Dorian LPG (NYSE: LPG) CCO trims stake with 35,000-share sale

Rhea-AI Filing Summary

DORIAN LPG LTD. Chief Commercial Officer Tim Truels Hansen reported an open-market sale of 35,000 common shares at $35.19 per share. After this transaction, he continues to hold 177,842 common shares, which the footnotes state include 32,317 unvested shares underlying restricted stock units.

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

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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^*

Hansen Tim Truels

(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 Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		S		35,000	D	$35.19(1)	177,842(2)	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 $35.19.

2. Includes 32,317 unvested shares underlying restricted stock units.

	By: /s/ Tim Truels Hansen	02/19/2026
	** 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).
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FAQ

What insider transaction did DORIAN LPG (LPG) report for Tim Truels Hansen?

DORIAN LPG reported that Chief Commercial Officer Tim Truels Hansen sold 35,000 common shares in an open-market transaction. The sale was executed at a price of $35.19 per share, as disclosed in a Form 4 insider trading report.

At what price did the DORIAN LPG (LPG) CCO sell his shares?

The Chief Commercial Officer sold his 35,000 DORIAN LPG common shares at $35.19 per share in a single transaction. This price is specified in the filing footnotes, indicating one consolidated open-market sale rather than multiple trades at varying prices.

How many DORIAN LPG (LPG) shares does the CCO hold after the sale?

Following the 35,000-share sale, the Chief Commercial Officer directly holds 177,842 DORIAN LPG common shares. According to the footnotes, this total includes 32,317 unvested shares underlying restricted stock units that remain subject to vesting conditions.

Does the DORIAN LPG (LPG) filing mention restricted stock units for the CCO?

Yes. The Form 4 states that the Chief Commercial Officer’s post-transaction holdings of 177,842 shares include 32,317 unvested shares underlying restricted stock units. These RSUs are part of his equity-based compensation and have not yet fully vested.

Was the DORIAN LPG (LPG) insider sale an open-market transaction?

The filing characterizes the 35,000-share transaction as an open-market sale. The transaction code “S” and description confirm it was a sale in the open market or a private transaction, with the reported execution price of $35.19 per share.