Vafias Harry 4
4 · StealthGas Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
StealthGas (GASS) CEO Harry Vafias Exercises Options, Gifts Shares
What Happened
Harry Vafias, StealthGas Inc. CEO, President & CFO and a director, exercised 100,000 vested options on April 27, 2026 at an exercise price of $6.01 per share, paying $601,000. The Form 4 shows the derivative (the option) was disposed in connection with that conversion. On April 29, 2026 he reported a gift of 99,623 shares. The filing does not explain the 377-share difference between the exercised shares and the gifted shares.
Key Details
- Transactions:
- 2026-04-27: Exercise/conversion of derivative (Code M) — 100,000 shares acquired at $6.01/share; total cost $601,000.
- 2026-04-27: Derivative disposition (Code M) — 100,000 derivative units disposed (conversion of option).
- 2026-04-29: Gift (Code G) — 99,623 shares acquired by gift (reported at $0.00).
- Shares owned after transaction: Not specified in the provided filing excerpt; see full Form 4 for total post-transaction holdings.
- Footnotes:
- F1/F2: Some shares are held by Arethusa Properties LTD and Flawless Management Inc.; Vafias controls those entities and disclaims direct beneficial ownership except to the extent of any pecuniary interest.
- F3: 100% of the options were vested and exercisable.
- Filing timeliness: Report filed 2026-04-29 for transactions on 2026-04-27 — appears to be filed within the typical Section 16 reporting window.
Context
This was a cash exercise of vested options (the option was converted into shares). The subsequent gift of nearly all exercised shares is a transfer and does not necessarily signal a buy/sell market view. The small mismatch (377 shares) between exercised and gifted shares is not explained in the excerpt (may reflect retention, withholding, or other administrative adjustments — not specified). As always, gifts are not the same as market sales and should be interpreted differently than open-market purchases or sales.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-27$6.01/sh+100,000$601,000→ 4,381,240 total - Gift
Common Stock
2026-04-29+99,623→ 4,480,863 total - Exercise/Conversion
Stock Option (Right to Buy)
[F3]2026-04-27−100,000→ 0 totalExercise: $6.01Exp: 2034-04-23→ Common Stock (100,000 underlying)
- 586,020(indirect: By Arethusa Properties LTD)
Common Stock
[F1] - 7,105,453(indirect: By Flawless Management Inc.)
Common Stock
[F2]
Footnotes (3)
- [F1]Shares held by Arethusa Properties LTD ("Arethusa"). The Reporting Person controls Arethusa and may be deemed to beneficially own the securities held by Arethusa by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F2]Shares held by Flawless Management Inc. ("Flawless"). The Reporting Person controls Flawless and may be deemed to beneficially own the securities held by Flawless by virtue of such control. The Reporting Person disclaims beneficial ownership of such securities for purposes of Section 16 of the Exchange Act, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]100% of the shares are vested and exercisable.