Carnival PLC entity disposes 80,736,445 Trust Shares

MA 1994 B Shares LP reported disposing of 80,736,445 Trust Shares representing a beneficial interest in a special voting share of Carnival plc.

Rhea-AI Filing Summary

MA 1994 B Shares LP reported disposing of 80,736,445 Trust Shares representing a beneficial interest in a special voting share of Carnival plc. These Trust Shares were surrendered to Carnival plc for no consideration in connection with the DLC Unification and Redomiciliation transactions.

After the surrender and cancellation, MA 1994 B Shares LP held 0 Trust Shares. The filing notes that the reporting person did not dispose of any Carnival Corporation securities as part of this restructuring step.

Insider Trade Summary

Disposition: 80,736,445 shares

Disposition 1 txn

Insider MA 1994 B SHARES LP

Role Insider

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

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

Footnotes (2)

1. F1. 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. F2. 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 Trust Shares after transaction: 0 shares +1 more

4 metrics

Trust Shares disposed 80,736,445 shares Trust Shares surrendered to Carnival plc and canceled

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

Trust Shares after transaction 0 shares Total Trust Shares following disposition

Dispose transactions 1 transaction Single disposition to issuer reported in Form 4

Key Terms

Trust Shares, P&O Princess Voting Trust, DLC Unification and Redomiciliation, special voting share

4 terms

Trust Shares financial

"Represents trust shares (the "Trust Shares") of beneficial interests"

P&O Princess Voting Trust financial

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

DLC Unification and Redomiciliation financial

"completed the previously announced DLC Unification and Redomiciliation"

special voting share financial

"Carnival plc issued one special voting share to the Trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MA 1994 B Shares LP report in Carnival plc (CUK) Form 4?

MA 1994 B Shares LP reported disposing of 80,736,445 Trust Shares linked to a special voting share of Carnival plc. These Trust Shares were surrendered to Carnival plc for no consideration and then canceled as part of broader corporate restructuring transactions.

What are the Trust Shares referenced in the Carnival plc (CUK) Form 4 filing?

The Trust Shares represent beneficial interests in a special voting share issued by Carnival plc to the P&O Princess Voting Trust. They are paired with Carnival Corporation common stock, reflecting voting arrangements created in the original dual listed company transaction between Carnival plc and Carnival Corporation.

How is the DLC Unification and Redomiciliation described in the Carnival plc (CUK) Form 4?

The DLC Unification and Redomiciliation transactions resulted in Carnival plc becoming a wholly owned subsidiary of Carnival Corporation Ltd. In connection with this completion, the Trust Shares beneficially owned by the reporting person were surrendered to Carnival plc and canceled as part of the unification structure.

Did MA 1994 B Shares LP sell any Carnival Corporation securities in this Form 4 event?

No, the Form 4 explicitly states the reporting person did not dispose of any Carnival Corporation securities. Only the Trust Shares, representing beneficial interests in a Carnival plc special voting share, were surrendered and canceled in connection with the unification and redomiciliation transactions.

What was the price per Trust Share in the Carnival plc (CUK) Form 4 transaction?

The Trust Shares were surrendered to Carnival plc for no consideration, with a reported transaction price per share of 0.0000. This reflects that the disposition was part of the DLC Unification and Redomiciliation rather than an open-market sale or purchase for cash.

What is MA 1994 B Shares LP’s Trust Share holding after this Carnival plc (CUK) Form 4?

Following the reported transaction, MA 1994 B Shares LP holds zero Trust Shares. The filing shows 80,736,445 Trust Shares disposed of to Carnival plc and then canceled, leaving no remaining beneficial interest in the special voting share through these Trust Shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/07/2026 - 05:40 PM Learn about SEC filing dates

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^*

MA 1994 B SHARES LP

(Last) (First) (Middle)

1201 NORTH MARKET ST

(Street)

WILMINGTON DELAWARE 19899-1347

(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)