Dorian LPG director sells 10,000 company shares
DORIAN LPG LTD. director and Head of Energy Transition John Lycouris reported open-market sales of 10,000 common shares.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
DORIAN LPG LTD. director and Head of Energy Transition John Lycouris reported open-market sales of 10,000 common shares. He sold 3,000 shares at $35.00 per share and 7,000 shares at an average price of about $35.72 per share.
After these transactions, he directly owns 157,939 common shares. An additional 200,000 common shares are held indirectly by the Kyveli Trust, where he and his family are beneficiaries, and he disclaims beneficial ownership except for his pecuniary interest.
Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
2 txns
Insider
Lycouris John
Role
Head of Energy Transition
Sold
10,000 shs ($355K)
Share of Position Sold
6.0%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares, $0.01 par value per share | 7,000 | $35.72 | $250K |
| Sale | Common Shares, $0.01 par value per share | 3,000 | $35.00 | $105K |
| Holding | Common Shares, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common Shares, $0.01 par value per share — 157,939 shares (Direct);
Common Shares, $0.01 par value per share — 200,000 shares (Indirect, By Trust)
Holdings Before and After:
Common Shares, $0.01 par value per share, 167,939 to 157,939 shares (Direct)
Footnotes (3)
- F1. These common shares were sold in a single transaction at a price of $35.00 per share.
- F2. The price recorded in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $35.65 and $35.79. The Reporting Person undertakes to provide Dorian LPG Ltd., any security holder of Dorian LPG Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each price within the range set forth herein.
- F3. Shares held by the Kyveli Trust (the "Trust"). The Reporting Person and other members of his family are the beneficiaries of the Trust. The Reporting Person disclaims all beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Shares sold: 10,000 shares
Sale price 1: $35.00 per share
Average sale price 2: $35.72 per share
+2 more
5 metrics
Shares sold
10,000 shares
Total common shares sold in open-market transactions
Sale price 1
$35.00 per share
Price for 3,000 shares sold in a single transaction
Average sale price 2
$35.72 per share
Average price for 7,000 shares sold in multiple trades
Direct holdings after sale
157,939 shares
Direct DORIAN LPG common shares owned after transactions
Indirect trust holdings
200,000 shares
Common shares held by the Kyveli Trust for family beneficiaries
Key Terms
open-market sale, Kyveli Trust, pecuniary interest, beneficial ownership
4 terms
open-market sale financial
"transaction_action: "open-market sale" for common share transactions"
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.
Kyveli Trust financial
"Shares held by the Kyveli Trust (the "Trust")."
pecuniary interest financial
"disclaims all beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"The Reporting Person disclaims all beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DORIAN LPG (LPG) report for John Lycouris?
DORIAN LPG reported that director John Lycouris sold 10,000 common shares in open-market transactions. The sales occurred on two dates, reflecting routine portfolio activity rather than a change in control or role at the company.
What is the Kyveli Trust mentioned in the DORIAN LPG (LPG) Form 4?
The Kyveli Trust holds 200,000 DORIAN LPG common shares. John Lycouris and his family are beneficiaries, but he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, meaning his economic stake in the trust’s holdings.
What role does John Lycouris hold at DORIAN LPG (LPG)?
John Lycouris is a director and serves as Head of Energy Transition at DORIAN LPG. His Form 4 filing reflects personal share transactions and holdings, separate from his management responsibilities within the company’s leadership team.
AI-generated analysis. How Rhea-AI works. Not financial advice.
