Hasund Vidar 4

What Happened

• Hasund Vidar, Contracted CFO of Himalaya Shipping Ltd. (HSHP), exercised stock options on 2026-05-22 and acquired 100,000 shares by paying an adjusted exercise price of $6.49 per share (total cash outlay $649,000). The Form 4 also records a matching derivative conversion entry (100,000 shares disposed at $0.00) representing the conversion of option/derivative securities into common stock.

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-27 (filed 5 days after the transaction).
• Reported transactions: Exercise/conversion (code M) — Acquired 100,000 shares @ $6.49 (total $649,000); matching conversion/disposition line 100,000 shares @ $0.00 (derivative conversion).
• Options were fully vested and exercisable per footnotes; original strike price was $8.00, adjusted downward to $6.49 to account for subsequent dividends/cash distributions.
• Shares owned after the transaction: not disclosed on the provided filing.
• Timeliness: Filing appears to be late relative to the standard 2-business-day Form 4 deadline (reported transaction 5 days prior to filing).

Context

• This was an option exercise (conversion of derivative securities) that resulted in the insider acquiring common shares — a cash purchase rather than an open-market sale. The filing shows no immediate sale of the acquired shares. Footnotes clarify the exercise mechanics and the downward adjustment of the exercise price for distributions.