Trust tied to Carnival PLC (NYSE: CUK) cancels 80,736,445 shares

Rhea-AI Filing Summary

Nickel 2015-94 B Trust, a holder of trust shares linked to Carnival PLC’s special voting share, reported an issuer disposition of 80,736,445 Trust Shares on May 7, 2026. These Trust Shares represented beneficial interests in a special voting share issued in connection with the historic dual listed company structure between Carnival plc and Carnival Corporation.

As part of the completed DLC Unification and Redomiciliation, the Trust surrendered all of its Trust Shares to Carnival plc for no consideration, and the shares were then canceled. The footnotes state that the Reporting Person did not dispose of any Carnival Corporation common stock in connection with this transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Nickel 2015-94 B Trust

Role null

Type	Security	Shares	Price	Value
Disposition	Trust Shares (Beneficial Interest in Special Voting Share)	80,736,445	$0.00	--

Holdings After Transaction: Trust Shares (Beneficial Interest in Special Voting Share) — 0 shares (Direct, null)

Footnotes (1)

1. Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (fka 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"). Since completion of the DLC transaction on April 17, 2003, 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 disposed: 80,736,445 shares Price per Trust Share: $0.0000 Shares after transaction: 0 shares

3 metrics

Trust Shares disposed 80,736,445 shares Issuer disposition of Trust Shares on May 7, 2026

Price per Trust Share $0.0000 Surrender of Trust Shares to Carnival plc for no consideration

Shares after transaction 0 shares Trust Shares held by Reporting Person following disposition

Key Terms

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

4 terms

Trust Shares financial

"Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust"

P&O Princess Voting Trust financial

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

dual listed company transaction financial

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

DLC Unification and Redomiciliation financial

"completed the previously announced DLC Unification and Redomiciliation Transactions"

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^*

Nickel 2015-94 B Trust

(Last) (First) (Middle)

1313 NORTH MARKET STREET

(Street)

WILMINGTON DELAWARE 19801

(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 remarks

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 (Beneficial Interest in Special Voting Share)(1)	05/07/2026		D(2)		80,736,445	D	(2)	0	D

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. Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (fka 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"). Since completion of the DLC transaction on April 17, 2003, 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.

2. 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.

Remarks:

The reporting person may be deemed a member of a Section 13(d) group that owns more than 10% of the issuer's outstanding Common Stock. 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 issuer's outstanding Common Stock for purposes of Section 16 or for any other purpose.

	/s/ Richard L. Kohan, attorney-in-fact	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 did Nickel 2015-94 B Trust report in this Carnival PLC (CUK) Form 4?

Nickel 2015-94 B Trust reported an issuer disposition of 80,736,445 Trust Shares tied to Carnival PLC’s special voting share. The Trust surrendered these shares to Carnival plc for no consideration as part of the DLC Unification and Redomiciliation transactions.

How many Carnival PLC-related Trust Shares were canceled in this CUK filing?

The filing shows 80,736,445 Trust Shares of beneficial interests in Carnival PLC’s special voting share were surrendered and canceled. These Trust Shares were historically paired with Carnival Corporation common stock under the prior dual listed company structure between Carnival plc and Carnival Corporation.

Was any Carnival Corporation common stock disposed of in this CUK Form 4 event?

No, the footnotes state the Reporting Person did not dispose of any Carnival Corporation securities. Only the Trust Shares representing beneficial interests in Carnival plc’s special voting share were surrendered to Carnival plc and canceled in connection with the unification transactions.

What are the Trust Shares referenced in the Carnival PLC (CUK) insider filing?

The Trust Shares represent beneficial interests in a special voting share of Carnival plc held by P&O Princess Voting Trust. They were paired with Carnival Corporation common stock certificates under the dual listed company structure, giving holders linked voting rights in Carnival plc through the Trust.

Why were the Trust Shares in Carnival PLC (CUK) surrendered for no consideration?

The Trust Shares were surrendered for no consideration as part of the completed DLC Unification and Redomiciliation, where Carnival plc became a wholly owned subsidiary of Carnival Corporation Ltd. Following surrender, the Trust Shares were canceled, reflecting the end of the prior dual listed company structure.