Were the Hafnia (HAFN) CEO’s share sales single trades or multiple transactions?

The reported prices are weighted averages, meaning the 500,000‑share blocks on each date were sold through multiple transactions on the Oslo Bors within stated NOK price ranges, then converted into USD values for disclosure in the Form 4 footnotes.

Hafnia (Ticker: HAFN) CEO sells 1M shares, retains 1.13M

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Hafnia Ltd Chief Executive Officer Mikael Opstun Skov reported open‑market sales of a total of 1,000,000 Ordinary Shares. He sold 500,000 shares on April 10, 2026 at a weighted average price of $8.12 per share and another 500,000 shares on April 13, 2026 at a weighted average price of $8.11 per share. These trades were executed in multiple transactions on the Oslo Bors, with prices originally in NOK and converted to USD using Norges Bank exchange rates. After these sales, he directly holds 1,130,978 Ordinary Shares.

Positive

None.

Negative

CEO materially reduces direct shareholding by selling 1,000,000 Ordinary Shares in open‑market transactions, bringing his direct position down to 1,130,978 shares and signaling a significant net sale of stock.

Insights

Hafnia's CEO sold 1,000,000 shares in open‑market trades but still retains a sizable stake.

Mikael Opstun Skov, Hafnia's Chief Executive Officer, executed two open‑market sales totaling 1,000,000 Ordinary Shares. He sold 500,000 shares on April 10, 2026 at a weighted average of $8.12 and another 500,000 on April 13, 2026 at $8.11 per share.

These prices were derived from multiple trades on the Oslo Bors, originally priced in NOK and converted to USD using Norges Bank exchange rates disclosed in the footnotes. The filing shows no derivative exercises or gifts; this is a straightforward net sale pattern.

After the transactions, Skov directly owns 1,130,978 Ordinary Shares, down from over 2 million prior to the sales, indicating a notable reduction in his equity exposure while still maintaining a significant position. There is no reference here to a Rule 10b5‑1 trading plan or other pre‑arranged program in the provided excerpt.

Insider Trade Summary

Net Seller: 1,000,000 shares ($8,115,000)

Net Sell 2 txns

Insider Skov Mikael Opstun

Role Chief Executive Officer

Sold 1,000,000 shs ($8.11M)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	500,000	$8.11	$4.05M
Sale	Ordinary Shares	500,000	$8.12	$4.06M

Holdings After Transaction: Ordinary Shares — 1,130,978 shares (Direct)

Footnotes (1)

This price reflects the weighted average sale price for the shares, which were sold in multiple transactions on the Oslo Bors at prices that ranged from NOK76.30 (USD8.04) to NOK78.25 (USD8.24). Upon request, the Reporting Person undertakes to provide information regarding the number of shares acquired at each separate price. The price was converted from NOK77.0623 to USD8.12 based on an exchange rate reported by Norges Bank (NB) of NOK 1 to USD0.10535 as of April 10, 2026. This price reflects the weighted average sale price for the shares, which were sold in multiple transactions on the Oslo Bors at prices that ranged from NOK76.30 (USD8.03) to NOK78.50 (USD8.26). Upon request, the Reporting Person undertakes to provide information regarding the number of shares acquired at each separate price. The price was converted from NOK77.015 to USD8.11 based on an exchange rate reported by Norges Bank (NB) of NOK 1 to USD0.10528 as of April 13, 2026.

Key Figures

Shares sold April 10, 2026: 500,000 shares at $8.12 Shares sold April 13, 2026: 500,000 shares at $8.11 Total shares sold: 1,000,000 shares +3 more

6 metrics

Shares sold April 10, 2026 500,000 shares at $8.12 Open‑market sale of Ordinary Shares

Shares sold April 13, 2026 500,000 shares at $8.11 Open‑market sale of Ordinary Shares

Total shares sold 1,000,000 shares Net insider sales across two transactions

Shares held after transactions 1,130,978 shares CEO’s direct ownership following April 2026 sales

NOK price range April 10, 2026 NOK 76.30–78.25 Converted to about $8.04–$8.24 per share

NOK price range April 13, 2026 NOK 76.30–78.50 Converted to about $8.03–$8.26 per share

Key Terms

weighted average sale price, Oslo Bors, exchange rate

3 terms

weighted average sale price financial

"This price reflects the weighted average sale price for the shares, which were sold in multiple transactions"

Oslo Bors financial

"shares, which were sold in multiple transactions on the Oslo Bors at prices that ranged from NOK76.30"

exchange rate financial

"based on an exchange rate reported by Norges Bank (NB) of NOK 1 to USD0.10535 as of April 10, 2026"

Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.

Form 4 Insider Transactions: What Each Field Means →

04/14/2026 - 04:50 PM

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Skov Mikael Opstun

(Last)

(First)

(Middle)

10 PASIR PANJANG ROAD

(Street)

#18-02 MAPLETREE BUSINESS CITY

117438

(City)

(State)

(Zip)

SINGAPORE

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol
[HAFNI.OL]

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	04/10/2026		S		500,000	D	$8.12⁽¹⁾	1,630,978	D
Ordinary Shares	04/13/2026		S		500,000	D	$8.11⁽²⁾	1,130,978	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This price reflects the weighted average sale price for the shares, which were sold in multiple transactions on the Oslo Bors at prices that ranged from NOK76.30 (USD8.04) to NOK78.25 (USD8.24). Upon request, the Reporting Person undertakes to provide information regarding the number of shares acquired at each separate price. The price was converted from NOK77.0623 to USD8.12 based on an exchange rate reported by Norges Bank (NB) of NOK 1 to USD0.10535 as of April 10, 2026.

2. This price reflects the weighted average sale price for the shares, which were sold in multiple transactions on the Oslo Bors at prices that ranged from NOK76.30 (USD8.03) to NOK78.50 (USD8.26). Upon request, the Reporting Person undertakes to provide information regarding the number of shares acquired at each separate price. The price was converted from NOK77.015 to USD8.11 based on an exchange rate reported by Norges Bank (NB) of NOK 1 to USD0.10528 as of April 13, 2026.

	/s/ Thomas Andersen, as Attorney in Fact for Mikael Opstun Skov	04/14/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Hafnia (HAFN) report for its CEO?

Hafnia reported that CEO Mikael Opstun Skov sold a total of 1,000,000 Ordinary Shares in two open‑market transactions, one on April 10, 2026 and another on April 13, 2026, at weighted average prices just above $8 per share.

How many Hafnia (HAFN) shares does the CEO hold after these sales?

After the reported sales, Hafnia’s CEO directly holds 1,130,978 Ordinary Shares. This reflects a substantial reduction from his prior level but still leaves him with a significant equity stake in the company following the April 2026 open‑market transactions.

At what prices did the Hafnia (HAFN) CEO sell his shares?

The CEO sold 500,000 shares on April 10, 2026 at a weighted average price of $8.12 per share and another 500,000 shares on April 13, 2026 at a weighted average price of $8.11, with prices converted from NOK using Norges Bank exchange rates.

Did the Hafnia (HAFN) CEO exercise options or only sell existing shares?

The filing describes non‑derivative transactions coded as open‑market sales of Ordinary Shares, with no derivative exercises reported. The derivative summary shows no remaining derivatives in this excerpt, indicating these were sales of existing share holdings rather than option exercises.