[Form 4] DORIAN LPG LTD. Insider Trading Activity

Rhea-AI Filing Summary

Dorian LPG Ltd. (LPG)$0, coded as a gift transaction. Following this, he beneficially owns 1,837,238 common shares directly and 138,500 common shares indirectly through his spouse.

An additional 30,664 common shares are held by the LMG Trust, for which the reporting person and his wife serve as trustees and one of their children is the beneficiary. He disclaims beneficial ownership of the trust’s shares except to the extent of his pecuniary interest, meaning those securities are reported for transparency but not fully attributed to him economically.

11/18/2025 - 09:09 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HADJIPATERAS JOHN C

(Last) (First) (Middle)

C/O DORIAN LPG (USA) LLC

27 SIGNAL ROAD

(Street)

STAMFORD CT 06902

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DORIAN LPG LTD. [ LPG ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares, $0.01 par value per share	11/14/2025		G(1)		19,600	D	$0	1,837,238	D
Common Shares, $0.01 par value per share								138,500	I	By Spouse
Common Shares, $0.01 par value per share								30,664	I	By Trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Shares were gifted by the Reporting Person on November 14, 2025.

2. Shares held by the LMG Trust (the "Trust"). The Reporting Person and his wife are trustees of the Trust, and the beneficiary of the Trust is one of their children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.

	By: /s/ John C. Hadjipateras	11/18/2025
	** 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 4 (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 insider transaction did Dorian LPG (LPG) report in this Form 4?

The filing reports that the President and CEO of Dorian LPG Ltd. gifted 19,600 common shares of the company on 11/14/2025 at a stated price of $0.

How many Dorian LPG (LPG) shares does the insider own after the gift?

After the reported gift, the insider beneficially owns 1,837,238 common shares directly and 138,500 common shares indirectly through his spouse.

What is the role of the reporting person at Dorian LPG (LPG)?

The reporting person is a Director, a 10% Owner, and serves as President and CEO of Dorian LPG Ltd.

How many Dorian LPG (LPG) shares are held in the LMG Trust?

The LMG Trust holds 30,664 common shares of Dorian LPG Ltd., with the reporting person and his wife as trustees and one of their children as beneficiary.

Does the insider claim full beneficial ownership of the LMG Trust shares in Dorian LPG (LPG)?

No. The insider disclaims beneficial ownership of the LMG Trust shares except to the extent of his pecuniary interest, even though the shares are reported.

What does the transaction code G mean in this Dorian LPG (LPG) Form 4?

Transaction code G indicates a gift of securities, which in this case is the gift of 19,600 Dorian LPG common shares on 11/14/2025.