Harry Vafias, CEO, President, and CFO of StealthGas Inc. (NASDAQ:GASS), filed a Form 4 on September 18, 2026, reporting two transactions in the company's common stock dated September 16 and September 18, 2026.

Key Highlights

  • Stock option exercise: Vafias acquired 290,000 shares of common stock on September 16, 2026, via a transaction coded "M" (exercise of a stock option) at a price of $6.43 per share.
  • Gift transaction: On September 18, 2026, Vafias acquired 47,500 shares coded "G" (gift) at a price of $0.00.
  • Direct ownership following transactions: Vafias directly holds 4,818,363 shares of common stock after both reported transactions.
  • Indirect holdings: An additional 586,020 shares are held indirectly through Arethusa Properties LTD, and 7,105,453 shares through Flawless Management Inc., both entities the reporting person states he controls.
  • Option fully vested: The filing states that 100% of the 290,000 shares underlying the exercised stock option were vested and exercisable, with an expiration date of December 8, 2033.
  • Beneficial ownership disclaimer: Vafias disclaims beneficial ownership of shares held by Arethusa Properties LTD and Flawless Management Inc. for Section 16 purposes, except to the extent of his pecuniary interest.

StealthGas Insider Transactions: Option Exercise and Gift Reported by Top Executive

According to the filing, Harry Vafias, who serves as Director, CEO, President, and CFO of StealthGas Inc., reported two changes in his beneficial ownership of the company's common stock. On September 16, 2026, he acquired 290,000 shares through the exercise of a stock option at a conversion price of $6.43 per share, bringing his direct holdings to 4,770,863 shares following that transaction. The underlying stock option carried an expiration date of December 8, 2033, and the filing notes that 100% of the shares were vested and exercisable at the time of exercise.

A second transaction, dated September 18, 2026, recorded an acquisition of 47,500 shares coded as a gift, at a price of $0.00. After this transaction, Vafias's direct beneficial ownership stood at 4,818,363 shares, according to the filing.

In addition to his direct holdings, the filing discloses two sets of indirectly held shares. Arethusa Properties LTD holds 586,020 shares, and Flawless Management Inc. holds 7,105,453 shares. The filing states that Vafias controls both entities and "may be deemed to beneficially own the securities held" by each. However, the filing also states that he "disclaims beneficial ownership of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein, if any," and that "this report shall not be deemed an admission" of beneficial ownership for any purpose.

What Was Disclosed

The Form 4 filed by Harry Vafias on September 18, 2026, discloses a stock option exercise of 290,000 shares at $6.43 and a gift acquisition of 47,500 shares at $0.00, resulting in direct ownership of 4,818,363 shares, plus indirect holdings through two controlled entities.