DORIAN LPG director granted 6,499 shares

Tan Christina reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Tan Christina reported acquisition or exercise transactions in this Form 4 filing.

DORIAN LPG LTD. director Christina Tan received a grant of 6,499 common shares on March 31, 2026 as compensation for her service as a non-employee director and for serving on certain board committees. The grant equates to $175,000 in value, calculated using a volume weighted average price of $26.9235 for the year ended March 31, 2026. Following this award, she directly holds 103,776 common shares. This was a share grant as part of her director compensation, not an open-market purchase or sale.

Insider Trade Summary

Grant/Award: 6,499 shares

Grant/Award 1 txn

Insider Tan Christina

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares, $0.01 par value per share	6,499	$0.00	$0.00

Holdings After Transaction: Common Shares, $0.01 par value per share — 103,776 shares (Direct)

Footnotes (1)

1. F1. In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for her service on certain committees of the Issuer's Board of Directors, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $175,000 divided by (B) the volume weighted average price of $26.9235 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.

Key Figures

Shares granted: 6,499 shares Grant value: $175,000 VWAP used for grant: $26.9235 per share +1 more

4 metrics

Shares granted 6,499 shares Director equity grant on March 31, 2026

Grant value $175,000 Director compensation for board and committee service

VWAP used for grant $26.9235 per share Volume weighted average price for year ended March 31, 2026

Shares held after grant 103,776 shares Christina Tan’s direct holdings following the award

Key Terms

non-employee director, volume weighted average price, Common Shares, $0.01 par value per share

3 terms

non-employee director financial

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

volume weighted average price financial

"represents the quotient of (A) $175,000 divided by (B) the volume weighted average price of $26.9235"

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.

Common Shares, $0.01 par value per share financial

"security_title: Common Shares, $0.01 par value per share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Christina Tan report at DORIAN LPG LTD. (LPG)?

Christina Tan reported receiving 6,499 DORIAN LPG common shares as a grant. The shares were awarded as compensation for her role as a non-employee director and committee member, rather than through an open-market purchase or sale.

How was the value of Christina Tan’s DORIAN LPG (LPG) share grant determined?

The grant’s value was set at $175,000, divided by a volume weighted average price of $26.9235. That price represents the average trading level for DORIAN LPG’s shares over the year ended March 31, 2026, yielding 6,499 granted shares.

How many DORIAN LPG (LPG) shares does Christina Tan hold after this grant?

After receiving the 6,499-share grant, Christina Tan directly holds 103,776 DORIAN LPG common shares. This figure reflects her updated ownership position following the compensation award disclosed in the Form 4 insider transaction report.

Is Christina Tan’s DORIAN LPG (LPG) share grant an open-market purchase?

No, the 6,499-share transaction is a grant, not an open-market purchase. The Form 4 describes it as a compensation award for her service as a non-employee director and committee member, with no cash paid per share in the transaction.

Why did DORIAN LPG (LPG) grant shares to non-employee director Christina Tan?

DORIAN LPG granted shares to Christina Tan as part of her compensation for serving as a non-employee director and for committee work. Many companies use equity awards to align directors’ interests with shareholders and compensate them for board and committee responsibilities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 05:23 PM EDT Learn about SEC filing dates

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^*

Tan Christina

(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)
			Code	V	Amount	(A) or (D)	Price
Common Shares, $0.01 par value per share	03/31/2026		A		6,499(1)	A	$0	103,776	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for her service on certain committees of the Issuer's Board of Directors, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $175,000 divided by (B) the volume weighted average price of $26.9235 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.

	By: /s/ Christina Tan	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)