Insider trade

Officer purchased ~$100K of NCLH shares in the open market

Traded Nov 25, 2025 · Filed Nov 25, 2025

~$100K
Reported value · 5,550 sh @ $17.942: 145K
Holds after · shares reported: -20.2%
stock since the trade · S&P 500 +13.2%, $18.35 → $14.64 on Oct 1

Why it stands out

Norwegian Cruise Line Holdings's Chief Vessel Ops & NO spent $100K of their very own money to buy Norwegian Cruise Line Holdings shares. 6 other people at Norwegian Cruise Line Holdings bought some too, in the same month.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 25, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 25, 2025

Officer$25K–$100KHoldings +4%7 insiders bought in 30d

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$99,578

Shares × reported transaction price

Size band

$25K–$100K

Ownership change

+4.0%

Purchase shares ÷ estimated pre-transaction holdings, from the filing

Rarity

Not enough history to judge

Confirmed open-market purchases by the same insider in the available history

Cluster activity

7 distinct insiders in 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Size vs officer pay

This purchase equals about 1.9% of the average reported total pay of the company's named executive officers other than the CEO, fiscal 2024 ($5.19M)

An average across the officers named in the pay versus performance table of the company's proxy statement (DEF 14A), filed 2026-04-30. This person may not be one of them, so it is not their own pay. A size comparison, not a judgement

Timing vs results

21 days after results of Nov 4, 2025, 79 days before results of Feb 12, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $18.35 on Nov 25, 2025, 18% above its 52-week low and 37% below its high, after a 23% drop over the previous 30 trading days

52-week range $15.50 (Apr 7, 2025) to $29.07 (Jan 30, 2025), 21% of the way up, from 250 adjusted closes. 30 trading days earlier: $23.75 on Oct 14, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+2.7%	+0.6%	+2.1%
30 days	+24.4%	+1.6%	+22.9%
90 days	+30.7%	+1.1%	+29.6%
180 days	-6.7%	+10.4%	-17.1%

Past results only. Not a forecast.

Source receipt

Record ID: 0001104659-25-115961
Filed / recorded: Nov 25, 2025, 9:15 PM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Norwegian Cruise Line Holdings Ltd.
Issuer CIK: 1513761
Ticker: NCLH
Reporting person: Patrik Dahlgren
Relationship: Officer
Officer title: EVP, Chief Vessel Ops & NO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 25, 2025
Transaction code: P
Shares / units: 5,550
Price per share: $17.942
Acquired / disposed: Acquired (A)
Shares owned after: 144,817
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.91 to $17.96, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1).