Hafnia (NYSE: HAFN) EVP discloses options and 300,000 share holding

Rhea-AI Filing Summary

Hafnia Ltd executive Ralph Steen Juhl filed an initial ownership report showing both share and option holdings. He directly holds 300,000 Ordinary Shares and three tranches of stock options over 123,170, 179,627, and 179,739 Ordinary Shares, with exercise prices of $7.66, $6.31, and $8.30 and expirations from 2030 to 2032.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Juhl Ralph Steen

Role EVP, Head of Technical

Type	Security	Shares	Price	Value
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Stock Options — 123,170 shares (Direct); Ordinary Shares — 300,000 shares (Direct)

Footnotes (1)

1. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 73.43 to USD 7.66 based on an exchange rate of NOK 1 to USD 0.1044 as of March 6, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Program Options Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 60.45 to USD 6.31 based on an exchange rate of NOK 1 to USD 0.1044 as of March 6, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Program Options Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 79.51 to USD 8.30 based on an exchange rate of NOK 1 to USD 0.1044 as of March 6, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Program Options Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Juhl Ralph Steen

(Last) (First) (Middle)

10 PASIR PANJANG ROAD

(Street)

#18-01 MAPLETREE BUSINESS CITY 117438

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Hafnia Ltd [ HAFN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Head of Technical

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	300,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	03/05/2027	03/05/2030	Ordinary Shares	123,170	$7.66(1)	D
Stock Options	02/27/2028	02/27/2031	Ordinary Shares	179,627	$6.31(2)	D
Stock Options	02/26/2029	02/26/2032	Ordinary Shares	179,739	$8.3(3)	D

Explanation of Responses:

1. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 73.43 to USD 7.66 based on an exchange rate of NOK 1 to USD 0.1044 as of March 6, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Program Options Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

2. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 60.45 to USD 6.31 based on an exchange rate of NOK 1 to USD 0.1044 as of March 6, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Program Options Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

3. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 79.51 to USD 8.30 based on an exchange rate of NOK 1 to USD 0.1044 as of March 6, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Program Options Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

Remarks:

Ex. 24 - Power of Attorney

	/s/ Thomas Andersen, as attorney-in-fact for Ralph Steen Juhl	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Hafnia (HAFN) Form 3 filing by Ralph Steen Juhl show?

The Form 3 shows EVP Ralph Steen Juhl’s initial holdings in Hafnia. He directly owns 300,000 Ordinary Shares and several stock option grants over additional shares, outlining his existing equity stake rather than any new purchase or sale activity.

How many Hafnia (HAFN) Ordinary Shares does Ralph Steen Juhl hold directly?

Ralph Steen Juhl directly holds 300,000 Ordinary Shares of Hafnia. This position is separate from his stock options and represents his current direct share ownership as disclosed in this initial beneficial ownership statement.

What stock options are reported for Ralph Steen Juhl in Hafnia (HAFN)?

He holds three stock option positions over 123,170, 179,627, and 179,739 underlying Ordinary Shares. These options carry exercise prices of $7.66, $6.31, and $8.30 and provide potential future share acquisition rights if exercised.

When do Ralph Steen Juhl’s Hafnia (HAFN) stock options expire?

His Hafnia stock options expire on dates ranging from 2030 to 2032. Specifically, the tranches linked to $7.66, $6.31, and $8.30 exercise prices have expirations in 2030, 2031, and 2032, defining the window during which they can be exercised.

Are there any buy or sell transactions in this Hafnia (HAFN) Form 3?

The Form 3 records holdings only and no explicit buy or sell transactions. All entries are classified as holdings with unknown transaction codes, reflecting existing ownership levels rather than reporting recent trading activity in Hafnia securities.