Himalaya Shipping director exercises 75,000 options

Himalaya Shipping Ltd. director Steen Carl Erik exercised stock options to acquire 75,000 Common Shares.

Rhea-AI Filing Summary

Himalaya Shipping Ltd. director Steen Carl Erik exercised stock options to acquire 75,000 Common Shares. On May 22, 2026, he converted fully vested options into shares, using an adjusted strike price of $6.49 per share, reflecting prior dividends and cash distributions. Following the exercise, 75,000 Common Shares are held directly and the related options are fully exercised, with no shares reported as sold.

Insider Trade Summary

75,000 shares exercised/converted

Exercise 2 txns

Insider Steen Carl Erik

Role Director

Type	Security	Shares	Price	Value
Exercise	Share options (right to buy)	75,000	$0.00	$0.00
Exercise	Common Shares	75,000	$6.49	$487K

Holdings After Transaction: Share options (right to buy) — 0 contracts (Direct); Common Shares — 75,000 shares (Direct)

Footnotes (2)

1. F1. The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock.
2. F2. The options are fully vested and currently exercisable. The original option grant strike price of $8.00 has been adjusted downward to $6.49 per share to accurately account for successive dividends and cash distributions declared by the Issuer subsequent to the original date of grant.

Key Figures

Common Shares acquired: 75,000 shares Adjusted strike price: $6.49 per share Original strike price: $8.00 per share +3 more

6 metrics

Common Shares acquired 75,000 shares Shares received from option exercise on May 22, 2026

Adjusted strike price $6.49 per share Exercise price after adjustments for dividends and cash distributions

Original strike price $8.00 per share Original option grant price before downward adjustment

Options exercised 75,000 options Share options (right to buy) converted into Common Shares

Options remaining 0 options Total share options from this grant following the transaction

Shares held after transaction 75,000 Common Shares Director’s directly held position reported after the exercise

Key Terms

stock options, strike price, Common Shares, dividends and cash distributions, +1 more

5 terms

stock options financial

"The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock."

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

strike price financial

"The original option grant strike price of $8.00 has been adjusted downward to $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.

Common Shares financial

"The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock."

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.

dividends and cash distributions financial

"adjusted downward to $6.49 per share to accurately account for successive dividends and cash distributions declared by the Issuer"

Form 4 regulatory

"The transactions reported on this Form 4 represent the exercise of outstanding stock options"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Himalaya Shipping (HSHP) report for Steen Carl Erik?

Himalaya Shipping reported that director Steen Carl Erik exercised stock options to acquire 75,000 Common Shares. The options were fully vested and exercisable, and the transaction represents a conversion of existing options into directly held shares rather than an open-market purchase or sale.

How many Himalaya Shipping (HSHP) shares did the director acquire in this Form 4?

The director acquired 75,000 Common Shares through an option exercise. These shares came from previously granted options, not from an open-market buy. After the transaction, his directly held position in these reported shares is 75,000, with the corresponding options fully exercised.

What was the strike price on the exercised Himalaya Shipping (HSHP) stock options?

The options were exercised at an adjusted strike price of $6.49 per share. A footnote explains the original $8.00 grant price was reduced to $6.49 to reflect successive dividends and cash distributions declared after the original grant date.

Were any Himalaya Shipping (HSHP) shares sold in this Form 4 transaction?

No shares were reported as sold in this Form 4. The filing shows the exercise of 75,000 share options and the acquisition of 75,000 Common Shares, with no sale transactions or tax-withholding dispositions reported in connection with this exercise.

What happened to the director’s stock options in Himalaya Shipping (HSHP) after the exercise?

The 75,000 share options were fully exercised, leaving zero options from this grant outstanding. The derivative transaction entry shows 75,000 options exercised and a total of 0 derivative securities following the transaction, while 75,000 underlying Common Shares are now held directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/27/2026 - 03:36 PM EDT Learn about SEC filing dates

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^*

Steen Carl Erik

(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)
05/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/22/2026		M(1)		75,000	A	$6.49(2)	75,000	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share options (right to buy)	$8(2)	05/22/2026		M			75,000	12/09/2024	12/08/2026	Common Shares	75,000	$0	0	D

Explanation of Responses:

1. The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock.

2. The options are fully vested and currently exercisable. The original option grant strike price of $8.00 has been adjusted downward to $6.49 per share to accurately account for successive dividends and cash distributions declared by the Issuer subsequent to the original date of grant.

Remarks:

	/s/ Alfi Lao as attorney-in-fact for Carl Erik Steen	05/27/2026
	** 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)