[144] Royal Caribbean Group SEC Filing

Rhea-AI Filing Summary

Royal Caribbean Group (RCL) filed a Form 144 signaling an insider’s intent to sell up to 5,207 common shares through Morgan Stanley Smith Barney. The shares, valued at an estimated $1.72 million, stem from restricted-stock and performance-share grants received between September 2023 and March 2024. The planned transaction date is 30 July 2025.

With 271,627,660 shares outstanding, the proposed sale represents roughly 0.002 % of total equity—too small to affect float or control. No additional insider sales were reported in the past three months, and the filer certifies possession of no undisclosed adverse information. Overall market impact appears immaterial, yet the notice provides transparency into insider liquidity plans.

Positive

• None.

Negative

• Insider disposition: Filing discloses planned sale of 5,207 shares ($1.7 m), which some investors may read as a modest negative sentiment signal, though size is immaterial.

Insights

Securities Analyst

TL;DR – Minor insider sale; negligible dilution or control impact.

The Form 144 covers disposal of 5,207 RCL shares (~$1.7 m). Given the 272 m-share base, the stake is immaterial and unlikely to influence price or ownership structure. Insider monetization of equity awards is common and, absent accompanying negative news, does not imply strategic shift. Liquidity constraints, blackout windows, and 10b5-1 plans often guide such filings. I view the event as neutral to the investment thesis.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5207	1715565.91	271627660	07/30/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/20/2024	Restricted Stock	Issuer			275	02/20/2024	Not Applicable
Common	02/09/2024	Restricted Stock	Issuer			591	02/09/2024	Not Applicable
Common	02/07/2024	Restricted Stock	Issuer			397	02/07/2024	Not Applicable
Common	09/05/2023	Restricted Stock	Issuer			979	09/05/2023	Not Applicable
Common	03/24/2024	Performance Shares	Issuer			2564	03/24/2024	Not Applicable
Common	03/24/2024	Restricted Stock	Issuer			401	03/24/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Royal Caribbean (RCL) shares are being sold under this Form 144?

5,207 common shares are listed for sale.

What is the estimated market value of the planned RCL share sale?

The aggregate market value is approximately $1,715,565.91.

When is the proposed sale date for the insider transaction?

The filing lists July 30, 2025 as the approximate sale date.

What percentage of RCL's shares outstanding does the sale represent?

About 0.002 % of the 271,627,660 shares outstanding.

Which broker is handling the sale?

Morgan Stanley Smith Barney LLC is named as the executing broker.

How were the shares originally acquired?

They were granted as restricted stock and performance shares between Sept 2023 and Mar 2024.