Himalaya Shipping (HSHP) director settles 200k-share forward and enters new 2029 deal

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Himalaya Shipping Ltd. director Bjorn Andreas Freng Isaksen reported derivative transactions tied to 200,000 common shares. He received a new forward purchase agreement referencing 200,000 shares at $15.22 per share, with settlement on June 17, 2029 and a price later adjusted by 6% interest less dividends.

He also exercised and cash-settled a prior forward purchase agreement on 200,000 shares at an adjusted price of $6.65 per share, based on a starting price of $7.13 plus 5% interest less dividends through June 15, 2026. No open derivative position from that earlier agreement remains after the settlement.

Insider Trade Summary

200,000 shares exercised/converted

Mixed 2 txns

Insider Isaksen Bjorn Andreas Freng

Role null

Type	Security	Shares	Price	Value
Exercise	Forward purchase agreement (right to buy)	200,000	$6.65	$1.33M
Grant/Award	Forward purchase agreement (right to buy)	200,000	$15.22	$3.04M

Holdings After Transaction: Forward purchase agreement (right to buy) — 0 shares (Direct, null)

Footnotes (1)

Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement on June 15, 2026 at a price of $7.13 per share, to be adjusted by 5% interest less any dividends paid between November 11, 2024 and the settlement date. Cash settlement at $15.22 per share of 200,000 shares under the forward purchase agreement less the agreed price of $6.65 per share ($7.13 per share adjusted by 5% interest less dividends paid between November 11, 2024 and settlement date). Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement on June 17, 2029 at a price of $15.22 per share, to be adjusted by 6% interest less any dividends paid between June 17, 2026 and the settlement date.

Key Figures

New forward notional shares: 200,000 shares New forward reference price: $15.22 per share Prior forward adjusted price: $6.65 per share +3 more

6 metrics

New forward notional shares 200,000 shares Underlying common shares in new forward purchase agreement

New forward reference price $15.22 per share Forward purchase agreement price before 6% interest and dividend adjustments

Prior forward adjusted price $6.65 per share Adjusted settlement price after 5% interest and dividend effects

Prior forward base price $7.13 per share Original price before 5% interest less dividends to settlement

Interest adjustment (prior forward) 5% interest Applied between November 11, 2024 and June 15, 2026

Interest adjustment (new forward) 6% interest Applied between June 17, 2026 and June 17, 2029

Key Terms

Forward purchase agreement, Exercise or conversion of derivative security, derivative transactions, Common Shares

4 terms

Forward purchase agreement financial

"Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement"

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.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

derivative transactions financial

"He also exercised and cash-settled a prior forward purchase agreement in derivative transactions"

Derivative transactions are contracts whose value depends on the price or performance of something else—like stocks, bonds, currencies, interest rates or commodities. Think of them as insurance or bets about a future price: investors use them to protect against losses, lock in prices, or try to amplify returns, but they can also magnify losses, create cash demands and expose a firm to the risk that the other party won’t meet its obligation, so they can materially affect a company’s financial stability and volatility.

Common Shares financial

"underlying_security_title": "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

06/18/2026 - 11:26 AM

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^*

Isaksen Bjorn Andreas Freng

(Last)

(First)

(Middle)

2ND FLOOR, S E PEARMAN BUILDING

9 PAR-LA-VILLE ROAD

(Street)

HAMILTON

HM11

(City)

(State)

(Zip)

BERMUDA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Himalaya Shipping Ltd. [ HSHP ]

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

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

2a. Foreign Trading Symbol
[HSHP]

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)

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)
Forward purchase agreement (right to buy)	$7.13⁽¹⁾	06/17/2026	06/17/2026	M			200,000	06/15/2026⁽¹⁾	⁽¹⁾	Common Shares	200,000	$6.65⁽²⁾	0	D
Forward purchase agreement (right to buy)	$15.22⁽³⁾	06/17/2026	06/17/2026	A		200,000		06/17/2029⁽³⁾	⁽³⁾	Common Shares	200,000	$15.22⁽³⁾	200,000	D

Explanation of Responses:

1. Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement on June 15, 2026 at a price of $7.13 per share, to be adjusted by 5% interest less any dividends paid between November 11, 2024 and the settlement date.

2. Cash settlement at $15.22 per share of 200,000 shares under the forward purchase agreement less the agreed price of $6.65 per share ($7.13 per share adjusted by 5% interest less dividends paid between November 11, 2024 and settlement date).

3. Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement on June 17, 2029 at a price of $15.22 per share, to be adjusted by 6% interest less any dividends paid between June 17, 2026 and the settlement date.

Remarks:

	/s/ Alfi Lao as attorney-in-fact for Bjorn Andreas Freng Isaksen	06/18/2026
	** 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 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 were reported for Himalaya Shipping (HSHP)?

Himalaya Shipping director Bjorn Andreas Freng Isaksen reported two derivative transactions involving forward purchase agreements on 200,000 common shares each, including a cash settlement of an older contract and the grant of a new agreement with a later settlement date.

How many Himalaya Shipping shares are tied to the forward agreements?

Each forward purchase agreement reported covers 200,000 Himalaya Shipping common shares. One agreement was cash-settled on this Form 4, and another new agreement referencing 200,000 shares was granted, rolling the economic exposure to a future settlement date.

What prices apply to the Himalaya Shipping forward purchase agreements?

The prior forward used a base price of $7.13 per share, adjusted to $6.65 per share after interest and dividends. The new forward references a price of $15.22 per share, to be adjusted by 6% interest less dividends until its future settlement date.

Were Himalaya Shipping (HSHP) common shares actually bought or sold in this Form 4?

The filing describes derivative forward purchase agreements and a cash settlement, not open-market buying or selling of common shares. Economic exposure was settled in cash for the older contract and moved into a new, later-dated forward agreement on 200,000 shares.

Who is the counterparty to the Himalaya Shipping forward purchase agreements?

The forward purchase agreements reported are with Drew Holdings Ltd. One agreement covered settlement on June 15, 2026, and a new agreement extends to June 17, 2029, both referencing Himalaya Shipping common shares with specified interest and dividend adjustments.

What are the key dates in the Himalaya Shipping director’s derivative transactions?

Key dates include settlement of the earlier forward on June 15, 2026 using an adjusted $6.65 per share price, and the grant of a new forward scheduled to settle on June 17, 2029 at a price starting from $15.22 per share.