Was the Marit Lunde Form 4 transaction a share purchase or a compensation grant for LPG?

The Form 4 shows a compensation-related grant , not a market purchase. Code “A” indicates a grant or award acquisition, with 6,499 common shares issued at $0.00 per share in connection with Lunde’s role as a non-employee director and committee member.

How was the 6,499-share grant to DORIAN LPG (LPG) director Marit Lunde calculated?

The grant represents $175,000 of compensation , divided by a volume weighted average price of $26.9235 for the year ended March 31, 2026. The resulting quotient was rounded down to the nearest whole common share, yielding 6,499 shares .

Dorian LPG (LPG) director Marit Lunde receives 6,499-share equity grant

Q: What did DORIAN LPG (LPG) director Marit Lunde report in this Form 4?

Director Marit Lunde reported receiving a grant of 6,499 DORIAN LPG common shares on March 31, 2026. These shares were awarded as compensation for her service on the board and its committees, and increased her direct holdings to 18,603 common shares .

Q: How many DORIAN LPG (LPG) shares does Marit Lunde hold after this Form 4 transaction?

After the reported grant, Marit Lunde directly holds 18,603 DORIAN LPG common shares . This figure includes the newly awarded 6,499-share grant and reflects her total direct ownership position following the March 31, 2026 compensation transaction.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Lunde Marit reported acquisition or exercise transactions in this Form 4 filing.

DORIAN LPG LTD. director Marit Lunde received a grant of common shares as part of her compensation for serving as a non-employee director and committee member. She was awarded 6,499 common shares at a price of $0.00 per share and now directly holds 18,603 common shares.

The grant size reflects $175,000 of compensation, calculated by dividing that amount by a volume weighted average price of $26.9235 for the year ended March 31, 2026, and rounding down to the nearest whole share.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lunde Marit

Role null

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

Holdings After Transaction: Common Shares, $0.01 par value per share — 18,603 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 6,499 shares Post-transaction holdings: 18,603 shares Equity compensation value: $175,000 +2 more

5 metrics

Shares granted 6,499 shares Common shares granted on March 31, 2026

Post-transaction holdings 18,603 shares Total common shares held directly after grant

Equity compensation value $175,000 Director compensation basis for share grant

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

Grant price per share $0.00 Reported transaction price per granted common share

Key Terms

non-employee director, volume weighted average price, grant, award, or other acquisition, common shares, $0.01 par value per share

4 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.

grant, award, or other acquisition financial

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

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 05:18 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^*

Lunde Marit

(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		6,499⁽¹⁾	A	$0	18,603	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, 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.

	/s/ Marit Lunde	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 Marit Lunde report in this Form 4?

Director Marit Lunde reported receiving a grant of 6,499 DORIAN LPG common shares on March 31, 2026. These shares were awarded as compensation for her service on the board and its committees, and increased her direct holdings to 18,603 common shares.

How many DORIAN LPG (LPG) shares does Marit Lunde hold after this Form 4 transaction?

After the reported grant, Marit Lunde directly holds 18,603 DORIAN LPG common shares. This figure includes the newly awarded 6,499-share grant and reflects her total direct ownership position following the March 31, 2026 compensation transaction.

Does the Marit Lunde Form 4 for LPG involve any stock options or derivatives?

No derivative securities are shown in this Form 4. The filing reports only a non-derivative grant of 6,499 common shares at $0.00 per share, with no associated options, warrants, or other derivative positions listed in the derivativeSummary section.