Viking Holdings (VIK) EVP executes 4,610-share sale to cover RSU tax obligations

Rhea-AI Filing Summary

Viking Holdings Ltd executive vice president of sales Hugh Milton reported selling 4,610 ordinary shares in open-market transactions. The sales occurred on ordinary shares at weighted average prices around the low-$90 range on June 1, 2026.

According to the footnotes, these sales were required to cover tax withholding obligations tied to the vesting and settlement of restricted share units, under a mandatory “sell to cover” election, and therefore were not discretionary trades. The filing also notes 109,904 unvested RSUs and 409 ordinary shares acquired under the 2024 Employee Share Purchase Plan, with each RSU representing a contingent right to receive one ordinary share at settlement.

Insights

Equity compensation analyst

These are routine tax-related sales from equity compensation, not discretionary selling.

The filing shows Hugh Milton, EVP of Sales at Viking Holdings Ltd, reporting open-market sales totaling 4,610 ordinary shares around the low-$90 range. Footnotes explain the transactions were mandated to satisfy tax withholding triggered by RSU vesting.

Because the issuer requires a “sell to cover” approach, these trades function like automatic tax payments rather than elective share disposals. The filing also highlights 109,904 unvested RSUs and 409 shares from the 2024 Employee Share Purchase Plan, indicating a continuing equity stake tied to future vesting and participation in employee ownership programs.

Insider Trade Summary

Net Seller: 4,610 shares ($422,434)

Net Sell 2 txns

Insider Hugh Milton

Role EVP, Sales

Sold 4,610 shs ($422K)

Type	Security	Shares	Price	Value
Sale	Ordinary Shares	2,610	$91.40	$239K
Sale	Ordinary Shares	2,000	$91.94	$184K

Holdings After Transaction: Ordinary Shares — 607,571 shares (Direct, null)

Footnotes (1)

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. The sales were executed in multiple trades at prices ranging from $90.83 to $91.81 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). 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. The sales were executed in multiple trades at prices ranging from $91.83 to $92.06. The price reported reflects the weighted average sales price.

Key Figures

Shares sold (trade 1): 2,000 shares Price per share (trade 1): $91.94/share Shares sold (trade 2): 2,610 shares +5 more

8 metrics

Shares sold (trade 1) 2,000 shares Ordinary Shares sold at $91.94 on June 1, 2026

Price per share (trade 1) $91.94/share Weighted average sale price for 2,000 Ordinary Shares

Shares sold (trade 2) 2,610 shares Ordinary Shares sold at $91.40 on June 1, 2026

Price per share (trade 2) $91.40/share Weighted average sale price for 2,610 Ordinary Shares

Total shares sold 4,610 shares Net shares sold per transaction summary

Unvested RSUs 109,904 RSUs Unvested restricted share units held by reporting person

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

Sale price ranges $90.83–$92.06/share Ranges of multiple trades described in footnotes

Key Terms

restricted share units ("RSUs"), sell to cover, weighted average sales price, Employee Share Purchase Plan, +1 more

5 terms

restricted share units ("RSUs") financial

"vesting and settlement of restricted share units ("RSUs"). These sales are mandated"

sell to cover financial

"issuer's election to require 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

"ordinary shares acquired under the Viking Holdings Ltd 2024 Employee Share Purchase Plan on April 1, 2026."

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.

tax withholding obligations financial

"shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting"

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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^*

Hugh Milton

(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, Sales

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)		2,610	D	$91.4(2)	607,571(3)	D
Ordinary Shares	06/01/2026		S(1)		2,000	D	$91.94(4)	605,571(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 $90.83 to $91.81 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 $91.83 to $92.06. The price reported reflects the weighted average sales price.

	/s/ Allison Becker, Attorney-in-Fact for Milton Hugh	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)

FAQ

What insider transaction did Viking Holdings (VIK) report for Hugh Milton?

Viking Holdings reported that EVP of Sales Hugh Milton sold 4,610 ordinary shares. The trades were executed around the low-$90 per share range and were described as open-market sales linked to equity compensation vesting and related tax obligations.

Why did Hugh Milton’s VIK share sales occur according to the Form 4 footnotes?

The footnotes state Milton’s sales were required to cover tax withholding obligations from vesting and settlement of restricted share units. Viking elected a mandatory “sell to cover” approach, so these transactions are characterized as tax-driven rather than discretionary investment decisions.

At what prices were the Viking Holdings (VIK) insider sales executed?

The Form 4 shows weighted average prices of about $91.94 and $91.40 per share. Footnotes add that multiple trades occurred in ranges from $90.83 to $91.81 and from $91.83 to $92.06, with the reported figures reflecting weighted average sale prices.

How many Viking Holdings (VIK) shares did Hugh Milton sell in this Form 4 filing?

The transaction summary shows cumulative insider sales of 4,610 ordinary shares. These came from two open-market sale entries on the same date, both tied to satisfying tax withholding obligations associated with the vesting of restricted share units granted as compensation.

What ongoing equity awards does Hugh Milton hold at Viking Holdings (VIK)?

A footnote explains that Milton’s holdings include 109,904 unvested restricted share units and 409 ordinary shares acquired under the Viking Holdings Ltd 2024 Employee Share Purchase Plan. Each RSU represents a contingent right to receive one ordinary share upon settlement, supporting continued equity exposure.

Do the reported VIK insider sales represent discretionary selling by Hugh Milton?

The filing specifies that these transactions do not represent discretionary trades. They were mandated by Viking’s election to fund tax withholding obligations from RSU vesting through “sell to cover” transactions, effectively treating the sales as automatic tax settlements rather than voluntary share disposals.