BW Group trims DHT Holdings (DHT) stake below key 5% threshold

Rhea-AI Filing Summary

BW Group Limited filed Amendment No. 14 to its Schedule 13D on DHT Holdings, Inc., reporting beneficial ownership of 7,764,504 common shares, or about 4.8% of the company. This stake is based on 160,799,407 shares outstanding as of December 31, 2025. BW Group sold 800,000 shares on March 11, 2026 at an average price of $17.80 and 696,677 shares on March 12, 2026 at an average price of $17.17 in open-market brokered trades. As a result, BW Group’s holdings fell below the 5% threshold, and this amendment is described as a final exit filing under the large-shareholder reporting rules.

Insights

Equity ownership & governance analyst

BW Group’s open-market sales reduce its DHT stake below the 5% reporting threshold.

BW Group Limited now reports beneficial ownership of 7,764,504 DHT common shares, or roughly 4.8% of outstanding stock based on 160,799,407 shares as of December 31, 2025. It retains sole voting and dispositive power over this position.

Recent activity includes selling 800,000 shares on March 11, 2026 at an average of $17.80 and 696,677 shares on March 12, 2026 at an average of $17.17, all via open-market brokered trades. These transactions brought BW Group below the 5% beneficial ownership threshold.

The amendment is characterized as an exit filing, meaning BW Group is no longer required to file Schedule 13D updates under Rule 13d-1(a). Future ownership changes by BW Group may therefore be less visible until other disclosure triggers apply.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 14)

DHT Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

(CUSIP Number)

Nicholas Fell, BW Maritime Pte
Mapletree Business City, #18-01, 10 Pasir Panjang Road
Singapore, U0, 117438
65 (0) 6434 5818

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/12/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP No.

1

Name of reporting person

BW Group Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,764,504.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,764,504.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,764,504.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.8 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

This percentage is based on a total of 160,799,407 shares of Common Stock outstanding as of December 31, 2025, as reported in the Report of Foreign Issuer on Form 6-K filed by the Issuer on February 5, 2026. This filing constitutes an exit filing as the Reporting Person has ceased to be the beneficial owner of more than five percent of the referenced class of securities.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: DHT Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: Clarendon House, 2 Church Street, Hamilton, BERMUDA , HM 11.
Item 1 Comment: This Amendment No. 14 to Schedule 13D ("Amendment No. 14") is being filed by BW Group Limited Comment: Comment: ("BWG"), pursuant to 240.13d-2(a) under the Act, with respect to the Common Stock, par value $0.01 per share ("Common Stock"), of DHT Holdings, Inc., a company incorporated in the Republic of the Marshall Islands (the "Issuer"), whose principal executive offices are located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. This Amendment No. 14 amends and supplements the statement on the Schedule 13D originally filed by BWG with the Securities and Exchange Commission (the "SEC") on April 3, 2017, and amended by Amendment No. 1, filed with the SEC on May 14, 2018, Amendment No. 2, filed with the SEC on February 26, 2019, Amendment No. 3, filed with the SEC on May 21, 2019, Amendment No. 4, filed with the SEC on November 22, 2019, Amendment No. 5, filed with the SEC on March 31, 2020, Amendment No. 6, filed with the SEC on April 25, 2024, Amendment No. 7, filed with the SEC on May 7, 2024, Amendment No. 8, filed with the SEC on September 10, 2025, Amendment No. 9, filed with the SEC on November 17, 2025, Amendment No. 10, filed with the SEC on January 30, 2026, Amendment No. 11, filed with the SEC on February 23, 2026, Amendment No. 12, filed with the SEC on March 5, 2026 and Amendment No. 13, filed with the SEC on March 12, 2026 (collectively with this Amendment No. 14, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 14 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used herein and not otherwise defined in this Amendment No. 14 have the meanings set forth in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	As of March 16, 2026, BWG may be deemed to beneficially own 7,764,504 shares of Common Stock, representing approximately 4.83% of the outstanding shares of Common Stock. The foregoing beneficial ownership percentage is based on a total of 160,799,407 shares of Common Stock outstanding as of December 31, 2025, as reported in the Report of Foreign Issuer on Form 6-K filed by the Issuer on February 5, 2026.
(b)	BWG has sole voting power and sole dispositive power over 7,764,504 shares of Common Stock.
(c)	The below chart reflects the transactions in Common Stock effected by BWG during the past 60 days. All of the shares of Common Stock were sold in open market transactions through a broker. Trade date Range No. of Shares Sold Average Price(1) Transaction Price 11-Mar-26 (800,000) $17.80 $17.49 to $18.45 12-Mar-26 (696,677) $17.17 $17.00 to $17.91 (1) Reflects the weighted average sale price per share of Common Stock sold in multiple transactions. BWG undertakes to provide the SEC staff, upon request, all information regarding the number of shares sold at each separate price within the ranges set forth above.
(e)	As a result of the transactions reported in this Schedule 13D, BWG ceased to be the beneficial owners of more than five percent of the shares of Common Stock and is no longer subject to the reporting requirements of Rule 13d-1(a) of the Exchange Act. The filing of this Amendment No. 14 represents the final amendment to the Schedule 13D and constitutes an exit filing for BWG.

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.

BW Group Limited

Signature:	/s/ Nicholas John Oxleigh Fell
Name/Title:	Nicholas John Oxleigh Fell/Authorized Signatory
Date:	03/16/2026

FAQ

What did BW Group disclose in its latest Schedule 13D/A on DHT (DHT)?

BW Group Limited disclosed that it now beneficially owns 7,764,504 shares of DHT common stock, about 4.8% of outstanding shares. This follows recent open-market sales and brings its stake below the 5% large-shareholder reporting threshold, making this amendment an exit filing.

How many DHT shares does BW Group currently own according to Amendment No. 14?

BW Group reports beneficial ownership of 7,764,504 DHT common shares, with sole voting and dispositive power over the entire block. This represents approximately 4.8% of DHT’s 160,799,407 shares outstanding as of December 31, 2025, based on the issuer’s previously filed share count.

What recent DHT stock transactions did BW Group report in this filing?

BW Group reported selling 800,000 DHT shares on March 11, 2026 at an average price of $17.80, and 696,677 shares on March 12, 2026 at an average price of $17.17. All trades were open-market sales executed through a broker across stated intraday price ranges.

Why is this DHT Schedule 13D/A labeled an exit filing for BW Group?

The amendment is labeled an exit filing because BW Group’s beneficial ownership fell below 5% of DHT’s outstanding common stock after recent sales. At approximately 4.8% ownership, BW Group is no longer subject to ongoing Schedule 13D reporting obligations under Rule 13d-1(a).

What ownership percentage of DHT does BW Group’s stake represent in this amendment?

BW Group’s 7,764,504 DHT common shares represent about 4.8% of the company’s outstanding stock, calculated against 160,799,407 shares outstanding as of December 31, 2025. The issuer previously reported this share count in a Form 6-K foreign issuer report filed in early 2026.

Did BW Group indicate how its DHT shares are controlled in this Schedule 13D/A?

Yes. BW Group states it has sole voting power and sole dispositive power over all 7,764,504 DHT common shares it beneficially owns. It reports no shared voting or dispositive power, clarifying that control over the entire reported stake rests solely with BW Group.