Lindeman Oeyvind 4

What Happened
Lindeman Oeyvind, Chief Commercial Officer of Navigator Holdings Ltd. (NVGS), exercised options to acquire 46,308 shares on 2026-06-18. The exercise price was adjusted to $14.79 per share (total cash cost $684,895). To satisfy tax withholding, 31,562 of the resulting shares were disposed at $22.54 per share, generating $711,407. The filing also records the conversion of the derivative/options into shares.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filed after the typical 2-business-day window for Form 4).
• Option exercise (code M): 46,308 shares acquired at an adjusted exercise price of $14.79 — total $684,895.
• Tax withholding/disposition (code F): 31,562 shares disposed at $22.54 — total $711,407.
• Derivative conversion entry: 46,308 options converted to common shares (recorded at $0 in the derivative line).
• Footnote: The exercise price was adjusted from $15.45 to $14.79 to account for dividends paid by the issuer (per F1).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.

Context
This was an option exercise with immediate tax withholding (common "cashless" or share-withholding practice) rather than an open-market purchase or opportunistic sale; withholding to cover taxes is routine and does not by itself signal the insider’s market view. The late filing (filed 6/23 for a 6/18 transaction) may be noteworthy for compliance monitoring but doesn’t change the transaction facts.