Dorian LPG grants 23,128 restricted shares to executive

Dorian LPG director and Head of Energy Transition John Lycouris received a 23,128-share Restricted Stock Award on August 5, 2026, vesting in three equal annual installments beginning that date.

Rhea-AI Filing Summary

Dorian LPG director and Head of Energy Transition John Lycouris received a 23,128-share Restricted Stock Award on August 5, 2026, vesting in three equal annual installments beginning that date. On the same date, a total of 13,792 shares were withheld at $43.05 per share to cover tax obligations tied to vesting of restricted stock granted in 2024, 2025 and 2026. In addition, 200,000 shares are held indirectly through the Kyveli Trust, with Lycouris disclaiming beneficial ownership except for his pecuniary interest.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Lycouris John

Role Head of Energy Transition

Type	Security	Shares	Price	Value
Grant/Award	Common Shares, $0.01 par value per share F1	23,128	$0.00	$0.00
Tax Withholding	Common Shares, $0.01 par value per share F2	4,634	$43.05	$199K
Tax Withholding	Common Shares, $0.01 par value per share F3	5,585	$43.05	$240K
Tax Withholding	Common Shares, $0.01 par value per share F4	3,573	$43.05	$154K
holding	Common Shares, $0.01 par value per share F5	--	--	--

Holdings After Transaction: Common Shares, $0.01 par value per share — 167,275 shares (Direct); Common Shares, $0.01 par value per share — 200,000 shares (Indirect, By Trust)

Footnotes (5)

1. F1. Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2026.
2. F2. Represents 4,634 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 10,000 shares of restricted stock granted to the Reporting Person on August 5, 2024.
3. F3. Represents 5,585 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 12,053 shares of restricted stock granted to the Reporting Person on August 5, 2025.
4. F4. In connection with the vesting of a portion of the August 2026 Restricted Stock Award (7,710 shares) on August 5, 2026, 3,573 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
5. F5. 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

Restricted stock award: 23,128 shares Tax-withholding shares (2024 grant vesting): 4,634 shares Tax-withholding shares (2025 grant vesting): 5,585 shares +3 more

6 metrics

Restricted stock award 23,128 shares August 2026 Restricted Stock Award granted August 5, 2026 to John Lycouris

Tax-withholding shares (2024 grant vesting) 4,634 shares Reacquired by issuer to satisfy tax withholding on vesting of 10,000-share grant awarded August 5, 2024

Tax-withholding shares (2025 grant vesting) 5,585 shares Reacquired by issuer to satisfy tax withholding on vesting of 12,053-share grant awarded August 5, 2025

Tax-withholding shares (2026 award vesting portion) 3,573 shares Withheld on August 5, 2026 for taxes on vesting of 7,710 shares from August 2026 Restricted Stock Award

Tax-withholding price $43.05 per share Price used for the three tax-withholding transactions on August 5, 2026

Indirect trust holdings 200,000 shares Common shares held by the Kyveli Trust for benefit of John Lycouris and family

Key Terms

Restricted Stock Award, tax withholding obligations, beneficial ownership, pecuniary interest

4 terms

Restricted Stock Award financial

"Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

tax withholding obligations financial

"shares reacquired by the Issuer to satisfy tax withholding obligations in connection"

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.

pecuniary interest financial

"except to the extent of his pecuniary interest therein"

FAQ

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

What equity award did John Lycouris receive from DORIAN LPG (LPG)?

John Lycouris received a Restricted Stock Award of 23,128 Dorian LPG common shares on August 5, 2026. According to the grant terms, these restricted shares vest ratably in three equal installments beginning August 5, 2026 and on each of the next two anniversaries.

How many LPG shares were withheld for John Lycouris’s tax obligations?

In connection with restricted stock vesting, a total of 13,792 Dorian LPG shares were withheld at $43.05 per share. This includes 4,634 shares, 5,585 shares, and 3,573 shares tied to grants originally awarded on August 5, 2024, 2025, and 2026.

What is the Kyveli Trust’s holding of DORIAN LPG (LPG) shares?

The Kyveli Trust currently holds 200,000 Dorian LPG common shares indirectly for the benefit of John Lycouris and his family. Lycouris disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in the trust’s reported holdings.

Were John Lycouris’s LPG transactions under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as adopted, and no footnote describes a trading plan. The reported entries instead reflect equity awards and related tax-withholding transactions, rather than discretionary open-market purchases or sales under a preset plan.

At what price were DORIAN LPG (LPG) shares withheld for taxes?

Each of the three tax-withholding transactions used a price of $43.05 per share for the Dorian LPG common shares. This price applied to 4,634 shares, 5,585 shares, and 3,573 shares withheld in connection with vesting of prior restricted stock grants.

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

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Available on EDGAR 08/07/2026 - 04:49 PM Accepted by SEC EDGAR 08/07/2026 - 04:48 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^*

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)
08/05/2026

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	08/05/2026		A		23,128(1)	A	$0	181,067	D
Common Shares, $0.01 par value per share	08/05/2026		F		4,634(2)	D	$43.05	176,433	D
Common Shares, $0.01 par value per share	08/05/2026		F		5,585(3)	D	$43.05	170,848	D
Common Shares, $0.01 par value per share	08/05/2026		F		3,573(4)	D	$43.05	167,275	D
Common Shares, $0.01 par value per share								200,000	I	By Trust(5)

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. Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2026.

2. Represents 4,634 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 10,000 shares of restricted stock granted to the Reporting Person on August 5, 2024.

3. Represents 5,585 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 12,053 shares of restricted stock granted to the Reporting Person on August 5, 2025.

4. In connection with the vesting of a portion of the August 2026 Restricted Stock Award (7,710 shares) on August 5, 2026, 3,573 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.

5. 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.

	/s/ John Lycouris	08/07/2026
	** 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)