Vafias Group Amends StealthGas Stake

TL;DR

Vafias group filed another update on their StealthGas holdings. No big changes detailed yet.

AI Summary

Harry N. Vafias, through Flawless Management Inc. and Arethusa Properties Ltd, has amended their Schedule 13D filing for StealthGas Inc. on September 19, 2024. This amendment, the sixth for the filing, indicates a change in their beneficial ownership of StealthGas Inc. common stock. The filing does not specify the exact percentage change or dollar amount involved in this amendment.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in control or significant investment activity by major shareholders, potentially impacting the stock's future performance.

Risk Assessment

Risk Level: medium — Amendments to 13D filings can indicate significant changes in a major shareholder's position, which could lead to volatility.

Key Players & Entities

• Harry N. Vafias (person) — Filing person and authorized contact
• StealthGas Inc. (company) — Subject company
• Flawless Management Inc. (company) — Filing entity
• Arethusa Properties Ltd (company) — Filing entity
• Goodwin Procter LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $356,250 — tock for an aggregate exercise price of $356,250. On April 23, 2024, Mr. Vafias acquir
• $6 — at an exercise price per share equal to $6.01, the closing price of the Common Sto

Filing Documents

• d885058dsc13da.htm (SC 13D/A) — 62KB
• d885058dex991.htm (EX-99.1) — 6KB
• 0001193125-24-221771.txt ( ) — 70KB

is hereby amended to add the following

Item 5 is hereby amended to add the following: (a) See Items 11 and 13 on the cover pages to this Amendment No. 6 for the aggregate number and percentage of the class of Common Stock owned by each Reporting Person. (b) Number of shares as to which each Reporting Person has: i. Sole power to vote or to direct the vote: See Item 7 on cover pages to this Statement. ii. Shared power to vote or to direct the vote: See Item 8 on cover pages to this Statement. iii. Sole power to dispose or direct the disposition: See Item 9 on cover pages to this Statement. iv. Shared power to dispose or direct the disposition: See Item 10 on cover pages to this Statement. (c) No transactions in the Companys Common Stock by the Reporting Persons were effected in the past 60 days. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock beneficially owned by the Reporting Persons. (e) Not applicable. Item7. Material to be Filed as Exhibits Exhibit 1: Joint Filing Agreement, dated September 19, 2024, among Flawless Management Inc., Arethusa Properties LTD and Harry N. Vafias. [The remainder of this page intentionally left blank] SIGNATURE After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 19, 2024 FLAWLESS MANAGEMENT INC. By: /s/ Harry N. Vafias Harry N. Vafias President ARETHUSA PROPERTIES LTD By: /s/ Harry N. Vafias Harry N. Vafias President /s/ Harry N. Vafias Harry N. Vafias EXHIBIT INDEX The following is filed as an Exhibit to this Schedule 13D: Exhibit 1: Joint Filing Agreement, dated September 19, 2024, between Flawless Management Inc., Arethusa Properties LTD and Harry N. Vafias.

View Full Filing

View this SC 13D/A filing on SEC EDGAR