STOCK TITAN

Viking (VIK) EVP Richard Marnell sells 17,566 shares under Rule 10b5-1 trading plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Viking Holdings Ltd executive Richard Marnell reported open-market sales of 17,566 ordinary shares of Viking (VIK). The EVP, Marketing sold these shares across eight transactions on June 12–16, 2026 at prices generally in the low- to mid-$90s per share, with several trades executed in multiple lots at weighted average prices.

Following these sales, he directly holds 110,771 ordinary shares, and a footnote states this figure includes 109,904 unvested restricted share units, each representing a contingent right to one ordinary share. The filing notes that all sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted on March 13, 2026, indicating the transactions were scheduled in advance.

Positive

  • None.

Negative

  • None.

Insights

Pre-planned, modest net share sale by Viking executive under 10b5-1 plan.

The reporting person, Viking’s EVP of Marketing, sold 17,566 ordinary shares over several days at prices around the low- to mid-$90s. All trades were coded as open-market sales, and the filing’s summary confirms a net-sell direction.

After these transactions, he still directly holds 110,771 ordinary shares, and a footnote explains this amount includes 109,904 unvested RSUs that settle into ordinary shares upon vesting. This indicates the executive retains a substantial equity position despite the sales.

The filing specifies that the sales were executed pursuant to a Rule 10b5-1 trading plan adopted on March 13, 2026. Such pre-arranged plans are typically established in advance and can make the timing of individual trades less informative about the insider’s short-term view of the stock. Overall, the pattern appears routine rather than thesis-changing.

Insider Marnell Richard
Role EVP, Marketing
Sold 17,566 shs ($1.64M)
Type Security Shares Price Value
Sale Ordinary Shares 145 $94.59 $14K
Sale Ordinary Shares 14 $95.50 $1K
Sale Ordinary Shares 4,200 $94.03 $395K
Sale Ordinary Shares 1,820 $94.84 $173K
Sale Ordinary Shares 100 $96.05 $10K
Sale Ordinary Shares 6,687 $92.41 $618K
Sale Ordinary Shares 4,200 $93.38 $392K
Sale Ordinary Shares 400 $94.65 $38K
Holdings After Transaction: Ordinary Shares — 110,785 shares (Direct, null)
Footnotes (1)
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2026. The sales were executed in multiple trades at prices ranging from $91.97 to $92.91 per share. The price reported reflects the weighted average sales price. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each price within the range set forth in footnotes (2), (4), (5), (6), (7), (8) and (9). Includes 109,904 unvested restricted share units ("RSUs"). Each RSU represents a contingent right to receive, at settlement, one ordinary share. The sales were executed in multiple trades at prices ranging from $92.97 to $93.79 per share. The price reported reflects the weighted average sales price. The sales were executed in multiple trades at prices ranging from $94.49 to $94.81 per share. The price reported reflects the weighted average sales price. The sales were executed in multiple trades at prices ranging from $93.56 to $94.52 per share. The price reported reflects the weighted average sales price. The sales were executed in multiple trades at prices ranging from $94.57 to $95.55 per share. The price reported reflects the weighted average sales price. The sales were executed in multiple trades at prices ranging from $94.10 to $94.96 per share. The price reported reflects the weighted average sales price. The sales were executed in multiple trades at prices ranging from $95.10 to $95.89 per share. The price reported reflects the weighted average sales price.
Shares sold 17,566 shares Aggregate open-market sales of ordinary shares in June 2026
Post-transaction direct holdings 110,771 shares Ordinary shares directly held after reported sales
Unvested RSUs included 109,904 RSUs Unvested restricted share units included in reported holdings
Example sale price $92.41 per share One reported weighted average sales price on June 12, 2026
Highest listed sale price $96.05 per share Weighted average price for a 100-share sale on June 15, 2026
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted share units ("RSUs") financial
"Includes 109,904 unvested restricted share units ("RSUs"). Each RSU represents a contingent right to receive, at settlement, one ordinary share."
weighted average sales price financial
"The price reported reflects the weighted average sales price."
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.
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SEC Form 4
FORM 4UNITED 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).
X
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*
Marnell Richard

(Last)(First)(Middle)
5700 CANOGA AVENUE

(Street)
WOODLAND HILLS CALIFORNIA 91367

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Viking Holdings Ltd [ VIK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Marketing
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Ordinary Shares06/12/2026S(1)6,687D$92.41(2)121,650(3)D
Ordinary Shares06/12/2026S(1)4,200D$93.38(4)117,450(3)D
Ordinary Shares06/12/2026S(1)400D$94.65(5)117,050(3)D
Ordinary Shares06/15/2026S(1)4,200D$94.03(6)112,850(3)D
Ordinary Shares06/15/2026S(1)1,820D$94.84(7)111,030(3)D
Ordinary Shares06/15/2026S(1)100D$96.05110,930(3)D
Ordinary Shares06/16/2026S(1)145D$94.59(8)110,785(3)D
Ordinary Shares06/16/2026S(1)14D$95.5(9)110,771(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2026.
2. The sales were executed in multiple trades at prices ranging from $91.97 to $92.91 per share. The price reported reflects the weighted average sales price. The reporting person undertakes to provide to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each price within the range set forth in footnotes (2), (4), (5), (6), (7), (8) and (9).
3. Includes 109,904 unvested restricted share units ("RSUs"). Each RSU represents a contingent right to receive, at settlement, one ordinary share.
4. The sales were executed in multiple trades at prices ranging from $92.97 to $93.79 per share. The price reported reflects the weighted average sales price.
5. The sales were executed in multiple trades at prices ranging from $94.49 to $94.81 per share. The price reported reflects the weighted average sales price.
6. The sales were executed in multiple trades at prices ranging from $93.56 to $94.52 per share. The price reported reflects the weighted average sales price.
7. The sales were executed in multiple trades at prices ranging from $94.57 to $95.55 per share. The price reported reflects the weighted average sales price.
8. The sales were executed in multiple trades at prices ranging from $94.10 to $94.96 per share. The price reported reflects the weighted average sales price.
9. The sales were executed in multiple trades at prices ranging from $95.10 to $95.89 per share. The price reported reflects the weighted average sales price.
/s/ Allison Becker, Attorney-in-Fact for Richard Marnell06/16/2026
** Signature of Reporting PersonDate
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 Viking (VIK) shares did Richard Marnell sell in this Form 4?

Richard Marnell reported selling 17,566 ordinary shares of Viking Holdings Ltd in this Form 4. The transactions occurred over several days and were coded as open-market sales, reflecting a net reduction in his directly held share position.

Over what dates did Viking (VIK) executive Richard Marnell sell shares?

The reported sales by Richard Marnell took place on June 12, 15, and 16, 2026. Multiple open-market transactions were executed on each of these dates, with prices in the low- to mid-$90s range according to the filing’s transaction details and footnotes.

What was the price range for Richard Marnell’s Viking (VIK) share sales?

Footnotes state that the sales were executed in multiple trades at prices ranging from about $91.97 to $95.89 per share. The reported transaction prices in the table are weighted average sales prices within these ranges rather than individual trade prices.

How many Viking (VIK) shares does Richard Marnell hold after these transactions?

After the reported sales, Richard Marnell directly holds 110,771 ordinary shares of Viking Holdings Ltd. A footnote explains this figure includes 109,904 unvested restricted share units (RSUs), each representing a contingent right to receive one ordinary share upon settlement.

Were Richard Marnell’s Viking (VIK) share sales made under a Rule 10b5-1 plan?

Yes. A footnote explains that the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Richard Marnell on March 13, 2026. Such pre-arranged plans schedule trades in advance under predetermined instructions.

What type of security did Richard Marnell trade in Viking (VIK)?

All transactions in this Form 4 involve ordinary shares of Viking Holdings Ltd. The filing also notes that his post-transaction holdings include unvested restricted share units (RSUs), each providing a contingent right to receive one ordinary share at settlement.