Himalaya Shipping Ltd. Chairman Bjorn Isaksen exercised 150,000 share options and sold 300,000 shares to Drew Holdings Limited, a related party, at NOK 127.96 per share.
Key takeaways
Chairman Bjorn Isaksen exercised 150,000 share options at a strike price of US$ 6.70 per share.
Mr. Isaksen sold 300,000 shares at an average price of NOK 127.96 per share.
The buyer, Drew Holdings Limited, is wholly owned by a trust for Mr. Tor Olav Trøim and his family.
Following the transactions, Mr. Isaksen and close associates own 300,000 shares directly.
Mr. Isaksen holds an additional 200,000 shares under a forward purchase agreement with Drew Holdings Limited.