Dynagas LNG (DLNG) director lists 15.6M common and GP units
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Dynagas LNG Partners LP director Prokopiou Georgios filed an initial ownership report showing only indirect holdings. The filing lists 15,595,000 Common Units held by Dynagas Holding Ltd. and 35,526 General Partner Units held by Dynagas GP LLC, which is wholly owned by Dynagas Holding Ltd.
He owns a 50.4% interest in Dynagas Holding Ltd. and may be deemed a beneficial owner of these interests, but expressly disclaims beneficial ownership beyond his pecuniary interest and states that their inclusion does not admit beneficial ownership for Section 16 or other purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Prokopiou Georgios
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Units | -- | -- | -- |
| holding | General Partner Units | -- | -- | -- |
Holdings After Transaction:
Common Units — 15,595,000 shares (Indirect, See footnote);
General Partner Units — 35,526 shares (Indirect, See footnote)
Footnotes (1)
- These Common Units are held by Dynagas Holding Ltd. The Reporting Person beneficially owns a 50.4% interest in Dynagas Holding Ltd., and as a result, may be deemed to be a beneficial owner of these Common Units. The Reporting Person disclaims beneficial ownership of these Common Units except to the extent of his pecuniary interest therein, and the inclusion of these Common Units in this report shall not be deemed an admission of the beneficial ownership of such Common Units for purposes of Section 16 or for any other purpose. These General Partner Units are held by Dynagas GP LLC (the "General Partner"), which is the general partner of Dynagas LNG Partners LP. The General Partner is wholly owned by Dynagas Holding Ltd. The Reporting Person beneficially owns a 50.4% interest in Dynagas Holding Ltd., and as a result, may be deemed to be a beneficial owner of these General Partner Units. The Reporting Person disclaims beneficial ownership of these General Partner Units except to the extent of his pecuniary interest therein, and the inclusion of these General Partner Units in this report shall not be deemed an admission of the beneficial ownership of such General Partner Units for purposes of Section 16 or for any other purpose.
Key Figures
Indirect Common Units: 15,595,000 units
Indirect GP Units: 35,526 units
Interest in Dynagas Holding Ltd.: 50.4%
3 metrics
Indirect Common Units
15,595,000 units
Common Units held by Dynagas Holding Ltd.
Indirect GP Units
35,526 units
General Partner Units held by Dynagas GP LLC
Interest in Dynagas Holding Ltd.
50.4%
Prokopiou Georgios’s interest in Dynagas Holding Ltd.
Key Terms
Common Units, General Partner Units, beneficial owner, pecuniary interest, +1 more
5 terms
Common Units financial
"These Common Units are held by Dynagas Holding Ltd."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
General Partner Units financial
"These General Partner Units are held by Dynagas GP LLC"
beneficial owner financial
"may be deemed to be a beneficial owner of these Common Units"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"disclaims beneficial ownership of these Common Units except to the extent of his pecuniary interest"
Section 16 regulatory
"shall not be deemed an admission of the beneficial ownership ... for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What does the Dynagas LNG (DLNG) Form 3 filing by Prokopiou Georgios show?
The Form 3 shows initial indirect ownership of Dynagas LNG Partners LP units. It reports 15,595,000 Common Units via Dynagas Holding Ltd. and 35,526 General Partner Units via Dynagas GP LLC, with detailed disclaimers about the director’s beneficial ownership extent.
How many Dynagas LNG (DLNG) Common Units are indirectly linked to Prokopiou Georgios?
The filing reports 15,595,000 Common Units held by Dynagas Holding Ltd. These units are indirectly linked to Prokopiou Georgios through his 50.4% interest in Dynagas Holding Ltd., subject to his disclaimer of beneficial ownership beyond his pecuniary interest.
What General Partner Units of Dynagas LNG (DLNG) are reported in this Form 3?
The Form 3 reports 35,526 General Partner Units held by Dynagas GP LLC, the general partner of Dynagas LNG Partners LP. Dynagas GP LLC is wholly owned by Dynagas Holding Ltd., in which Prokopiou Georgios holds a 50.4% interest, subject to his beneficial ownership disclaimer.
What beneficial ownership disclaimer does Prokopiou Georgios make in the Dynagas LNG (DLNG) Form 3?
He states he disclaims beneficial ownership of the reported Common Units and General Partner Units except to the extent of his pecuniary interest. He also notes their inclusion should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.