Director of Norwegian Cruise Line (NYSE: NCLH) adds 15K shares

Rhea-AI Filing Summary

Norwegian Cruise Line Holdings director Jose E. Cil reported open-market purchases of a total of 15,000 shares of common stock through a trust associated with his family. The trust bought 5,000 shares at a weighted-average price of $15.25 on one day and 10,000 shares at $14.91 on the next day, bringing its indirect holdings to 74,295 shares, while Cil also holds 24,750 shares directly.

Insider Trade Summary

Net Buyer: 15,000 shares ($225,350)

Net Buy 3 txns

Insider Cil Jose E.

Role null

Bought 15,000 shs ($225K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$14.91	$149K
Purchase	Common Stock	5,000	$15.25	$76K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 74,295 shares (Indirect, By Trust); Common Stock — 24,750 shares (Direct, null)

Footnotes (1)

1. Includes shares that the reporting person contributed to a grantor retained annuity trust for the benefit of the reporting person's wife and children in December 2025. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $14.785 to $15.04, 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 (2).

Key Figures

Open-market purchase: 10,000 shares at $14.91 Open-market purchase: 5,000 shares at $15.25 Price range: $14.785–$15.04 +3 more

6 metrics

Open-market purchase 10,000 shares at $14.91 Common Stock bought indirectly by trust

Open-market purchase 5,000 shares at $15.25 Weighted-average price for indirect trust purchase

Price range $14.785–$15.04 Range of prices within weighted-average $15.25 block

Net shares bought 15,000 shares Total open-market purchases reported on this Form 4

Indirect holdings 74,295 shares Common Stock held indirectly by trust after transactions

Direct holdings 24,750 shares Common Stock held directly after reported transactions

Key Terms

open-market purchase, weighted-average price, grantor retained annuity trust, indirect ownership, +1 more

5 terms

open-market purchase financial

"These were open-market transactions, meaning the shares were bought on the market"

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."

grantor retained annuity trust financial

"contributed to a grantor retained annuity trust for the benefit of the reporting person's wife and children"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

indirect ownership financial

"the family trust indirectly holds 74,295 NCLH shares"

directly financial

"the filing shows 24,750 NCLH shares held directly"

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^*

Cil Jose E.

(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)
05/18/2026

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	05/18/2026		P		5,000	A	$15.25	64,295(1)	I	By Trust
Common Stock	05/19/2026		P		10,000	A	$14.91(2)	74,295(1)	I	By Trust
Common Stock								24,750	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. Includes shares that the reporting person contributed to a grantor retained annuity trust for the benefit of the reporting person's wife and children in December 2025.

2. The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $14.785 to $15.04, 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 (2).

	/s/ Daniel S. Farkas, as attorney-in-fact for Jose E. Cil	05/19/2026
	** 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

What insider transaction did NCLH director Jose E. Cil report?

Jose E. Cil reported a net purchase of 15,000 NCLH shares through a family trust. These were open-market transactions, meaning the shares were bought on the market rather than granted as compensation or acquired through option exercises.

At what prices did the NCLH insider buy shares on this Form 4?

The family trust associated with Jose E. Cil bought 10,000 shares at $14.91 and 5,000 shares at a weighted-average $15.25. A footnote states the $15.25 purchase involved multiple trades between $14.785 and $15.04 per share.

How many Norwegian Cruise Line shares does Jose E. Cil now indirectly hold?

After these transactions, the family trust indirectly holds 74,295 NCLH shares. These shares include amounts that Cil previously contributed to a grantor retained annuity trust established in December 2025 for the benefit of his wife and children.

Does Jose E. Cil also hold Norwegian Cruise Line shares directly?

Yes. In addition to the indirect trust holdings, the filing shows 24,750 NCLH shares held directly. The Form 4 distinguishes between direct and indirect ownership, giving investors a clearer picture of Cil’s overall reported position in the company.

What is the total scale of NCLH shares involved in this Form 4?

The filing reflects 15,000 NCLH shares purchased in the open market across two days, all through indirect trust ownership. There were no reported sales, option exercises, gifts, or tax-withholding transactions in this particular Form 4 submission.