Nordic American Tankers Ltd (NYSE: NAT) – Vice Chairman Alexander Hansson buys more NAT shares, bringing the Hansson family holding above 10 million shares

Rhea-AI Summary

Nordic American Tankers (NYSE: NAT) announced that Non-Executive Vice Chairman and Board member Alexander Hansson has purchased 100,000 shares at $3.27 per share, increasing his personal holdings to 5,150,000 shares.

Following this insider purchase, the Hansson family's total ownership has exceeded 10.1 million shares, establishing them as the largest private shareholder group in the company. This significant insider buying demonstrates strong confidence in NAT's future prospects from its leadership team.

Positive

• Insider buying of 100,000 shares demonstrates management confidence
• Hansson family increased position to become largest private shareholder group with 10.1M shares
• Vice Chairman Alexander Hansson holds significant stake with 5.15M shares

Negative

• None.

Insights

Financial Analyst

Insider buying by NAT's Vice Chairman signals strong management confidence, with Hansson family now holding over 10M shares.

Vice Chairman Alexander Hansson's purchase of 100,000 shares at $3.27 per share represents a significant insider transaction that deserves investor attention. This purchase brings his personal holdings to 5,150,000 shares and elevates the Hansson family's total position to 10,100,000 shares, establishing them as NAT's largest private shareholder group.

Insider buying of this magnitude generally signals strong confidence in a company's prospects from those with intimate knowledge of its operations and outlook. The timing is particularly noteworthy as it represents a $327,000 personal investment by a board member who already has substantial skin in the game.

The transaction reinforces alignment between management and shareholder interests - a positive governance indicator for Nordic American Tankers. For context, this purchase increases Alexander Hansson's already substantial position by approximately 2%, while strengthening the Hansson family's overall influence within the company's ownership structure.

The willingness of the Vice Chairman to increase his exposure suggests potential confidence in NAT's strategic direction, current valuation, or possibly upcoming catalysts in the tanker market. For investors monitoring insider activity as a sentiment indicator, this transaction represents a clearly positive signal from leadership regarding their outlook on the company's value proposition.

 

Monday, September 22, 2025

 

Dear Shareholders and Investors,

Non-Executive Vice Chairman and Board member of NAT, Alexander Hansson, has today bought 100,000 shares at $3.27 per share. He is now holding 5,150,000 shares.

Following this transaction, the Hansson family owns 10,100,000 shares – being the largest private shareholder group in the company.

For contacts, please see at the end of this communication.

 

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                        www.nat.bm

 

 

 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

 

Contacts:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171    

 

FAQ

How many NAT shares did Vice Chairman Alexander Hansson purchase in September 2025?

Alexander Hansson purchased 100,000 shares at $3.27 per share on September 22, 2025.

What is the total Hansson family ownership in Nordic American Tankers (NAT)?

The Hansson family owns a total of 10.1 million shares, making them the largest private shareholder group in NAT.

How many shares does Alexander Hansson own in NAT after his recent purchase?

After his recent purchase, Alexander Hansson holds 5,150,000 shares in Nordic American Tankers.

Who is the largest private shareholder group in Nordic American Tankers?

The Hansson family is the largest private shareholder group in Nordic American Tankers, owning 10.1 million shares.