Dorian LPG (NYSE: LPG) director reports 10,000-share stock sale

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 ($355,040)

Net Sell 3 txns

Insider Lycouris John

Role Head of Energy Transition

Sold 10,000 shs ($355K)

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)

Footnotes (1)

1. These common shares were sold in a single transaction at a price of $35.00 per share. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Lycouris John

(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
X	Officer (give title below)		Other (specify below)
	Head of Energy Transition

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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	04/08/2026		S		3,000	D	$35(1)	164,939	D
Common Shares, $0.01 par value per share	04/09/2026		S		7,000	D	$35.72(2)	157,939	D
Common Shares, $0.01 par value per share								200,000	I	By Trust(3)

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 $35.00 per share.

2. 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.

3. 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.

	By: /s/ John Lycouris	04/09/2026
	** 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)

FAQ

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.

At what prices did John Lycouris sell DORIAN LPG (LPG) shares?

He sold 3,000 DORIAN LPG common shares at $35.00 per share and 7,000 shares at an average price of about $35.72. The larger trade occurred in multiple transactions between $35.65 and $35.79 per share, according to the filing footnotes.

How many DORIAN LPG (LPG) shares does John Lycouris own after the sale?

After the reported sales, John Lycouris directly owns 157,939 DORIAN LPG common shares. The filing also notes 200,000 additional shares held indirectly by the Kyveli Trust, where he disclaims beneficial ownership except for his pecuniary interest.

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.