[Form 4] DORIAN LPG LTD Insider Trading Activity

Rhea-AI Filing Summary

Alexander C. Hadjipateras, Chief Operating Officer and director of Dorian LPG Ltd. (LPG), reported a sale of company common shares. On 08/27/2025 he sold 5,000 shares at $31.96 per share in a single transaction, and following that sale he beneficially owned 94,440 shares. The Form 4 was signed on 08/29/2025.

The filing shows a routine, disclosed sale by an officer who retains a meaningful stake after the transaction. No options, derivatives, or other transactions were reported in this filing.

Positive

• Reporting was timely and complete, including transaction date, price, and post-transaction ownership.
• Reporting person retains a substantial stake after the sale (94,440 shares), indicating continued ownership interest.

Negative

• Officer executed a sale of 5,000 shares, which is a disclosed reduction in insider holdings.

Insights

Securities Analyst

TL;DR: Officer sold a small block of shares but remains a significant holder, suggesting liquidity needs rather than loss of confidence.

The report documents a single open-market sale of 5,000 common shares at $31.96, leaving the reporting person with 94,440 shares. For most investors, this size of sale appears routine and nondisruptive given the retained stake. There is no evidence in the filing of accelerated sales, derivative use, or a 10b5-1 plan. The transaction date and price are explicitly disclosed, supporting standard Section 16 transparency.

Corporate Governance Expert

TL;DR: Disclosure is complete and timely; the officer continues to hold a material equity position after the sale.

The Form 4 includes the required details: transaction date (08/27/2025), transaction code (S for sale), number sold (5,000), sale price ($31.96), and post-transaction beneficial ownership (94,440 shares). The filing is signed and dated. There are no indications of related-party transactions or changes to governance roles. This is a routine insider disposition with proper Section 16 reporting.

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

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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)
08/27/2025

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	08/27/2025		S		5,000	D	$31.96(1)	94,440	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 $31.96 per share.

	By: /s/ Alexander C. Hadjipateras	08/29/2025
	** 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

What transaction did the DORIAN LPG LTD (LPG) Form 4 report?

The Form 4 reports a sale of 5,000 common shares by Alexander C. Hadjipateras on 08/27/2025 at $31.96 per share.

How many shares does the reporting person own after the transaction?

Post-transaction beneficial ownership is 94,440 shares as stated on the Form 4.

What is the reporting person’s role at LPG?

Alexander C. Hadjipateras is listed as Chief Operating Officer and a director of Dorian LPG Ltd.

Was a derivative or options transaction reported on this Form 4?

No derivatives or option transactions were reported in Table II of this filing.

When was the Form 4 signed?

The Form 4 was signed on 08/29/2025 by the reporting person.