Kalborg Ted 4

What Happened
Ted Kalborg, a non-employee director of Dorian LPG Ltd. (LPG), was granted 6,543 common shares on March 31, 2026 as compensation for board and committee service. The Form 4 reports the shares as acquired at $0.00 per share (award), with an aggregate grant value of about $175,833 based on the issuer's calculation.

Key Details

• Transaction date and type: 2026-03-31 — Award/grant (code A). Reported acquisition price: $0.00 per share.
• Shares granted: 6,543 common shares. Aggregate stated value used by issuer: $175,833.
• How value was calculated: issuer divided $175,833 by a blended VWAP of $26.8726 for the year ended 3/31/2026 and rounded down to the nearest whole share.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Filing timing: Form 4 was filed 2026-04-28 for a 2026-03-31 grant (filed ~28 days after the transaction), which is beyond the standard two-business-day Form 4 reporting window.

Context
This was a routine director compensation award, not an open-market purchase or sale. Such grants are common as part of non-employee director pay and do not by themselves indicate the insider is buying or selling shares for investment purposes. The filing shows no option exercise, sale, tax withholding, or 10b5-1 plan related to this transaction.