Himalaya Shipping insiders exercise 175K options
Himalaya Shipping Ltd. reported that two primary insiders exercised share options, and its board approved issuing 175,000 new shares to settle these exercises.
Rhea-AI Filing Summary
Himalaya Shipping Ltd. reported that two primary insiders exercised share options, and its board approved issuing 175,000 new shares to settle these exercises. The options carry a strike price of US$6.49 per share, and the issuance is subject to payment and compliance with specific Euronext rules.
Director Carl Erik Steen exercised 75,000 options and will hold 277,496 shares after the transaction. Contracted CFO Vidar Hasund exercised 100,000 options and will hold 100,000 shares and 20,000 remaining share options. A separate announcement will follow when all issuance conditions are satisfied.
Positive
- None.
Negative
- None.
Key Figures
Options exercised by Steen: 75,000 options at US$6.49/share
Steen shareholding after exercise: 277,496 shares
Options exercised by Hasund: 100,000 options at US$6.49/share
+4 more
7 metrics
Options exercised by Steen
75,000 options at US$6.49/share
Director Carl Erik Steen exercise
Steen shareholding after exercise
277,496 shares
Post-transaction ownership
Options exercised by Hasund
100,000 options at US$6.49/share
Contracted CFO Vidar Hasund exercise
Hasund holdings after exercise
100,000 shares, 20,000 options
Post-transaction equity and options
New shares to be issued
175,000 shares
Board-approved issuance to option holders
Telephone contact
+47 476 38 756
Contracted CEO contact number
Vessels in operation
12 vessels
Himalaya Shipping fleet size
Key Terms
share option program, primary insiders, strike price, Market Abuse Regulation, +2 more
6 terms
primary insiders regulatory
"exercise notices from the following primary insiders who are participants"
Primary insiders are the people and entities with the most direct access to a company's inside information and decision‑making power, typically executives, board members and large beneficial owners. Their share purchases, sales or other transactions matter to investors because they can signal confidence, reveal plans or pose risks; like watching a pilot's actions to judge a plane's condition, insider moves help assess management’s view of the company and may influence stock prices.
strike price financial
"exercise of 75,000 share options at a strike price of US$6.49 per share"
The strike price is the fixed price at which an option gives its holder the right to buy or sell an underlying stock. Think of it like a coupon that lets you transact at a pre-agreed price regardless of the market; for investors it determines whether an option will be profitable, influences potential gains or losses, and is a key factor in the option’s market value and risk profile.
Market Abuse Regulation regulatory
"subject to the disclosure requirements in Article 19 of the Market Abuse Regulation"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
Euronext’s Rule Book II regulatory
"compliance with section 4.8.4.4 of Euronext’s Rule Book II"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Himalaya Shipping (HSHP) announce in this May 2026 6-K?
Himalaya Shipping announced board approval to issue 175,000 new shares tied to insider option exercises at US$6.49 per share. The issuance follows exercises by a director and the contracted CFO and remains subject to payment and Euronext regulatory conditions.
What will Carl Erik Steen own after his option exercise in Himalaya Shipping (HSHP)?
After exercising 75,000 share options, director Carl Erik Steen and his close associates will own 277,496 Himalaya Shipping shares. This reflects his updated equity position following participation in the company’s share incentive program at a strike price of US$6.49 per share.
What will Vidar Hasund own after his option exercise in Himalaya Shipping?
Following his exercise of 100,000 share options at US$6.49 per share, contracted CFO Vidar Hasund will hold 100,000 Himalaya Shipping shares and retain 20,000 share options. These holdings reflect his ongoing participation in the company’s share incentive program.
Why is this Himalaya Shipping transaction subject to Market Abuse Regulation disclosure?
The transaction is disclosed under Article 19 of the Market Abuse Regulation because it involves trades by primary insiders. It also falls under section 5-12 of the Norwegian Securities Trading Act, requiring detailed notification of option exercises and resulting shareholdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 May 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 Template for notification of transactions by persons discharging managerial responsibilities and persons closely associated with them - Carl Erik Steen | |||||||
99.3 | KRT-1500 Template for notification of transactions by persons discharging managerial responsibilities and persons closely associated with them - Vidar Hasund | |||||||
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: May 22, 2026 | ||||||||||||||
Himalaya Shipping Ltd. (HSHP) – Approval of Issuance of Shares and Mandatory Notification of Trade
Hamilton, Bermuda, May 22, 2026
Reference is made to the announcements by Himalaya Shipping Ltd. (the "Company") regarding its share option program.
The Company has received exercise notices from the following primary insiders who are participants in the share incentive program:
Mr. Carl Erik Steen, Director, for the exercise of 75,000 share options at a strike price of US$6.49 per share. Following this transaction, Mr. Steen and his close associates will own 277,496 shares in the Company.
Mr. Vidar Hasund, Contracted CFO, for the exercise of 100,000 share options at a strike price of US$6.49 per share. Following this transaction, Mr. Hasund will own 100,000 shares and 20,000 share options in the Company.
The board of directors has consequently resolved to issue 175,000 new shares for delivery to the option holders subject to the option holders’ payment of the strike price of US$6.49 per share and to the Company's compliance with section 4.8.4.4 of Euronext’s Rule Book II and its relating Notice 4.8.4.4. The Company will make a separate announcement when such conditions are met and the new shares are issued.
This information is subject to the disclosure requirements in Article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
For further queries, please contact:
Lars-Christian Svensen, Contracted CEO
Telephone +47 476 38 756
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.
