[Form 4] DORIAN LPG LTD. Insider Trading Activity

Rhea-AI Filing Summary

Alexander C. Hadjipateras, Chief Operating Officer and director of Dorian LPG Ltd. (ticker: LPG), reported a sale of 5,000 common shares on 09/16/2025. The sale was reported under code S and executed at a price of $32.38287 per share, described in the filing as a single transaction at that price. After the transaction, the filing shows the reporting person beneficially owned 89,440 shares.

The Form 4 discloses the insider relationship (COO and director) and indicates the filing was made by one reporting person. The document is a routine Section 16 disclosure of an insider sale and provides no additional context about purpose or plans.

Positive

• Timely disclosure of the insider sale via Form 4, supporting regulatory transparency
• Clear transaction details provided: date, exact per-share price, number of shares sold, and post-transaction holdings

Negative

• Reduction in insider ownership: reporting person sold 5,000 shares, decreasing direct holdings to 89,440 shares
• No explanatory context provided for the sale (no 10b5-1 plan or stated purpose) in the filing

Insights

Corporate Governance Expert

TL;DR: Routine insider sale disclosed timely; no additional context provided, so limited governance implications.

The filing documents a standard Section 16 sale by a senior executive who also serves as a director. Timely, accurate Form 4 reporting supports regulatory compliance and transparency. Because the filing contains no explanation for the sale and no related transactions or plan statements, it does not alone indicate a governance issue or change in executive control. The reduction from prior holdings is documented but not quantified beyond the post-sale total of 89,440 shares.

Securities Analyst

TL;DR: Insider sold 5,000 shares at $32.38287; the transaction appears routine and is unlikely material to company valuation by itself.

The sale of 5,000 shares at the reported price is explicit and the filing notes the execution date. For most publicly traded companies of substantial market capitalization this size of sale by an insider is typically immaterial to overall ownership or stock supply. The filing includes clear numeric details needed by investors tracking insider activity but contains no information about any trading plan or follow-on transactions.

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^*

Hadjipateras Alexander C.

(Last) (First) (Middle)

C/O DORIAN LPG (USA) LLC

27 SIGNAL ROAD

(Street)

STAMFORD CT 06902

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DORIAN LPG LTD. [ LPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/16/2025		S		5,000	D	$32.38(1)	89,440	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 shares were sold in a single transaction at a price of $32.38287 per share.

	By: /s/ Alexander C. Hadjipateras	09/16/2025
	** 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.

FAQ

When did the Dorian LPG (LPG) insider transaction occur?

The sale occurred on 09/16/2025 as reported on the Form 4.

How many shares did Alexander C. Hadjipateras sell and at what price?

He sold 5,000 shares at a reported execution price of $32.38287 per share.

How many Dorian LPG shares did the reporting person own after the sale?

The Form 4 reports 89,440 shares beneficially owned following the transaction.

What is the reporting person's role at Dorian LPG (LPG)?

The filing lists Alexander C. Hadjipateras as Chief Operating Officer and a director of the company.

Does the Form 4 state the sale was made under a trading plan (Rule 10b5-1)?

The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1 trading plan.