Norwegian Cruise Line (NYSE: NCLH) director buys 1.38M shares in market

Rhea-AI Filing Summary

Norwegian Cruise Line Holdings director Stephen G. Pagliuca made large open-market purchases of the company’s common stock. He bought 695,000 shares on June 1 at a weighted-average price of $18.16 per share and 685,000 shares on June 2 at a weighted-average price of $18.06 per share. Following these transactions, he directly owns 1,388,912 shares of Norwegian Cruise Line common stock. The filing notes that each day’s reported price reflects multiple trades executed within price ranges of $17.81–$18.22 and $17.94–$18.45, respectively.

Insights

Equity markets analyst

Director Stephen Pagliuca made sizable open-market share purchases in Norwegian Cruise Line, signaling increased personal exposure.

Director Stephen G. Pagliuca executed two open-market purchases of Norwegian Cruise Line common stock, acquiring a total of 1,380,000 shares at weighted-average prices of $18.16 and $18.06 per share. These are cash purchases rather than option exercises or stock awards.

After the transactions, Pagliuca directly holds 1,388,912 shares, indicating that the buys represent a substantial increase in his disclosed position in this filing. The lack of derivative positions in the accompanying data suggests this activity is concentrated in common stock ownership rather than options.

The trades were executed across multiple prices within daily ranges of $17.81–$18.22 and $17.94–$18.45, typical for actively traded shares. The filing characterizes both transactions as open-market purchases, which are generally viewed as voluntary increases in exposure rather than routine compensation events.

Insider Trade Summary

Net Buyer: 1,380,000 shares ($24,992,300)

Net Buy 2 txns

Insider PAGLIUCA STEPHEN G

Role null

Bought 1,380,000 shs ($24.99M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	685,000	$18.06	$12.37M
Purchase	Common Stock	695,000	$18.16	$12.62M

Holdings After Transaction: Common Stock — 1,388,912 shares (Direct, null)

Footnotes (1)

1. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.94 to $18.45, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1). The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.81 to $18.22, inclusive. The reporting person undertakes to provide to NCLH, any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2).

Key Figures

Total shares purchased: 1,380,000 shares June 1 purchase size: 695,000 shares June 1 weighted-average price: $18.16 per share +5 more

8 metrics

Total shares purchased 1,380,000 shares Open-market common stock purchases on June 1 and 2

June 1 purchase size 695,000 shares Common stock bought in open market on June 1 at weighted-average price

June 1 weighted-average price $18.16 per share Open-market purchase price for 695,000 shares on June 1

June 2 purchase size 685,000 shares Common stock bought in open market on June 2 at weighted-average price

June 2 weighted-average price $18.06 per share Open-market purchase price for 685,000 shares on June 2

Post-transaction holdings 1,388,912 shares Director’s direct Norwegian Cruise Line common stock holdings after purchases

June 1 trade price range $17.81–$18.22 Intraday range for multiple trades underlying June 1 weighted-average price

June 2 trade price range $17.94–$18.45 Intraday range for multiple trades underlying June 2 weighted-average price

Key Terms

open-market purchase, weighted-average price, Common Stock, Form 4

4 terms

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

weighted-average price financial

"The price reported in Column 4 is a weighted-average price."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

PAGLIUCA STEPHEN G

(Last) (First) (Middle)

7665 CORPORATE CENTER DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Norwegian Cruise Line Holdings Ltd. [ NCLH ]

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

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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 Stock	06/01/2026		P		695,000	A	$18.16(1)	703,912	D
Common Stock	06/02/2026		P		685,000	A	$18.06(2)	1,388,912	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.94 to $18.45, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1).

2. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.81 to $18.22, inclusive. The reporting person undertakes to provide to NCLH, any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2).

	/s/ Daniel S. Farkas, as attorney-in-fact for Stephen G. Pagliuca	06/03/2026
	** 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)

FAQ

How many Norwegian Cruise Line (NCLH) shares did Stephen Pagliuca buy?

Stephen G. Pagliuca bought a total of 1,380,000 shares of Norwegian Cruise Line common stock. He purchased 695,000 shares on June 1 and 685,000 shares on June 2 in open-market transactions disclosed in the Form 4 filing.

At what prices did Stephen Pagliuca purchase NCLH stock in this Form 4?

Pagliuca’s reported weighted-average purchase prices were $18.16 per share on June 1 and $18.06 per share on June 2. The filing notes these averages reflect multiple trades executed within disclosed intraday price ranges on each date.

What is Stephen Pagliuca’s total NCLH shareholding after these purchases?

After the reported transactions, Stephen G. Pagliuca directly owns 1,388,912 shares of Norwegian Cruise Line common stock. This figure represents his direct holdings following the completion of both open-market purchase days described in the Form 4.

Were Stephen Pagliuca’s NCLH stock purchases open-market transactions?

Yes. The Form 4 classifies both transactions with code P and describes them as open-market purchases. This means Pagliuca bought the shares on the open market or through private transactions, rather than receiving them as grants or exercising options.

What price ranges did Stephen Pagliuca’s NCLH trades cover on each day?

The June 1 trades occurred at prices between $17.81 and $18.22 per share, while June 2 trades ranged from $17.94 to $18.45. The reported prices on the Form 4 are weighted averages across these multiple executions.