Tax-driven share sales by Viking (NYSE: VIK) CFO after RSU vesting

Rhea-AI Filing Summary

Viking Holdings Ltd Chief Financial Officer Linh Banh reported mandated share sales tied to RSU vesting. On ordinary shares of Viking, Banh sold a total of 5,961 shares in two open-market transactions on June 1, 2026 at weighted average prices around the low $90s per share.

According to the disclosure, these sales were required to cover tax withholding obligations from the vesting and settlement of restricted share units under a "sell to cover" arrangement elected by the company, and therefore are not discretionary trades. Footnotes also note price ranges between $90.51 and $92.06 per share and that Banh continues to hold a substantial remaining equity position, including unvested RSUs.

Insider Trade Summary

Net Seller: 5,961 shares

Net Sell 2 txns

Insider Banh Linh

Role Chief Financial Officer

Sold 5,961 shs ($545K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,481	$90.92	$226K
Sale	Ordinary Shares	3,480	$91.82	$320K

Holdings After Transaction: Ordinary Shares — 127,440 shares (Direct)

Footnotes (4)

1. F1. The sales reported in this Form 4 represent ordinary shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted share units ("RSUs"). These sales are mandated by the issuer's election to require tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the reporting person.
2. F2. The sales were executed in multiple trades at prices ranging from $90.51 to $91.44 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 ranges set forth in footnotes (2) and (4).
3. F3. Includes 109,904 unvested RSUs. Each RSU represents a contingent right to receive, at settlement, one ordinary share.
4. F4. The sales were executed in multiple trades at prices ranging from $91.52 to $92.06. The price reported reflects the weighted average sales price.

Key Figures

Shares sold (trade 1): 3,480 shares Shares sold (trade 2): 2,481 shares Total shares sold: 5,961 shares +3 more

6 metrics

Shares sold (trade 1) 3,480 shares Ordinary shares sold on June 1, 2026 at $91.82 per share

Shares sold (trade 2) 2,481 shares Ordinary shares sold on June 1, 2026 at $90.92 per share

Total shares sold 5,961 shares Net shares sold in mandated tax-related transactions

Price range trade 1 $90.51–$91.44 per share Multiple executions; weighted average price reported

Price range trade 2 $91.52–$92.06 per share Multiple executions; weighted average price reported

Unvested RSUs 109,904 RSUs Each RSU represents a contingent right to one ordinary share

Key Terms

restricted share units, sell to cover, weighted average sales price, ordinary shares

4 terms

restricted share units financial

"vesting and settlement of restricted share units ("RSUs")"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

sell to cover financial

"tax withholding obligations to be funded by a "sell to cover" transaction"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

weighted average sales price financial

"The price reported reflects the weighted average sales price."

ordinary shares financial

"The sales reported in this Form 4 represent ordinary shares required to be sold"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/03/2026 - 04:19 PM Accepted by SEC EDGAR 06/03/2026 - 04:19 PM Learn about SEC filing dates

FAQ

What did Viking Holdings (VIK) CFO Linh Banh report in the latest Form 4?

Viking Holdings CFO Linh Banh reported selling 5,961 ordinary shares. The transactions were executed on June 1, 2026 and are described as mandated sales to cover tax withholding due on vesting and settlement of restricted share units, rather than discretionary trading activity.

Why did the Viking (VIK) CFO sell 5,961 shares of ordinary stock?

The 5,961 shares were sold to fund tax withholding obligations related to vesting RSUs. Viking elected a “sell to cover” method, which requires automatic sales of sufficient shares to pay taxes, so these trades were not discretionary decisions by the CFO to reduce holdings.

At what prices were the Viking (VIK) CFO’s tax-related share sales executed?

The reported weighted average sale prices were about $91.82 and $90.92 per share. Footnotes state the individual trades occurred in ranges of $90.51–$91.44 and $91.52–$92.06, reflecting multiple executions within each transaction’s overall price band.

How many Viking (VIK) shares did the CFO still have exposure to after these Form 4 sales?

The Form 4 indicates the CFO retains a substantial position in Viking ordinary shares and equity awards. A footnote specifies 109,904 unvested restricted share units remain outstanding, each RSU representing a contingent right to receive one ordinary share upon settlement.

Do the Viking (VIK) CFO’s Form 4 share sales indicate a change in sentiment?

The filing characterizes the transactions as mandatory “sell to cover” sales for taxes on RSU vesting. Because they are driven by withholding obligations and issuer elections, rather than discretionary portfolio decisions, they carry limited informational value about the CFO’s view of Viking’s prospects.

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^*

Banh Linh

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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
Ordinary Shares	06/01/2026		S(1)		2,481	D	$90.92(2)	130,920(3)	D
Ordinary Shares	06/01/2026		S(1)		3,480	D	$91.82(4)	127,440(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 represent ordinary shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of restricted share units ("RSUs"). These sales are mandated by the issuer's election to require tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the reporting person.

2. The sales were executed in multiple trades at prices ranging from $90.51 to $91.44 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 ranges set forth in footnotes (2) and (4).

3. Includes 109,904 unvested 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 $91.52 to $92.06. The price reported reflects the weighted average sales price.

	/s/ Allison Becker, Attorney-in-Fact for Linh Banh	06/03/2026
	** 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)