Navigator (NYSE: NVGS) CEO discloses stock options in Form 3

Rhea-AI Filing Summary

Navigator Holdings Ltd. Chief Executive Officer Mads Peter Zacho reported his derivative equity holdings in a Form 3 filing. He holds employee share options over 123,488 shares of common stock with an exercise price of 15.4500 per share, exercisable from March 17, 2026 until March 17, 2029. He also holds a second option position over another 123,488 underlying shares at an exercise price of 17.9400, exercisable from April 11, 2027 until April 11, 2030. All positions are reported as directly owned and this filing records holdings rather than new share purchases or sales.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Zacho Mads Peter

(Last) (First) (Middle)

10 BRESSENDEN PLACE

(Street)

LONDON X0 SW1E 5DH

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Navigator Holdings Ltd. [ NVGS ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Share Option (right to buy)	03/17/2026	03/17/2029	Common Stock	123,488	$15.45	D
Employee Share Option (right to buy)	04/11/2027	04/11/2030	Common Stock	123,488	$17.94	D

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ John Reay, attorney-in-fact	03/17/2026
	** 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 5 (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).
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FAQ

What does Navigator Holdings (NVGS) CEO report in this Form 3?

Navigator Holdings CEO Mads Peter Zacho reports existing employee share options, not new trades. The Form 3 lists two option positions over 123,488 shares each, with defined exercise prices and expiration dates, giving transparency into his derivative-based exposure to NVGS common stock.

How many Navigator Holdings (NVGS) shares are covered by the CEO’s options?

The CEO’s reported options each relate to 123,488 underlying NVGS common shares. One option block is tied to a 15.4500 exercise price and another to 17.9400, outlining two sizeable potential equity stakes if exercised in the future.

What are the exercise prices and dates for the NVGS CEO options?

One option position has a 15.4500 exercise price, exercisable from March 17, 2026 to March 17, 2029. The other has a 17.9400 exercise price, exercisable from April 11, 2027 to April 11, 2030, highlighting multi‑year potential equity participation.

Does the Navigator Holdings (NVGS) Form 3 show any stock purchases or sales?

The Form 3 does not show stock purchases or sales by the CEO. It records holdings of employee share options over NVGS common stock, providing an initial statement of his derivative ownership rather than documenting active market transactions.

Is the NVGS CEO’s option ownership direct or through another entity?

The options are reported as directly owned by the CEO. The filing labels the ownership type as direct and includes no footnotes indicating control by a separate trust, partnership, or other related entity for these derivative positions.