Tikka Kirsi 4

What Happened
Tikka Kirsi, a director of Ardmore Shipping Corp (ASC), had restricted stock units (RSUs) vest and reported related derivative conversions. The Form 4 shows a grant/award of 4,841 RSUs on 2026-06-15 (acquired at $0.00). On 2026-06-17 Kirsi recorded an exercise/conversion of derivatives for 8,474 shares (acquired at $0.00) and a same-day disposition of the same 8,474 shares (disposed at $0.00). All entries list a $0.00 per-share price on the filing; total cash amounts are shown as $0 on the Form 4.

Key Details

• Transaction dates: 2026-06-15 (RSU award/vesting) and 2026-06-17 (exercise/conversion and disposition).
• Report filed: 2026-07-07 (filed ~20+ days after the transactions; appears later than the typical 2-business-day Form 4 deadline).
• Transaction codes: A = award/grant (4,841 RSUs); M = exercise/conversion (8,474 shares acquired and 8,474 shares disposed).
• Prices/values reported: $0.00 per share for all transactions (Form 4 shows $0 total).
• Footnotes: F1–F3 explain these are RSUs with dividend-equivalent rights (DERs); F2 says the RSUs vested in full on the date shown; F3 notes 319 shares were payable under DERs that became calculable on vesting.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context
RSUs are a compensation award that convert to common shares on vesting; associated DERs can increase the number of shares payable (per the footnotes). The filing shows an exercise/conversion and a same-day disposal of the exercised shares — a pattern commonly seen when shares are converted and immediately sold or net-settled, but the filing does not state the reason. Awards and vesting are routine director compensation and do not, by themselves, indicate a personal bullish or bearish view.