Jolliffe Michael 4

What Happened

• Michael Jolliffe, a director of StealthGas Inc. (GASS), reported exercising stock option derivatives on June 18, 2026. He acquired 5,000 shares at $6.43 ($32,150) and 10,000 shares at $6.01 ($60,100), totaling 15,000 shares acquired for $92,250.
• The same filing also shows derivative disposals of 5,000 shares and 10,000 shares at $0 each (15,000 disposed). The acquisitions and derivative disposals in this filing offset each other, so the report shows no net increase in shares from these entries.

Key Details

• Transaction date: 2026-06-18 (reported on Form 4 filed 2026-06-23).
• Acquisitions: 5,000 @ $6.43 = $32,150; 10,000 @ $6.01 = $60,100.
• Disposals (derivative): 5,000 @ $0.00; 10,000 @ $0.00.
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnote: F1 — Fully vested (the exercised/options were fully vested).
• Filing timing: Form 4 was filed five days after the transaction date (appears late relative to the typical 2-business-day reporting requirement).

Context

• These entries are coded "M" (exercise or conversion of derivative). That means options were exercised to convert into shares; the $0 disposals commonly reflect net-share settlement or share surrender for taxes/withholding, but the Form 4 does not specify the exact mechanism.
• Exercises are different from open-market purchases or sales: they convert existing option rights into shares and do not necessarily indicate a directional buy or sell intent.