BERGLUND MATS 4

4 · Ardmore Shipping Corp · Filed Jul 9, 2026

AI-generated summary of this filing

Updated Jul 9, 2026

Ardmore Shipping Director Mats Berglund Exercises & Sells Shares

What Happened

Mats Berglund, a director of Ardmore Shipping Corp (ASC), was granted 5,125 RSUs on 2026-06-15 (award). On 2026-06-17 he converted/exercised derivative awards, acquiring 8,474 shares and immediately disposing of 8,474 shares the same day. All transactions are reported at $0.00 per share in the Form 4 because they involve awards/derivative conversions rather than an open-market cash purchase.

Key Details

Transaction dates and types:
- 2026-06-15 — Grant/award: 5,125 RSUs (code A) @ $0.00 (acquired; derivative).
- 2026-06-17 — Exercise/conversion: 8,474 shares (code M) @ $0.00 (acquired; derivative).
- 2026-06-17 — Exercise/conversion: 8,474 shares (code M) @ $0.00 (disposed; derivative).
Filing: Report filed 2026-07-09 for transactions around 2026-06-15/06-17 (appears late vs. the usual two-business-day Form 4 filing requirement).
Shares owned after the transactions are not specified in the provided data.
Notable footnotes:
- F1: Filing includes 9,991 shares that were inadvertently omitted from the reporting person's Form 3 (filed 3/18/2026).
- F2–F4: RSUs represent rights to receive one share per RSU and include dividend equivalent rights (DERs); footnote F4 notes 319 shares payable under DERs became calculable upon vesting. F3 states the RSUs vest in full on the date shown, subject to continued service.

Context

These were derivative/award transactions (RSUs and associated DERs) and a same-day disposition of an equal number of converted shares. That pattern can reflect settlement/sale actions (for example, sell-to-cover or other transfers), but the Form 4 does not state the reason for the disposition.
Awards and exercises reported at $0 often reflect issuance/conversion rather than a cash purchase; retail investors should treat grants/exercises differently than open-market purchases when interpreting insider sentiment.

Form 4

Period: 2026-06-15

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-17+8,474→ 31,316 total
Award
Restricted Stock Units Award
[F2][F3]
2026-06-15+5,125→ 5,125 total
Exercise: $0.00From: 2027-06-15Exp: 2027-06-15→ Common Stock (5,125 underlying)
Exercise/Conversion
Restricted Stock Units Award
[F2][F4][F3]
2026-06-17−8,474→ 0 total
Exercise: $0.00From: 2026-06-17Exp: 2026-06-17→ Common Stock (8,474 underlying)

Footnotes (4)

[F1]Includes 9,991 shares of Issuer's Common Stock inadvertently omitted from the reporting person's Form 3 filed with the Securities and Exchange Commission on March 18, 2026.
[F2]Restricted Stock Units Award ("RSUs") represent a contingent right to receive one share of the Issuer's common stock per RSU. RSUs have associated dividend equivalent rights ("DERs") that vest and become payable in shares of the Issuer's common stock proportionately with the RSUs to which they relate. Upon vesting of RSUs, the number of shares issuable under the associated DERs becomes calculable, based on the quotient of the accrued dividends with respect to the vested RSUs, divided by the common stock's fair market value on such vesting date (or in the event dividends are declared, but not yet paid to stockholders as of a vesting date, on the date of payment to stockholders).
[F3]These RSUs vest in full on the date shown, subject to the reporting person's continued service to the Issuer through the vesting date.
[F4]Includes 319 shares payable under associated dividend equivalent rights that became calculable upon vesting of the RSUs.

Signature

/s/ John Russell, Attorney-in-Fact|2026-07-09

1 file