Dorian LPG director granted 6,684 common shares

McAvity Thomas Malcolm reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

McAvity Thomas Malcolm reported acquisition or exercise transactions in this Form 4 filing.

DORIAN LPG LTD. director Thomas Malcolm McAvity received a grant of common shares as equity compensation for his service as a non-employee director and for serving on certain board committees. The grant totals 6,684 common shares, representing $180,000 of value based on a blended volume weighted average price of $26.9274 for the year ended March 31, 2026, rounded down to the nearest whole share. Following this award, McAvity directly holds 67,445 common shares of Dorian LPG.

Insider Trade Summary

Grant/Award: 6,684 shares

Grant/Award 1 txn

Insider McAvity Thomas Malcolm

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares, $0.01 par value per share	6,684	$0.00	$0.00

Holdings After Transaction: Common Shares, $0.01 par value per share — 67,445 shares (Direct)

Footnotes (1)

1. F1. In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for his service on certain committees of the Issuer's Board of Directors, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $180,000 divided by (B) a blended volume weighted average price of $26.9274 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.

Key Figures

Share grant size: 6,684 shares Grant value: $180,000 Blended VWAP: $26.9274 +2 more

5 metrics

Share grant size 6,684 shares Equity award to non-employee director on March 31, 2026

Grant value $180,000 Compensation for board and committee service

Blended VWAP $26.9274 Blended volume weighted average price for year ended March 31, 2026

Post-transaction holdings 67,445 shares Common shares directly owned after the grant

Reported transaction price $0.0000 per share Indicates no cash paid for awarded shares

Key Terms

non-employee director, volume weighted average price, grant, award, or other acquisition

3 terms

non-employee director financial

"In connection with the Reporting Person's service as a non-employee director of the Issuer"

volume weighted average price financial

"divided by (B) a blended volume weighted average price of $26.9274"

The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

FAQ

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

What did Dorian LPG (LPG) director Thomas Malcolm McAvity report on this Form 4?

Thomas Malcolm McAvity reported receiving a grant of 6,684 Dorian LPG common shares. These shares were awarded as compensation for his service as a non-employee director and for serving on certain board committees, increasing his direct ownership stake in the company.

How many Dorian LPG (LPG) shares were granted to director Thomas Malcolm McAvity?

He was granted 6,684 common shares of Dorian LPG. This equity grant is part of his compensation for serving on the board and certain committees, and it raised his direct holdings to a total of 67,445 common shares after the transaction.

What is the dollar value and pricing basis of Thomas Malcolm McAvity’s Dorian LPG share grant?

The grant represents $180,000 of compensation, calculated using a blended volume weighted average price of $26.9274. That VWAP reflects Dorian LPG’s share trading for the year ended March 31, 2026, with the resulting share count rounded down to the nearest whole share.

What is Thomas Malcolm McAvity’s Dorian LPG (LPG) share ownership after this Form 4 transaction?

After the grant, Thomas Malcolm McAvity directly owns 67,445 Dorian LPG common shares. This total includes the newly awarded 6,684 shares, which were granted at no cash cost to him as part of his director and committee service compensation.

Was the Dorian LPG (LPG) share grant to Thomas Malcolm McAvity an open-market purchase or compensation award?

The transaction is a compensation-related award, not an open-market purchase. It is coded as a grant or award acquisition, reflecting shares given for his non-employee director role and committee service, with a reported price per share of $0.0000 on the Form 4.

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

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Accepted by SEC EDGAR 04/28/2026 - 05:15 PM EDT 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^*

McAvity Thomas Malcolm

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		A		6,684(1)	A	$0	67,445	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. In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for his service on certain committees of the Issuer's Board of Directors, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $180,000 divided by (B) a blended volume weighted average price of $26.9274 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.

	/s/ Thomas Malcolm McAvity	04/28/2026
	** 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)