2,000 Carnival PLC (CUK) Trust Shares canceled in DLC unification move

Rhea-AI Filing Summary

CARNIVAL PLC insider Richard L. Kohan reported a restructuring of Trust Shares linked to Carnival plc’s dual-listed company structure. On May 7, 2026, in connection with the DLC Unification and Redomiciliation, a total of 2,000 Trust Shares of beneficial interests in the P&O Princess Special Voting Trust attributed to him were surrendered to Carnival plc for no consideration and then canceled, leaving zero Trust Shares reported as held. According to the disclosure, he did not dispose of any Carnival Corporation common stock in this transaction.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kohan Richard L.

Role null

Type	Security	Shares	Price	Value
Other	Trust Shares (representing a beneficial interest)	1,000	$0.00	--
Other	Trust Shares (representing a beneficial interest)	1,000	$0.00	--

Holdings After Transaction: Trust Shares (representing a beneficial interest) — 0 shares (Direct, null); Trust Shares (representing a beneficial interest) — 0 shares (Indirect, By Spouse)

Footnotes (1)

1. The reporting person may be deemed a member of a Section 13(d) group that owns more than 10% of the trust shares ("Trust Shares") of beneficial interests in P&O Princess Special Voting Trust (the "Trust") and an interest in the Carnival plc special voting share. However, the reporting person disclaims such group membership, and this report shall not be deemed an admission that the reporting person is a member of a Section 13(d) group that owns more than 10% of the Trust Shares and an interest in the Carnival plc special voting share for purposes of Section 16 or for any other purpose. Represents Trust Shares of beneficial interests in the Trust. In connection with the dual listed company transaction between Carnival plc (formerly known as P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Following the completion of the DLC Transaction, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share. On May 7, 2026, Carnival Corporation and Carnival plc completed the previously announced DLC Unification and Redomiciliation Transactions (the "DLC Unification and Redomiciliation"), pursuant to which Carnival plc became a wholly-owned subsidiary of Carnival Corporation Ltd. In connection with the consummation of the DLC Unification and Redomiciliation, the Trust Shares beneficially owned by the Reporting Person were surrendered to Carnival plc for no consideration, and then canceled. The Reporting Person did not dispose of any Carnival Corporation securities in connection with the DLC Unification and Redomiciliation.

Key Figures

Trust Shares restructured: 2,000 Trust Shares Indirect Trust Shares: 1,000 Trust Shares Direct Trust Shares: 1,000 Trust Shares +4 more

7 metrics

Trust Shares restructured 2,000 Trust Shares Restructuring shares per transactionSummary on May 7, 2026

Indirect Trust Shares 1,000 Trust Shares Held indirectly by spouse before surrender on May 7, 2026

Direct Trust Shares 1,000 Trust Shares Held directly before surrender on May 7, 2026

Price per Trust Share $0.00 per share Trust Shares surrendered for no consideration

Trust Shares after transaction 0 Trust Shares Total shares following each transaction row

Transaction code J Other acquisition or disposition / restructuring event

Restructuring events 2 transactions Two non-derivative J-code entries on May 7, 2026

Key Terms

Trust Shares, P&O Princess Special Voting Trust, dual listed company transaction, DLC Unification and Redomiciliation, +2 more

6 terms

Trust Shares financial

"Represents Trust Shares of beneficial interests in the Trust."

P&O Princess Special Voting Trust financial

"beneficial interests in P&O Princess Special Voting Trust (the "Trust")"

dual listed company transaction financial

"In connection with the dual listed company transaction between Carnival plc..."

DLC Unification and Redomiciliation financial

"completed the previously announced DLC Unification and Redomiciliation Transactions"

Section 13(d) group regulatory

"may be deemed a member of a Section 13(d) group that owns more than 10%"

special voting share financial

"an interest in the Carnival plc special voting share."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kohan Richard L.

(Last) (First) (Middle)

TWO ALHAMBRA PLAZA

SUITE 1040

(Street)

CORAL GABLES FLORIDA 33134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CARNIVAL PLC [ CUK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			See footnote (1).

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Trust Shares (representing a beneficial interest)(2)	05/07/2026		J(3)		1,000	D	(3)	0	D(1)
Trust Shares (representing a beneficial interest)(2)	05/07/2026		J(3)		1,000	D	(3)	0	I(1)	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person may be deemed a member of a Section 13(d) group that owns more than 10% of the trust shares ("Trust Shares") of beneficial interests in P&O Princess Special Voting Trust (the "Trust") and an interest in the Carnival plc special voting share. However, the reporting person disclaims such group membership, and this report shall not be deemed an admission that the reporting person is a member of a Section 13(d) group that owns more than 10% of the Trust Shares and an interest in the Carnival plc special voting share for purposes of Section 16 or for any other purpose.

2. Represents Trust Shares of beneficial interests in the Trust. In connection with the dual listed company transaction between Carnival plc (formerly known as P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Following the completion of the DLC Transaction, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.

3. On May 7, 2026, Carnival Corporation and Carnival plc completed the previously announced DLC Unification and Redomiciliation Transactions (the "DLC Unification and Redomiciliation"), pursuant to which Carnival plc became a wholly-owned subsidiary of Carnival Corporation Ltd. In connection with the consummation of the DLC Unification and Redomiciliation, the Trust Shares beneficially owned by the Reporting Person were surrendered to Carnival plc for no consideration, and then canceled. The Reporting Person did not dispose of any Carnival Corporation securities in connection with the DLC Unification and Redomiciliation.

	/s/ Richard L. Kohan	05/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CUK’s Richard L. Kohan report on May 7, 2026?

Richard L. Kohan reported a restructuring involving 2,000 Trust Shares of beneficial interests in a special voting trust. These Trust Shares were surrendered to Carnival plc for no consideration and then canceled as part of the DLC Unification and Redomiciliation.

How many Trust Shares were affected in the CUK Form 4 for Richard L. Kohan?

The filing shows 2,000 Trust Shares were affected in total, split between 1,000 indirect Trust Shares held by his spouse and 1,000 directly held. After the transaction, the reported Trust Share holdings were reduced to zero for this security.

Did Richard L. Kohan sell any Carnival Corporation common stock in this CUK filing?

No, the filing states he did not dispose of any Carnival Corporation securities. Only Trust Shares representing beneficial interests in a Carnival plc special voting share were surrendered and canceled in connection with the DLC Unification and Redomiciliation transactions.

What are the Trust Shares referenced in the CUK Form 4 for Richard L. Kohan?

The Trust Shares represent beneficial interests in P&O Princess Special Voting Trust, which holds a special voting share of Carnival plc. These Trust Shares were originally paired with Carnival Corporation common stock as part of the dual listed company structure created in the earlier DLC transaction.

Why were the Trust Shares canceled in Richard L. Kohan’s CUK Form 4?

The Trust Shares were surrendered and canceled in connection with the DLC Unification and Redomiciliation, under which Carnival plc became a wholly owned subsidiary of Carnival Corporation Ltd. This corporate restructuring removed the prior dual listed structure and eliminated the related Trust Shares.