[144] Viking Holdings Ltd SEC Filing

Rhea-AI Filing Summary

Viking Holdings Ltd (VIK) – Form 144 filing (Notice of Proposed Sale of Securities)

The filing discloses that an insider intends to sell 25,000 ordinary shares under Rule 144 through broker Morgan Stanley Smith Barney on or about 24 June 2025. At the most recent market price used in the form, the transaction is valued at US$1.24 million. The shares represent less than 0.01 % of the company’s roughly 314.9 million shares outstanding, indicating a limited dilution or control impact.

All 25,000 shares were originally acquired as restricted stock units (RSUs) on 30 Apr 2024. The filer has been an active seller: the form lists two prior 10b5-1 plan sales within the last three months—75,000 shares on 12 Jun 2025 for US$3.55 million and 25,000 shares on 16 Jun 2025 for US$1.20 million—bringing cumulative recent dispositions to 100,000 shares worth ~US$4.75 million. The Rule 10b5-1 framework suggests the trades were pre-scheduled, reducing the likelihood of trading on undisclosed information.

From an ownership‐change perspective, the incremental sale is immaterial to total float but may still be interpreted by some investors as a negative sentiment signal given the accelerating pace of insider sales. There is no indication in the filing of any material adverse information known by the seller, nor is there any mention of new equity issuance by the company itself. Overall, the disclosure is routine and should not materially affect Viking Holdings’ capital structure, liquidity, or operational outlook.

Positive

• Sale executed under a Rule 10b5-1 plan, indicating pre-scheduled trading and reducing insider-information concerns.
• Disposal represents less than 0.01 % of total shares outstanding, posing no dilution or control risks.

Negative

• Continued insider selling (100 k shares over three months) may signal reduced management confidence.
• Aggregate insider proceeds of ~US$4.75 million in a short period could create negative perception among momentum-sensitive investors.

Insights

Corporate Governance & Insider-Transaction Specialist

TL;DR: Small Rule 144 sale (~0.01 % float) under 10b5-1; governance-neutral but signals modest insider profit-taking.

The proposed 25 k-share sale is immaterial to Viking’s share count and is executed through a 10b5-1 plan, which mitigates information-asymmetry concerns. Combined with the two prior June sales, the insider has sold 100 k shares in three months—still <0.04 % of outstanding stock. While repeated selling can be perceived negatively, the low percentage and pre-planned nature reduce governance risk. No red flags such as margin calls, pledging, or concentrated ownership shifts are evident.

Buy-side Portfolio Manager

TL;DR: Transaction size immaterial; I view the filing as neutral with slight negative sentiment optics.

At US$1.2 million, today’s planned sale will not move VIK’s valuation or liquidity metrics. The cumulative three-month insider disposals equal roughly one hour of average daily trading volume, so market impact is negligible. However, serial sales during a short window can weigh on sentiment if broader fundamentals weaken. Investors should monitor whether additional insiders follow suit, but on its own the filing does not change my model assumptions or position sizing.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Ordinary	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	25000	1242500.00	314950576	06/24/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Ordinary	04/30/2024	Restricted Stock Units	Issuer			25000	04/30/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JEFFREY DASH 94 Pitts Bay Road Pembroke D0 HM 08	Ordinary	06/16/2025	25000	1201365.00
10b5-1 Sales for JEFFREY DASH 94 Pitts Bay Road Pembroke D0 HM 08	Ordinary	06/12/2025	75000	3547077.50

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Viking Holdings (VIK) shares are being sold in this Form 144?

The insider proposes to sell 25,000 ordinary shares.

What is the market value of the shares covered by the filing?

The aggregate market value listed is US$1.24 million.

When is the planned sale date for the VIK shares?

The approximate sale date is 24 June 2025.

How many VIK shares has the insider sold recently?

Including this notice, the insider has disclosed sales totaling 125,000 shares in the past three months.

What percentage of Viking Holdings’ outstanding shares does the 25,000-share sale represent?

It represents less than 0.01 % of the company’s ~314.95 million shares outstanding.

Which broker is handling the sale?

Morgan Stanley Smith Barney LLC, Executive Financial Services division.