Royal Caribbean (NYSE: RCL) CFO reports multiple insider share moves

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. Chief Financial Officer Naftali Holtz reported three insider share transactions in early February 2026. The Form 4 shows non-derivative Common Stock transactions coded "F" on February 7, 8, and 9, 2026, involving 438, 1,211, and 1,772 shares, respectively.

The reported transaction prices were $338.60 for the first two dates and $345.405 for the third. After these transactions, Holtz directly beneficially owned 41,475, then 40,264, and finally 38,492 Royal Caribbean shares. A footnote notes that his holdings include 87 shares acquired under the company’s Employee Stock Purchase Plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Holtz Naftali

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,772	$345.405	$612K
Tax Withholding	Common Stock	1,211	$338.60	$410K
Tax Withholding	Common Stock	438	$338.60	$148K

Holdings After Transaction: Common Stock — 38,492 shares (Direct)

Footnotes (1)

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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

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^*

Holtz Naftali

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/07/2026

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	02/07/2026		F		438	D	$338.6	41,475(1)	D
Common Stock	02/08/2026		F		1,211	D	$338.6	40,264	D
Common Stock	02/09/2026		F		1,772	D	$345.405	38,492	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. Includes 87 shares acquired under the Issuer's Employee Stock Purchase Plan.

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Naftali Holtz	02/10/2026
	** 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.

FAQ

What insider transaction did Royal Caribbean (RCL) report for its CFO?

Royal Caribbean reported that CFO Naftali Holtz filed a Form 4 showing three Common Stock transactions coded “F” on February 7, 8, and 9, 2026. These involved share withholdings or similar movements under SEC reporting rules for insider equity transactions.

How many Royal Caribbean shares were involved in Naftali Holtz’s Form 4?

The Form 4 lists three transactions in Common Stock: 438 shares on February 7, 1,211 shares on February 8, and 1,772 shares on February 9, 2026. Each is reported as a non-derivative transaction coded “F” under SEC Form 4 categories.

At what prices were Naftali Holtz’s Royal Caribbean shares reported in the Form 4?

The reported transaction prices were $338.60 per share for the February 7 and February 8, 2026 transactions, and $345.405 per share for the February 9, 2026 transaction. All three entries relate to Royal Caribbean Common Stock held directly by the CFO.

How many Royal Caribbean shares does the CFO own after the reported transactions?

After the listed transactions, Naftali Holtz is shown as directly beneficially owning 41,475 shares, then 40,264 shares, and finally 38,492 shares. These figures reflect his updated Common Stock holdings following each successive February 2026 transaction reported on the Form 4.

What does the footnote about 87 Royal Caribbean shares indicate in the Form 4?

The Form 4 footnote states that Naftali Holtz’s reported holdings include 87 shares acquired under Royal Caribbean’s Employee Stock Purchase Plan. This clarifies that a portion of his total directly owned Common Stock came through participation in the company’s employee share purchase program.

Are Naftali Holtz’s Royal Caribbean transactions direct or indirect holdings?

All three non-derivative Common Stock transactions disclosed for Naftali Holtz are reported with ownership form marked “D,” indicating direct ownership. The filing does not list any indirect ownership entities or note any separate nature of indirect beneficial ownership for these specific transactions.