Viking EVP sells shares to cover RSU taxes

Viking Holdings Ltd executive Marnell Richard, EVP of Marketing, reported selling a total of 5,961 ordinary shares on June 1, 2026 in open-market trades around the low-$90 range per share.

Rhea-AI Filing Summary

Viking Holdings Ltd executive Marnell Richard, EVP of Marketing, reported selling a total of 5,961 ordinary shares on June 1, 2026 in open-market trades around the low-$90 range per share. According to the footnotes, these transactions were required "sell to cover" sales to fund tax withholding obligations tied to the vesting and settlement of restricted share units and were not discretionary trades.

After these transactions, Richard continues to hold a substantial equity position, including 109,904 unvested restricted share units and 409 ordinary shares acquired under the Viking Holdings Ltd 2024 Employee Share Purchase Plan as of April 1, 2026.

Insider Trade Summary

Net Seller: 5,961 shares

Net Sell 2 txns

Insider Marnell Richard

Role EVP, Marketing

Sold 5,961 shs ($545K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,949	$91.05	$269K
Sale	Ordinary Shares	3,012	$91.85	$277K

Holdings After Transaction: Ordinary Shares — 128,337 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 $90.61 to $91.58 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 and 409 ordinary shares acquired under the Viking Holdings Ltd 2024 Employee Share Purchase Plan on April 1, 2026. 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 $91.63 to $92.06. The price reported reflects the weighted average sales price.

Key Figures

Shares sold (total): 5,961 shares Block 1 sale price: $91.85 per share Block 2 sale price: $91.05 per share +2 more

5 metrics

Shares sold (total) 5,961 shares Ordinary shares sold on June 1, 2026 to cover taxes

Block 1 sale price $91.85 per share Weighted average price for 3,012 shares sold

Block 2 sale price $91.05 per share Weighted average price for 2,949 shares sold

Unvested RSUs 109,904 RSUs Unvested restricted share units held as of April 1, 2026

ESPP shares 409 shares Ordinary shares acquired under 2024 Employee Share Purchase Plan

Key Terms

restricted share units ("RSUs"), sell to cover, weighted average sales price, Employee Share Purchase Plan

4 terms

restricted share units ("RSUs") financial

"Includes 109,904 unvested RSUs and 409 ordinary shares acquired..."

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."

Employee Share Purchase Plan financial

"acquired under the Viking Holdings Ltd 2024 Employee Share Purchase Plan..."

A program that lets employees buy their employer’s stock, often through regular payroll deductions and sometimes at a discounted price or with matching contributions; think of it as a company-run savings plan that converts part of pay into ownership. It matters to investors because it can increase insider ownership and employee motivation, potentially affecting company performance, and can slightly change share supply when new stock is issued or sold.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Viking Holdings (VIK) report for Marnell Richard?

Marnell Richard, EVP of Marketing at Viking Holdings, reported selling 5,961 ordinary shares on June 1, 2026. These open-market sales were made solely to cover tax withholding obligations related to vesting restricted share units and were not discretionary investment decisions.

At what prices did Marnell Richard’s Viking Holdings (VIK) share sales occur?

The reported sales used weighted average prices of $91.85 and $91.05 per share. Footnotes state individual trades occurred in price ranges between $90.61 and $92.06, reflecting multiple executions aggregated into the disclosed weighted averages.

Why were Viking Holdings (VIK) shares sold by EVP Marnell Richard?

The filing explains the sales were required to cover tax withholding obligations from vesting restricted share units. Viking elected to fund withholding through mandatory "sell to cover" transactions, meaning the trades did not represent discretionary selling by Richard.

Does Marnell Richard still hold Viking Holdings (VIK) equity after these sales?

Yes. The filing notes that Richard’s position includes 109,904 unvested RSUs and 409 ordinary shares acquired under the 2024 Employee Share Purchase Plan as of April 1, 2026, indicating significant ongoing equity exposure.

What are RSUs mentioned in the Viking Holdings (VIK) Form 4 for Marnell Richard?

Restricted share units (RSUs) are compensation awards that convert into ordinary shares when they vest. The filing states each RSU represents a contingent right to receive one Viking Holdings ordinary share upon settlement, and related tax obligations triggered the reported sell-to-cover transactions.

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

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Accepted by SEC EDGAR 06/03/2026 - 04:18 PM EDT Learn about SEC filing dates

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^*

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Marketing

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)		2,949	D	$91.05(2)	131,349(3)	D
Ordinary Shares	06/01/2026		S(1)		3,012	D	$91.85(4)	128,337(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 $90.61 to $91.58 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 and 409 ordinary shares acquired under the Viking Holdings Ltd 2024 Employee Share Purchase Plan on April 1, 2026. 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 $91.63 to $92.06. The price reported reflects the weighted average sales price.

	/s/ Allison Becker, Attorney-in-Fact for Richard Marnell	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)