HSHP · Himalaya Shipping Ltd.

Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement on June 15, 2026 at a price of $7.13 per share, to be adjusted by 5% interest less any dividends paid between November 11, 2024 and the settlement date.

Cash settlement at $15.22 per share of 200,000 shares under the forward purchase agreement less the agreed price of $6.65 per share ($7.13 per share adjusted by 5% interest less dividends paid between November 11, 2024 and settlement date).

Forward purchase agreement with Drew Holdings Ltd. to purchase common shares for settlement on June 17, 2029 at a price of $15.22 per share, to be adjusted by 6% interest less any dividends paid between June 17, 2026 and the settlement date.

The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock.

The options are fully vested and currently exercisable. The original option grant strike price of $8.00 has been adjusted downward to $6.49 per share to accurately account for successive dividends and cash distributions declared by the Issuer subsequent to the original date of grant.

The options are fully vested and currently exercisable. The original option grant strike price of $8.00 has been adjusted downward to $6.49 per share to accurately account for successive dividends and cash distributions declared by the Issuer subsequent to the original date of grant.

The options are fully vested and currently exercisable. The exercise price shown on this form reflects the original grant price as adjusted downward for dividends and/or cash distributions declared subsequent to the date of grant.

The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock.

The transactions reported on this Form 4 represent the exercise of outstanding stock options and the subsequent acquisition of the underlying Common Stock.

The options are fully vested and currently exercisable. The original option grant strike price of $8.00 has been adjusted downward to $6.49 per share to accurately account for successive dividends and cash distributions declared by the Issuer subsequent to the original date of grant.

300,000 shares sold to Drew Holdings Ltd.

Represent Norwegian Krone (NOK) 127.96 per share, converted to U.S. Dollars (USD) based on the foreign exchange rate as of April 9, 2026 (at USD 1.00 = NOK 9.52).

The exercise price of the share options was USD 6.70 at the date of the transaction, reflecting a reduction from USD 8.00 as a result of dividends and/or cash distributions declared after the date of grant.