How was the value of Ted Kalborg’s DORIAN LPG share grant calculated?

The grant value of $175,833 was divided by a blended volume weighted average price of $26.8726. This blended average price was calculated over the year ended March 31, 2026, and the resulting quotient determined the number of common shares awarded.

Director Ted Kalborg receives 6,543 Dorian LPG (NYSE: LPG) shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kalborg Ted reported acquisition or exercise transactions in this Form 4 filing.

DORIAN LPG LTD. director Ted Kalborg received a grant of 6,543 common shares as equity compensation for his service as a non-employee director and committee member. The grant value was $175,833, calculated using a blended volume weighted average price of $26.8726 for the year ended March 31, 2026. Following this award, he directly holds 81,721 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kalborg Ted

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares, $0.01 par value per share	6,543	$0.00	--

Holdings After Transaction: Common Shares, $0.01 par value per share — 81,721 shares (Direct, null)

Footnotes (1)

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Key Figures

Director share grant: 6,543 shares Grant value: $175,833 Blended VWAP: $26.8726 per share +1 more

4 metrics

Director share grant 6,543 shares Common shares granted as compensation on March 31, 2026

Grant value $175,833 Used to determine number of common shares granted

Blended VWAP $26.8726 per share Blended volume weighted average price for year ended March 31, 2026

Holdings after grant 81,721 shares Total common shares directly owned after the transaction

Key Terms

non-employee director, volume weighted average price, Form 4, common shares

4 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 $26.8726"

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

common shares financial

"the Reporting Person has been granted common shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 05:14 PM

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^*

Kalborg Ted

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares, $0.01 par value per share	03/31/2026		A		6,543⁽¹⁾	A	$0	81,721	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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) $175,833 divided by (B) a blended volume weighted average price of $26.8726 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.

	/s/ Ted Kalborg	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DORIAN LPG (LPG) director Ted Kalborg report?

Ted Kalborg reported receiving 6,543 Dorian LPG common shares as an equity grant. The award compensates him for serving as a non-employee director and on certain board committees, and increased his direct holdings to 81,721 common shares after the transaction.

Is Ted Kalborg’s DORIAN LPG Form 4 transaction a purchase or a compensation grant?

The Form 4 reports a compensation-related grant, not an open-market purchase. Transaction code A indicates an award or other acquisition, and the 6,543 common shares were granted at no cash cost per share as part of his director and committee compensation.

How many DORIAN LPG shares does Ted Kalborg hold after this Form 4?

After the reported grant, Ted Kalborg directly holds 81,721 DORIAN LPG common shares. This figure includes the 6,543-share award disclosed in the Form 4 and reflects his total direct ownership position following the transaction date of March 31, 2026.

What does the zero transaction price on Ted Kalborg’s DORIAN LPG Form 4 mean?

The zero price per share indicates these shares were granted as compensation, not bought in the market. The economic value comes from the grant amount of $175,833, which was translated into 6,543 common shares using a $26.8726 blended average price.