Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 2)*
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StealthGas Inc. (Name of Issuer) |
Common Stock (Title of Class of Securities) |
Y81669106 (CUSIP Number) |
09/30/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | Y81669106 |
| 1 | Names of Reporting Persons
Glendon Capital Management L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,842,982.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
13.52 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IA |
Comment for Type of Reporting Person: Percentage ownership is calculated based on 35,808,017 weighted average number of shares outstanding of the Issuer's common stock as disclosed in the Issuer's Form 6-K dated as of August 29, 2025. The holdings reflected above are as of November 12, 2025.
SCHEDULE 13G
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| CUSIP No. | Y81669106 |
| 1 | Names of Reporting Persons
Brian Berman | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,842,982.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
13.52 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN, HC |
Comment for Type of Reporting Person: Percentage ownership is calculated based on 35,808,017 weighted average number of shares outstanding of the Issuer's common stock as disclosed in the Issuer's Form 6-K dated as of August 29, 2025. The holdings reflected above are as of November 12, 2025.
SCHEDULE 13G
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| CUSIP No. | Y81669106 |
| 1 | Names of Reporting Persons
Glendon Opportunities Fund, L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
4,739,902.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
13.24 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
FI |
Comment for Type of Reporting Person: Percentage ownership is calculated based on 35,808,017 weighted average number of shares outstanding of the Issuer's common stock as disclosed in the Issuer's Form 6-K dated as of August 29, 2025. The holdings reflected above are as of November 12, 2025.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
StealthGas Inc. | |
| (b) | Address of issuer's principal executive offices:
331 Kifissias Avenue, Erithrea, Greece, 14561 | |
| Item 2. | ||
| (a) | Name of person filing:
(1) Glendon Capital Management L.P. (2) Brian Berman (3) Glendon Opportunities Fund, L.P. | |
| (b) | Address or principal business office or, if none, residence:
(1)Glendon Capital Management L.P. : 2425 Olympic Blvd., Suite 500E Santa Monica, CA 90404 (2)Brian Berman: 2425 Olympic Blvd., Suite 500E Santa Monica, CA 90404 (3)Glendon Opportunities Fund, L.P.: 2425 Olympic Blvd., Suite 500E Santa Monica, CA 90404 | |
| (c) | Citizenship:
(1) Glendon Capital Management L.P.: Delaware Limited Partnership (2) Brian Berman: United States Citizen (3) Glendon Opportunities Fund, L.P.: Cayman Islands Exempted Limited Partnership | |
| (d) | Title of class of securities:
Common Stock | |
| (e) | CUSIP No.:
Y81669106 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
(1) Glendon Capital Management L.P.: 4,842,982 (2) Brian Berman: 4,842,982 (3) Glendon Opportunities Fund, L.P.: 4,739,902 The holdings reflected above are as of November 12, 2025. | |
| (b) | Percent of class:
(1) Glendon Capital Management L.P.: 13.52% (2) Brian Berman: 13.52% (3) Glendon Opportunities Fund, L.P.: 13.24% The holdings reflected above are as of November 12, 2025. %
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| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
(1) Glendon Capital Management L.P.: 0 (2) Brian Berman: 0 (3) Glendon Opportunities Fund, L.P.: 0 | ||
| (ii) Shared power to vote or to direct the vote:
(1) Glendon Capital Management L.P.: 4,842,982 (2) Brian Berman: 4,842,982 (3) Glendon Opportunities Fund, L.P.: 4,739,902 The holdings reflected above are as of November 12, 2025. | ||
| (iii) Sole power to dispose or to direct the disposition of:
(1) Glendon Capital Management L.P.: 0 (2) Brian Berman: 0 (3) Glendon Opportunities Fund, L.P.: 0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
(1) Glendon Capital Management L.P.: 4,842,982 (2) Brian Berman: 4,842,982 (3) Glendon Opportunities Fund, L.P.: 4,739,902 The holdings reflected above are as of November 12, 2025. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature: Glendon Capital Associates LLC is the general partner of the Glendon Opportunities Fund, L.P. Pursuant to an investment management agreement, Glendon Capital Associates LLC has delegated its investment management authority in respect of the Glendon Opportunities Fund, L.P. to Glendon Capital Management L.P.
Exhibit Information
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Exhibit 1 |