What was the size and structure of the DORIAN LPG (LPG) share grant to Mark H. Ross?

The grant to Mark H. Ross was valued at $163,334 and translated into 6,039 common shares. The number of shares reflects that dollar amount divided by a blended volume weighted average price of $27.0425 for the year ended March 31, 2026, rounded down.

Dorian LPG (LPG) director Mark H. Ross receives 6,039-share equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Ross Mark H reported acquisition or exercise transactions in this Form 4 filing.

DORIAN LPG LTD. director Mark H. Ross received an equity grant of 6,039 common shares on March 31, 2026 as compensation for his service as a non-employee director. After this award, he directly owns a total of 8,837 common shares.

The grant value was based on $163,334 divided by a blended volume weighted average price of $27.0425 for the year ended March 31, 2026, with the resulting share amount rounded down to the nearest whole share.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ross Mark H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares, $0.01 par value per share	6,039	$0.00	--

Holdings After Transaction: Common Shares, $0.01 par value per share — 8,837 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 6,039 shares Holdings after grant: 8,837 shares Grant value: $163,334 +1 more

4 metrics

Shares granted 6,039 shares Equity award to non-employee director on March 31, 2026

Holdings after grant 8,837 shares Total common shares directly owned by Mark H. Ross after award

Grant value $163,334 Dollar value used to calculate the director share grant

Blended VWAP $27.0425 per share Blended volume weighted average price for year ended March 31, 2026

Key Terms

Grant, award, or other acquisition, volume weighted average price, non-employee director

3 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

volume weighted average price financial

"divided by (B) a blended volume weighted average price of $27.0425"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

non-employee director financial

"In connection with the Reporting Person's service as a non-employee director of the Issuer"

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 05:17 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^*

Ross Mark H

(Last)

(First)

(Middle)

C/O DORIAN LPG (USA) LLC

27 SIGNAL ROAD

(Street)

STAMFORD

CONNECTICUT

06902

(City)

(State)

(Zip)

UNITED STATES

(Country)

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	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, $0.01 par value per share	03/31/2026		A		6,039⁽¹⁾	A	$0	8,837	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. In connection with the Reporting Person's service as a non-employee director of the Issuer, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $163,334 divided by (B) a blended volume weighted average price of $27.0425 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.

	/s/ Mark H. Ross	04/28/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did DORIAN LPG (LPG) director Mark H. Ross report in this Form 4?

Mark H. Ross reported receiving 6,039 DORIAN LPG common shares as an equity grant for serving as a non-employee director. The award increased his direct holdings to 8,837 common shares, reflecting routine share-based director compensation rather than an open-market purchase or sale.

How many DORIAN LPG (LPG) shares does Mark H. Ross hold after this transaction?

After the equity grant, Mark H. Ross directly holds 8,837 DORIAN LPG common shares. This total includes the 6,039 shares granted on March 31, 2026 as non-employee director compensation, added to his prior holdings disclosed within the same Form 4 filing.

How was the DORIAN LPG (LPG) director equity award price determined?

The equity award price was determined using a blended volume weighted average price of $27.0425 per share. DORIAN LPG divided the grant value of $163,334 by this average price to calculate 6,039 shares for Mark H. Ross, rounding down to the nearest whole share.

Is the DORIAN LPG (LPG) Form 4 for Mark H. Ross a market buy or sell?

The Form 4 reflects a grant or award acquisition, not a market buy or sell. Mark H. Ross received 6,039 common shares at a price of $0.00 per share as non-employee director compensation, so no open-market transaction or sale proceeds were involved.