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  4. [Form 4] ROYAL CARIBBEAN CRUISES LTD Insider Trading Activity

Director-linked entity sells 206K RCL shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd director Arne Alexander Wilhelmsen reported that affiliated entity AWILHELMSEN AS sold a net 206,442 shares of Royal Caribbean common stock on February 18–19, 2026, in a series of open-market transactions at prices between $310.00 and $326.59 per share. After these indirect sales, entities controlled by AWILHELMSEN AS held 17,681,065 shares, and Wilhelmsen also held 7,689 shares directly. According to the disclosure, AWILHELMSEN AS has voting and disposal power over the affiliated entity’s shares, and Wilhelmsen disclaims beneficial ownership except for his pecuniary interest.

Positive

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Negative

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Insider Wilhelmsen Arne Alexander
Role Director
Sold 206,442 shs ($65.43M)
Type Security Shares Price Value
Sale Common Stock 58,976 $310.38 $18.30M
Sale Common Stock 10,595 $311.55 $3.30M
Sale Common Stock 3,125 $312.31 $976K
Sale Common Stock 1,983 $313.40 $621K
Sale Common Stock 3,708 $314.68 $1.17M
Sale Common Stock 11,558 $315.64 $3.65M
Sale Common Stock 8,226 $316.15 $2.60M
Sale Common Stock 3,265 $317.10 $1.04M
Sale Common Stock 466 $318.13 $148K
Sale Common Stock 2,025 $317.26 $642K
Sale Common Stock 17,879 $318.46 $5.69M
Sale Common Stock 30,170 $318.99 $9.62M
Sale Common Stock 659 $320.01 $211K
Sale Common Stock 1,180 $321.12 $379K
Sale Common Stock 9,939 $322.34 $3.20M
Sale Common Stock 925 $323.28 $299K
Sale Common Stock 17,111 $324.43 $5.55M
Sale Common Stock 22,179 $325.24 $7.21M
Sale Common Stock 2,473 $326.03 $806K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 17,681,065 shares (Indirect, See Footnote); Common Stock — 7,689 shares (Direct)
Footnotes (20)
  1. F1. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $316.82 to a high of $317.79. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 - 19 to this Form 4.
  2. F2. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $317.85 to a high of $318.815.
  3. F3. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $318.82 to a high of $319.75.
  4. F4. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $319.82 to a high of $320.16.
  5. F5. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $321.00 to a high of $321.75.
  6. F6. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $321.97 to a high of $322.80.
  7. F7. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $322.85 to a high of $323.66.
  8. F8. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $324.00 to a high of $324.815.
  9. F9. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $324.82 to a high of $325.81.
  10. F10. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $325.82 to a high of $326.59.
  11. F11. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.9858.
  12. F12. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $311.00 to a high of $311.93.
  13. F13. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $312.005 to a high of $312.995.
  14. F14. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.9862.
  15. F15. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $314.007 to a high of $314.9975.
  16. F16. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $315.0025 to a high of $315.9994.
  17. F17. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $316.00 to a high of $316.98.
  18. F18. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $317.00 to a high of $317.78.
  19. F19. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $318.00 to a high of $318.50.
  20. F20. This includes 13,645,806 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

FAQ

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

What insider transaction did RCL disclose for Arne Alexander Wilhelmsen?
Royal Caribbean Cruises Ltd disclosed that an entity associated with director Arne Alexander Wilhelmsen, AWILHELMSEN AS, sold 206,442 shares of common stock in open-market transactions on February 18–19, 2026, as reported on a Form 4 insider filing.

At what prices were the Royal Caribbean (RCL) shares sold in this Form 4?
The reported sales of Royal Caribbean common stock were executed in multiple tranches at weighted-average prices, with actual trade prices ranging from $310.00 to $326.59 per share, according to detailed price ranges disclosed in the Form 4 footnotes.

Who actually executed the RCL share sales reported for Arne Alexander Wilhelmsen?
The transactions were conducted by AWILHELMSEN AS, an entity associated with director Arne Alexander Wilhelmsen. The filing states AWILHELMSEN AS has the power to vote and dispose of certain Royal Caribbean shares, and Wilhelmsen disclaims beneficial ownership except for his pecuniary interest.

What is the total number of RCL shares sold in this insider Form 4 filing?
The Form 4 transaction summary shows that entities associated with director Arne Alexander Wilhelmsen executed 19 sale transactions totaling 206,442 shares of Royal Caribbean common stock, resulting in a net-sell position over the reported two-day period.

Does Arne Alexander Wilhelmsen claim full beneficial ownership of the reported RCL shares?
No. The filing explains that AWILHELMSEN AS controls voting and disposition of certain Royal Caribbean shares, and Arne Alexander Wilhelmsen disclaims beneficial ownership of those shares except to the extent of his pecuniary, or economic, interest in them.

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

Form 4 Insider Transactions: What Each Field Means →
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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
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*
Wilhelmsen Arne Alexander
(Last) (First) (Middle)
C/O ROYAL CARIBBEAN CRUISES LTD.
1050 CARIBBEAN WAY
(Street)
MIAMI FL 33132
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ROYAL CARIBBEAN CRUISES LTD [ RCL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
Common Stock 7,689 D
Common Stock 02/18/2026 S 2,025 D $317.26(1) 17,885,482 I See Footnote
Common Stock 02/18/2026 S 17,879 D $318.46(2) 17,867,603 I See Footnote
Common Stock 02/18/2026 S 30,170 D $318.99(3) 17,837,433 I See Footnote
Common Stock 02/18/2026 S 659 D $320.01(4) 17,836,774 I See Footnote
Common Stock 02/18/2026 S 1,180 D $321.12(5) 17,835,594 I See Footnote
Common Stock 02/18/2026 S 9,939 D $322.34(6) 17,825,655 I See Footnote
Common Stock 02/18/2026 S 925 D $323.28(7) 17,824,730 I See Footnote
Common Stock 02/18/2026 S 17,111 D $324.43(8) 17,807,619 I See Footnote
Common Stock 02/18/2026 S 22,179 D $325.24(9) 17,785,440 I See Footnote
Common Stock 02/18/2026 S 2,473 D $326.03(10) 17,782,967 I See Footnote
Common Stock 02/19/2026 S 58,976 D $310.38(11) 17,723,991 I See Footnote
Common Stock 02/19/2026 S 10,595 D $311.55(12) 17,713,396 I See Footnote
Common Stock 02/19/2026 S 3,125 D $312.31(13) 17,710,271 I See Footnote
Common Stock 02/19/2026 S 1,983 D $313.4(14) 17,708,288 I See Footnote
Common Stock 02/19/2026 S 3,708 D $314.68(15) 17,704,580 I See Footnote
Common Stock 02/19/2026 S 11,558 D $315.64(16) 17,693,022 I See Footnote
Common Stock 02/19/2026 S 8,226 D $316.15(17) 17,684,796 I See Footnote
Common Stock 02/19/2026 S 3,265 D $317.1(18) 17,681,531 I See Footnote
Common Stock 02/19/2026 S 466 D $318.13(19) 17,681,065 I See Footnote(20)
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 the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $316.82 to a high of $317.79. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 - 19 to this Form 4.
2. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $317.85 to a high of $318.815.
3. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $318.82 to a high of $319.75.
4. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $319.82 to a high of $320.16.
5. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $321.00 to a high of $321.75.
6. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $321.97 to a high of $322.80.
7. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $322.85 to a high of $323.66.
8. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $324.00 to a high of $324.815.
9. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $324.82 to a high of $325.81.
10. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $325.82 to a high of $326.59.
11. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.9858.
12. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $311.00 to a high of $311.93.
13. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $312.005 to a high of $312.995.
14. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.9862.
15. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $314.007 to a high of $314.9975.
16. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $315.0025 to a high of $315.9994.
17. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $316.00 to a high of $316.98.
18. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $317.00 to a high of $317.78.
19. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $318.00 to a high of $318.50.
20. This includes 13,645,806 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
Remarks:
/s/ Indira Sordo, Attorney-in-Fact for Arne Alexander Wilhelmsen 02/20/2026
** 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.

Source: View Original Filing on SEC EDGAR

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