/converted
Exercise
5 txns
Insider
Vafias Harry
Role
CEO, President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 47,500 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F3 | 290,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 290,000 | $6.43 | $1.86M |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 4,818,363 shares (Direct);
Common Stock — 586,020 shares (Indirect, By Arethusa Properties LTD);
Common Stock — 7,105,453 shares (Indirect, By Flawless Management Inc.)
Footnotes (3)
- 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. 100% of the shares are vested and exercisable.
Key Figures
Options exercised: 290,000 shares
Option exercise price: $6.43 per share
Gifted shares: 47,500 shares
+4 more
7 metrics
Options exercised
290,000 shares
Stock options for Common Stock exercised on September 16, 2026
Option exercise price
$6.43 per share
Conversion or exercise price of options exercised into Common Stock
Gifted shares
47,500 shares
Bona fide gift of Common Stock on September 18, 2026
Indirect holdings via Arethusa Properties LTD
586,020 shares
Common Stock held indirectly, with beneficial ownership disclaimed except for pecuniary interest
Indirect holdings via Flawless Management Inc.
7,105,453 shares
Common Stock held indirectly, with beneficial ownership disclaimed except for pecuniary interest
Option expiration date
December 8, 2033
Expiration date of the Stock Option (Right to Buy) that was exercised
Rule 10b5-1 status
No Rule 10b5-1 plan reported
Affirmation checkbox for Rule 10b5-1 trading arrangements is not checked
Key Terms
bona fide gift, Stock Option (Right to Buy), beneficial ownership, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
bona fide gift financial
"transaction code description is "Bona fide gift" for the 47,500-share transfer"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Stock Option (Right to Buy) financial
"security title listed as "Stock Option (Right to Buy)" for derivative transaction"
beneficial ownership regulatory
"may be deemed to beneficially own the securities held by Arethusa"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 of the Securities Exchange Act of 1934 regulatory
"disclaims beneficial ownership of such securities for purposes of Section 16"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock option exercise did StealthGas (GASS) report for Harry Vafias?
Harry Vafias exercised stock options for 290,000 shares of Common Stock at $6.43 per share on September 16, 2026. The options related to this transaction are now reported with 0 options remaining and were 100% vested and exercisable at the time of exercise.
Did the StealthGas (GASS) CEO report any stock gifts in this Form 4?
Yes. On September 18, 2026, Harry Vafias reported a bona fide gift transfer of 47,500 shares of Common Stock at a stated price of $0.00 per share, reflecting a non-cash transfer of shares rather than a market sale or purchase.
Were the StealthGas (GASS) transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the reported transactions were made under a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.
What is the exercise price and expiration date of the StealthGas (GASS) options exercised?
The exercised options covered 290,000 shares of Common Stock with a conversion or exercise price of $6.43 per share. The option grant had an expiration date of December 8, 2033, and was 100% vested and exercisable at the time of exercise.
What roles does Harry Vafias hold at StealthGas (GASS) according to this filing?
According to the Form 4, Harry Vafias serves as a director and as CEO, President & CFO of StealthGas Inc., making him both a board member and a key executive officer of the company for Section 16 reporting purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
