Initial Statement of Beneficial Ownership

This filing documents the initial statement of beneficial ownership for John Russell, Chief Financial Officer of Ardmore Shipping Corp. The filing details restricted stock units (RSUs) granted to Mr. Russell, with various vesting schedules. These RSUs, which have associated dividend equivalent rights, are set to vest in full on specific dates between 2027 and 2029, contingent upon his continued service to the company. The underlying security for these RSUs is the Issuer's common stock. The filing also includes a power of attorney as an exhibit.