VIK files Form 144 to sell 6.2M shares acquired via conversion in May 2024
Rhea-AI Filing Summary
Viking Holdings Ltd (VIK) filed a Form 144 reporting a proposed sale of 6,200,000 ordinary shares (par value $0.01) through BofA Securities, Inc. on the NYSE, with an aggregate market value of $367,164,000 and the approximate date of sale listed as 08/20/2025. The filer states these shares were originally acquired on 05/03/2024 when preference shares automatically converted into ordinary shares, and the filing notes 92,133,600 shares were received in that conversion. No securities were reported sold by the filer in the past three months, and the filer certifies they are not aware of undisclosed material adverse information.
Positive
- Full compliance with Rule 144 disclosure: broker, exchange, volume, value, acquisition date and method are all provided
- Filer attests to no undisclosed material adverse information about the issuer
Negative
- Large prior conversion noted: 92,133,600 ordinary shares were acquired on 05/03/2024 via automatic conversion of preference shares
- Planned sale size and value disclosed: 6,200,000 shares with an aggregate market value of $367,164,000, which introduces potential share supply to the market
Insights
TL;DR: Filing discloses a sizeable planned sale via broker covering 6.2M shares valued at $367.2M, acquired by conversion in May 2024.
The notice is a routine Rule 144 disclosure that identifies the broker, share class, acquisition method and dates, and the timing of the intended sale. Key facts: 6,200,000 shares to be sold on 08/20/2025 through BofA Securities and 92,133,600 shares acquired on 05/03/2024 via automatic conversion of preference shares. The filing contains no information about holdings beyond the stated acquisition amount or any prior sales within three months. For investors, this is a transparent compliance filing rather than an operational disclosure.
TL;DR: The filer fulfilled Rule 144 requirements, confirming acquisition details and attesting no undisclosed material adverse information.
This Form 144 provides the procedural disclosures required for an intended sale by an affiliated or control person. It lists the broker, exchange, acquisition date and method, and the filer’s representation regarding material adverse information. The document does not include any commentary on insider intent beyond the notice nor on any change in issuer operations. As a governance document, it meets disclosure form requirements but does not itself convey new company performance information.