Navigator Holdings (NVGS) COO sells 25,000 shares in open-market trade

Rhea-AI Filing Summary

Navigator Holdings Ltd. Chief Operating Officer Michael Schroder reported an open-market sale of 25,000 shares of common stock on May 20, 2026 at an average price of $23.631 per share. Following this transaction, he directly holds 5,000 shares of Navigator common stock.

Insights

Insider trading and governance analyst

Navigator's COO executed a sizable open-market share sale, leaving a smaller remaining direct stake.

Chief Operating Officer Michael Schroder completed an open-market sale of 25,000 shares of Navigator Holdings Ltd. common stock at $23.631 per share. This is a discretionary sale (code S), not a grant, tax withholding, or option exercise.

After the transaction, Schroder directly holds 5,000 shares, so most of his directly reported position was sold in this filing. The data show no related derivative exercises or remaining derivative positions. The filing does not indicate use of a pre-arranged trading plan, so the timing appears discretionary.

The transaction is a clear net sale (25,000 shares) but its broader significance depends on Navigator's total share count and Schroder's overall economic exposure through any indirect holdings or compensation, which are not detailed here.

Insider Trade Summary

Net Seller: 25,000 shares ($590,775)

Net Sell 1 txn

Insider Schroder Michael

Role Chief Operating Officer

Sold 25,000 shs ($591K)

Type	Security	Shares	Price	Value
Sale	Common Stock	25,000	$23.631	$591K

Holdings After Transaction: Common Stock — 5,000 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 25,000 shares Sale price: $23.631 per share Shares held after sale: 5,000 shares +1 more

4 metrics

Shares sold 25,000 shares Open-market sale of common stock on May 20, 2026

Sale price $23.631 per share Average price for the 25,000 shares sold

Shares held after sale 5,000 shares Directly owned Navigator common stock post-transaction

Net share direction -25,000 shares Net-sell activity in this Form 4

Key Terms

open-market sale, non-derivative, Form 4, transaction code S

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

""transaction_type": "non-derivative""

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.

transaction code S regulatory

""transaction_code": "S""

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^*

Schroder Michael

(Last) (First) (Middle)

10 BRESSENDEN PLACE

(Street)

LONDON UNITED KINGDOM SW1E 5DH

(City) (State) (Zip)

UNITED KINGDOM

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		S		25,000	D	$23.631	5,000	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

Explanation of Responses:

	/s/ John Reay, attorney-in-fact	05/22/2026
	** 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 did Navigator Holdings (NVGS) COO Michael Schroder report in this Form 4?

Navigator Holdings COO Michael Schroder reported selling 25,000 shares of common stock in an open-market transaction. The shares were sold at an average price of $23.631 per share, and the filing shows this was a discretionary sale coded as an open-market transaction.

How many Navigator Holdings (NVGS) shares did the COO sell and at what price?

Michael Schroder sold 25,000 shares of Navigator Holdings common stock at an average price of $23.631 per share. The sale was recorded as a non-derivative open-market transaction and represents a substantial portion of his directly reported shareholding.

How many Navigator Holdings (NVGS) shares does the COO hold after this transaction?

After selling 25,000 shares, Michael Schroder directly holds 5,000 Navigator Holdings common shares. This post-transaction balance means most of his previously reported direct ownership was sold in the reported open-market transaction on May 20, 2026.

Was the Navigator Holdings (NVGS) COO transaction a buy, sale, or option exercise?

The filing reports a sale by the COO, not a purchase or option exercise. It is coded as an open-market sale (transaction code S) of non-derivative common stock, indicating a straightforward discretionary disposition of existing shares.

Does the Navigator Holdings (NVGS) Form 4 show any option or derivative activity?

The Form 4 shows no option exercises or derivative transactions for Michael Schroder. All reported activity involves non-derivative common stock, and the derivative position summary is empty, indicating no remaining derivative holdings disclosed in this specific filing.