DORIAN LPG LTD. — Director's Dealing 2023

Aug 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DORIAN LPG LTD. (LPG)
CIK: 0001596993
Period of Report: 2023-08-05

Reporting Person: HADJIPATERAS JOHN C (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-05	Common Shares, $0.01 par value per share	A	72500	—	Acquired	1808337	Direct
2023-08-05	Common Shares, $0.01 par value per share	F	11199	$28.33	Disposed	1797138	Direct
2023-08-05	Common Shares, $0.01 par value per share	F	11199	$28.33	Disposed	1785939	Direct
2023-08-05	Common Shares, $0.01 par value per share	F	11199	$28.33	Disposed	1774740	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, $0.01 par value per share	126000	Indirect
Common Shares, $0.01 par value per share	25664	Indirect
Common Shares, $0.01 par value per share	8250	Indirect

Footnotes

F1: Restricted Stock Award (the "August 2023 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2023. Notwithstanding the foregoing, the restricted shares to be issued to the Reporting Person that are eligible to vest on August 5, 2025 shall vest subject to a vesting formula to be determined by the Compensation Committee of the Board of Directors of the Issuer.

F2: In connection with the vesting of a portion of the August 2023 Restricted Stock Award (24,167 shares) on August 5, 2023, 11,199 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.

F3: Represents 11,199 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 24,167 shares of restricted stock granted to the Reporting Person on August 5, 2022.

F4: Represents 11,199 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 24,166 shares of restricted stock granted to the Reporting Person on August 5, 2021.

F5: Shares held by the LMG Trust (the "Trust"). The Reporting Person and his wife are trustees of the Trust, and the beneficiary of the Trust is one of their children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.

F6: Owned by member of the Reporting Person's household. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.