Himalaya Shipping (HSHP) chair rolls 200k-share forward deal to 2029
Rhea-AI Filing Summary
Himalaya Shipping Ltd. reports derivative transactions involving its board chairman, Bjørn Andreas Freng Isaksen. A prior forward purchase agreement for 200,000 common shares with Drew Holdings Ltd. expired and was cash settled on June 17, 2026 at an average price of USD 8.5742 per share.
On the same date, Mr. Isaksen entered a new forward purchase agreement to buy 200,000 Himalaya Shipping shares from Drew Holdings Ltd. at USD 15.22 per share, with 6% interest less dividends until the June 17, 2029 settlement. After these transactions, he and close associates own 300,000 shares and hold a beneficial interest in an additional 200,000 shares through the new forward.
Positive
- None.
Negative
- None.
Key Figures
Forward volume (settled): 200,000 shares
Cash settlement price: USD 8.5742 per share
Cash settlement amount: USD 1,714,840
+5 more
8 metrics
Forward volume (settled)
200,000 shares
Cash settlement of expired forward on 06/17/2026
Cash settlement price
USD 8.5742 per share
Expired forward purchase agreement for 200,000 shares
Cash settlement amount
USD 1,714,840
Total cash amount for settled forward on 200,000 shares
New forward volume
200,000 shares
New forward purchase agreement entered on 06/17/2026
New forward strike price
USD 15.22 per share
Forward on 200,000 shares settling on June 17, 2029
New forward notional value
USD 3,044,000
200,000 shares at USD 15.22 under new forward
Shares owned
300,000 shares
Owned by Mr. Isaksen and close associates after transactions
Beneficial forward interest
200,000 shares
Beneficial interest via new forward purchase agreement
Key Terms
forward purchase agreement, person discharging managerial responsibilities, beneficial interest, Market Abuse Directive, +2 more
6 terms
forward purchase agreement financial
"entered into a new forward purchase agreement to purchase 200,000 common shares"
A forward purchase agreement is a contract in which a buyer commits now to purchase securities or assets from a company at a set price and on a future date, much like placing a pre-order for a product to be delivered later. For investors it matters because it provides predictable funding or supply, can affect share dilution and company valuation when the purchase happens, and signals the buyer’s confidence or risk exposure to future events.
person discharging managerial responsibilities regulatory
"thus, as per the Market Abuse Directive, a person discharging managerial responsibilities"
A person discharging managerial responsibilities is an individual who holds a senior role with authority to make or influence a company’s strategic or operational decisions, such as executives, board members, or other top managers. Investors care because these people often have access to confidential information and their buying or selling of company shares must be disclosed—like a referee who knows the score before the crowd, their actions can signal important, non-public insights about a company's prospects.
beneficial interest financial
"In addition, Mr. Isaksen has a beneficial interest in 200,000 shares"
Beneficial interest is the right to receive the economic benefits of an asset—such as dividends, interest, or sale proceeds—without necessarily holding legal title to it. For investors this matters because it determines who actually gains from an investment or trust, much like renting an apartment where the tenant enjoys living there and paying bills while the landlord holds the deed; understanding who has the beneficial interest affects income rights, voting influence, and risk exposure.
Market Abuse Directive regulatory
"thus, as per the Market Abuse Directive, a person discharging managerial responsibilities"
Regulation EU596/2014 ("MAR") regulatory
"disclosed as required by Regulation EU596/2014 ("MAR"), article 19"
XOFF - Outside a trading venue financial
"Trading venue XOFF - Outside a trading venue"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Himalaya Shipping (HSHP) disclose in this 6-K?
Himalaya Shipping disclosed that its chairman, Bjørn Isaksen, cash settled an existing forward agreement on 200,000 shares and simultaneously entered a new forward purchase agreement for 200,000 shares at USD 15.22 per share, settling in June 2029.
Why is this Himalaya Shipping (HSHP) transaction reported to the Norwegian authority?
The transaction is reported under EU Market Abuse Regulation and the Norwegian Securities Trading Act. As chairman of Himalaya Shipping, Bjørn Isaksen is a person discharging managerial responsibilities, so his trades and related forward agreements must be notified to the Financial Supervisory Authority of Norway.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2026
Commission File Number 001-41676
Himalaya Shipping Ltd.
(Exact name of Registrant as specified in its charter)
Not applicable
(Translation of Registrant’s name into English)
S. E. Pearman Building
2nd floor, 9 Par-la-Ville Road
Hamilton HM 11
Bermuda
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Exhibits.
| Exhibit | Description | |||||||
99.1 | Press release | |||||||
99.2 | KRT-1500 Form for notification of transactions carried out by persons discharging managerial responsibilities (“primary insiders”) and their closely asociated persons | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Himalaya Shipping Ltd. | ||||||||||||||
| By: | /s/ Lars-Christian Svensen | |||||||||||||
| Name: | Lars-Christian Svensen | |||||||||||||
| Title: | Chief Executive Officer | |||||||||||||
| Date: June 18, 2026 | ||||||||||||||
Himalaya Shipping Ltd. (HSHP) - Mandatory Notification of Trade by PDMR
Hamilton, Bermuda, June 18, 2026
Reference is made to the stock exchange announcement of November 12, 2024. On November 11, 2024, Mr. Bjorn Isaksen entered into a forward purchase agreement with Drew Holdings Ltd. to purchase 200,000 common shares in Himalaya Shipping Ltd. The forward purchase agreement has now expired and has been settled in cash upon expiration.
On June 17, 2026, Mr. Bjorn Isaksen entered into a new forward purchase agreement to purchase 200,000 common shares from Drew Holdings Ltd. for settlement on June 17, 2029, at a price of USD 15.22 per share, to be adjusted by 6% interest less any dividends paid between June 17, 2026 and the settlement date.
Mr. Isaksen is the chairman of Himalaya Shipping Ltd.'s board and thus, as per the Market Abuse Directive, a person discharging managerial responsibilities in Himalaya Shipping Ltd.
Following the above transactions, Mr. Isaksen and his close associates own 300,000 shares. In addition, Mr. Isaksen has a beneficial interest in 200,000 shares pursuant to the forward purchase agreement with Drew Holdings Ltd. referred to above.
Please refer to the attached form of notification of a transaction by a person discharging managerial responsibilities.
This information is disclosed as required by Regulation EU596/2014 ("MAR"), article 19 and section 5-12 of the Norwegian Securities Trading Act.
The Financial Supervisory Authority of Norway KRT-1500 Form for notification of transactions carried out by persons discharging managerial responsibilities ("primary insiders") and their closely associated persons Date sent: 18.06.2026 / 13:11 Receiver: The Financial Supervisory Authority of Norway Reference number: 62b0f0b9529b 1 About the reporting 1.1 Are you reporting on behalf of yourself or others? On behalf of others 1.2 Information about the reporter 1.2.1 Reporter's name PETERSEN CHRISTIAN EMIL 1.2.2 Reporter's company name RO SOMMERNES ADVOKATFIRMA DA 1.2.3 Reporter's email mail@rosom.no 1.3 Information about primary insider / closely associated person If the transaction is carried out by a closely associated legal entity of a primary insider, tick the option for entity closely associated with a primary insider, not primary insider. You will then be able to register information about both the primary insider and the entity closely associated with the primary insider. 1.3.1 I report as / on behalf of: Primary insider 1.4 About the primary insider 1.4.1 Citizenship Norwegian 1.4.1.1 Person lookup National ID number/D-number 250284 ***** Name BJØRN ANDREAS FRENG ISAKSEN 1.4.3 Email mail@rosom.no
1.4.4 Position/Role Chair 2 About the notification 2.1 Is this a new notification or a correction of a previously reported transaction? New notification 2.2 Information about the issuer or the emission allowance market participant 2.2.1 LEI code (for issuer or emission allowance market participant) 984500D86FFE5EYE7988 2.2.2 Company name (for issuer or emission allowance market participant) Himalaya Shipping Limited 2.3 The reportable transaction Description of the financial instrument/type of financial instrument 2.3.1 Instrument Share 2.3.2 ISIN code BMG4660A1036 2.3.2.1 Issuer name Himalaya Shipping Ltd. 2.4 Transaction type 2.4.1 Transaction type Other transaction type 2.4.2 Description of transaction type Cash settlement at USD 15,22 per share under a forward purchase agreement for 200 000 shares with a strike price of USD 6,65 per share 2.5 Share option scheme 2.5.1 Is the transaction linked to the exercise of a share option scheme? No 2.6 Currency of the transaction 2.6.1 Currency USD 2.7 Prices and volume If more than one transaction of the same type, financial instrument, day and trading venue has been made, price and volume can be entered for each transaction. 2.7.1 Price per unit 8,5742
2.7.2 Volume 200 000 2.8 Aggregated information 2.8.1 Average price per unit 8,5742 2.8.2 Aggregated volume 200 000 2.8.3 Total amount 1 714 840 2.9 Transaction date 2.9.1 Specify date 06/17/2026 2.10 Trading venue for the transaction 2.10.1 Trading venue XOFF - Outside a trading venue 2.3.1 Instrument Share 2.3.2 ISIN code BMG4660A1036 2.3.2.1 Issuer name Himalaya Shipping Ltd. 2.4 Transaction type 2.4.1 Transaction type Other transaction type 2.4.2 Description of transaction type Entering into a forward purchase agreement for 200 000 shares in Himalaya Shipping Ltd., with a strike price of USD 15,22 per share, to be adjusted by 6% interest and customary adjustment provisions, and a settlement date that is 3 years from issue. 2.5 Share option scheme 2.5.1 Is the transaction linked to the exercise of a share option scheme? No 2.6 Currency of the transaction 2.6.1 Currency USD 2.7 Prices and volume
If more than one transaction of the same type, financial instrument, day and trading venue has been made, price and volume can be entered for each transaction. 2.7.1 Price per unit 15,22 2.7.2 Volume 200 000 2.8 Aggregated information 2.8.1 Average price per unit 15,22 2.8.2 Aggregated volume 200 000 2.8.3 Total amount 3 044 000 2.9 Transaction date 2.9.1 Specify date 06/17/2026 2.10 Trading venue for the transaction 2.10.1 Trading venue XOFF - Outside a trading venue 2.11 Comment You have not entered any information here