Dorian LPG director sells 15,373 shares

DORIAN LPG LTD. director Ted Kalborg reported an open-market sale of common shares.

Rhea-AI Filing Summary

DORIAN LPG LTD. director Ted Kalborg reported an open-market sale of common shares. On May 22, 2026, he sold 15,373 common shares of Dorian LPG at a price of $45.0639 per share in a single transaction. Following this sale, he directly holds 66,348 common shares, so he retains a substantial equity position in the company.

Insights

Equity governance analyst

Director executes notable but partial open-market share sale.

Director Ted Kalborg sold 15,373 common shares of DORIAN LPG LTD. in an open-market transaction at $45.0639 per share. This represents an active decision to reduce his direct exposure at current trading levels.

After the sale, he still directly owns 66,348 shares, indicating he maintains meaningful alignment with other shareholders. The filing shows no derivative positions, so his exposure is entirely through common equity. The transaction is a straightforward open-market sale without disclosed trading-plan context.

Insider Trade Summary

Net Seller: 15,373 shares

Net Sell 1 txn

Insider Kalborg Ted

Role Director

Sold 15,373 shs ($693K)

Type	Security	Shares	Price	Value
Sale	Common Shares, $0.01 par value per share	15,373	$45.06	$693K

Holdings After Transaction: Common Shares, $0.01 par value per share — 66,348 shares (Direct)

Footnotes (1)

1. F1. These common shares were sold in a single transaction at a price of $45.0639 per share.

Key Figures

Shares sold: 15,373 shares Sale price: $45.0639 per share Shares held after sale: 66,348 shares +2 more

5 metrics

Shares sold 15,373 shares Open-market sale on May 22, 2026

Sale price $45.0639 per share Single transaction price for common shares

Shares held after sale 66,348 shares Direct ownership following transaction

Transaction code S Sale in open market or private transaction

Security type Common shares, $0.01 par value Non-derivative equity security

Key Terms

open-market sale, Common Shares, $0.01 par value per share, Sale in open market or private transaction, Form 4

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Shares, $0.01 par value per share financial

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

Sale in open market or private transaction financial

"transaction_code_description": "Sale in open market or private transaction""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transaction did DORIAN LPG (LPG) director Ted Kalborg report?

Director Ted Kalborg reported an open-market sale of 15,373 DORIAN LPG common shares. The sale occurred on May 22, 2026, and involved regular common shares with a par value of $0.01 per share, as disclosed in the Form 4 filing.

At what price did Ted Kalborg sell DORIAN LPG (LPG) shares?

Ted Kalborg sold his DORIAN LPG common shares at $45.0639 per share in a single transaction. This per-share price is specified in the Form 4 footnote, which clarifies execution details for the May 22, 2026 open-market sale.

How many DORIAN LPG (LPG) shares does Ted Kalborg hold after the sale?

Following the reported sale, Ted Kalborg directly holds 66,348 DORIAN LPG common shares. This post-transaction holding figure is disclosed in the Form 4 and shows he retains a substantial continuing ownership stake in the company after the disposition.

Was the DORIAN LPG (LPG) insider trade an open-market sale or another type?

The transaction was an open-market sale of common shares by director Ted Kalborg. The Form 4 identifies the code as “S” with the description “Sale in open market or private transaction,” and the narrative characterizes it specifically as an open-market sale.

Did the DORIAN LPG (LPG) Form 4 show any derivative securities for Ted Kalborg?

The Form 4 does not list any derivative transactions or remaining derivative positions for Ted Kalborg. The derivative section is empty, indicating his reported holdings and activity in this filing relate solely to non-derivative common shares.

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Accepted by SEC EDGAR 05/26/2026 - 05:40 PM 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^*

Kalborg Ted

(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)
05/22/2026

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	05/22/2026		S		15,373	D	$45.06(1)	66,348	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. These common shares were sold in a single transaction at a price of $45.0639 per share.

	/s/ Ted Kalborg	05/26/2026
	** 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)