Himalaya Shipping (HSHP) CFO exercises 100,000 options and holds all shares

Rhea-AI Filing Summary

Himalaya Shipping Ltd. contracted CFO Vidar Hasund exercised stock options to acquire 100,000 common shares. On 2026-05-22, he converted options into 100,000 common shares at an adjusted exercise price tied to prior dividends and cash distributions, leaving him with 100,000 common shares directly owned after the transaction.

The Form 4 shows this as a derivative exercise rather than an open-market purchase or sale, and the derivative position reported in this filing was fully exercised, with no remaining options listed afterward.

Insights

Equity compensation analyst

CFO exercises 100,000 options, turns them into shares and retains all.

Contracted CFO Vidar Hasund exercised stock options for 100,000 common shares of Himalaya Shipping Ltd. at an adjusted exercise price that reflects past dividends and cash distributions. This converts a derivative award into regular equity without any reported market sale.

The filing notes that the options are fully vested and currently exercisable, and that the exercise price adjustment accounts for successive dividends and cash distributions. With 100,000 common shares held directly after the transaction and no remaining options reported, this appears to be a straightforward compensation-related exercise with neutral informational signal.

Insider Trade Summary

Net Buyer: 100,000 shares

Net Buy 2 txns

Insider Hasund Vidar

Role Contracted CFO

Type	Security	Shares	Price	Value
Exercise	Share options (right to buy)	100,000	$0.00	$0.00
Exercise	Common Shares	100,000	$6.49	$649K

Holdings After Transaction: Share options (right to buy) — 0 shares (Direct); Common Shares — 100,000 shares (Direct)

Footnotes (3)

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.
3. F3. The options are fully vested and currently exercisable. The exercise price shown on this form reflects the original grant price as adjusted downward for dividends and/or cash distributions declared subsequent to the date of grant.

Key Figures

Common shares acquired: 100,000 shares Shares held after transaction: 100,000 shares Original option strike price: $8.00 per share +2 more

5 metrics

Common shares acquired 100,000 shares Common Shares acquired via option exercise on 2026-05-22

Shares held after transaction 100,000 shares Total common shares directly owned after exercise

Original option strike price $8.00 per share Option grant strike before adjustments for dividends

Adjusted exercise price $6.49 per share Strike adjusted for dividends and cash distributions

Options exercised 100,000 options Share options (right to buy) exercised into common shares

Key Terms

stock options, exercise price, dividends and cash distributions, fully vested

4 terms

stock options financial

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

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.

exercise price financial

"The exercise price shown on this form reflects the original grant price as adjusted downward"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

dividends and cash distributions financial

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

fully vested financial

"The options are fully vested and currently exercisable."

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/27/2026 - 02:55 PM Learn about SEC filing dates

FAQ

What did HSHP contracted CFO Vidar Hasund do in this Form 4?

Contracted CFO Vidar Hasund exercised stock options and acquired 100,000 Himalaya Shipping common shares. The transaction converts fully vested options into directly owned shares, with no open-market buying or selling reported in this filing.

How many Himalaya Shipping (HSHP) shares did the CFO acquire?

The contracted CFO acquired 100,000 common shares of Himalaya Shipping through an option exercise. After this transaction, the Form 4 shows total direct ownership of 100,000 common shares for him in this filing, with no remaining options listed.

Was the HSHP CFO transaction a market purchase or sale of shares?

No, the Form 4 reports a derivative exercise, not an open-market trade. Vidar Hasund exercised fully vested options to obtain 100,000 common shares, and there is no separate buy or sell code indicating a market purchase or sale in this filing.

What exercise price applied to the HSHP stock options in this Form 4?

The options carried an original strike price of $8.00 per share, adjusted downward to $6.49 per share. Footnotes explain this adjustment reflects successive dividends and cash distributions declared after the original grant date by Himalaya Shipping.

Are the Himalaya Shipping options fully vested and exercisable?

Yes, the footnotes state the options are fully vested and currently exercisable. The filing describes the reported transactions as exercises of outstanding stock options and subsequent acquisition of the underlying common stock, with no remaining options shown afterward.

Does Vidar Hasund still hold any HSHP stock options after this transaction?

Based on the data provided, the exercised options covered 100,000 underlying shares and the derivative position shows zero remaining. This indicates the reported option grant was fully exercised, leaving direct ownership of 100,000 common shares and no listed derivative balance.

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^*

Hasund Vidar

(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)

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

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)		100,000	A	$6.49(2)	100,000	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(3)	05/22/2026		M(1)			100,000	12/09/2024	12/08/2026	Common Shares	100,000	$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.

3. The options are fully vested and currently exercisable. The exercise price shown on this form reflects the original grant price as adjusted downward for dividends and/or cash distributions declared subsequent to the date of grant.

Remarks:

The option exercises reported in this Form 4 were legally executed via a conversion of derivative securities. The reporting person acquired 100,000 shares of Common Stock upon the exercise of a matching number of stock options at an exercise price of $ 8.00 (the Strike Price) per share.

	/s/ Alfi Lao as attorney-in-fact for Vidar Hasund	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)