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

Royal Caribbean director sells 477K shares indirectly

The 23 reported transactions span three dates, with weighted-average prices ranging from $321.44 to $341.64 per share.

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Form Type
4

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd (RCL) director Arne Alexander Wilhelmsen reported indirect sales totaling 476,674 common shares in 23 transactions on November 6, November 9 and November 10, 2026. Examples include 48,213 shares at a weighted-average $327.39 on November 6 and 46,271 shares at a weighted-average $340.31 on November 10. No Rule 10b5-1 plan is reported. The ownership footnote tied to a 6,030-share transaction identifies AWILHELMSEN AS and AWILHELMSEN ASSET MANAGEMENT AS, states that AWILHELMSEN AS can vote and dispose of the asset manager's shares under an agreement, and says Wilhelmsen disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Wilhelmsen Arne Alexander
Role Director
Sold 476,674 shs ($159.82M)
Type Security Shares Price Value
Sale Common Stock F18 6,485 $336.44 $2.18M
Sale Common Stock F19 44,751 $337.63 $15.11M
Sale Common Stock F20 38,961 $338.52 $13.19M
Sale Common Stock F21 26,032 $339.77 $8.84M
Sale Common Stock F22 46,271 $340.31 $15.75M
Sale Common Stock F23, F24 6,030 $341.14 $2.06M
Sale Common Stock F10 862 $334.99 $289K
Sale Common Stock F11 3,235 $335.90 $1.09M
Sale Common Stock F12 41,639 $336.99 $14.03M
Sale Common Stock F13 50,621 $337.84 $17.10M
Sale Common Stock F14 39,093 $338.67 $13.24M
Sale Common Stock F15 10,053 $339.75 $3.42M
Sale Common Stock F16 17,396 $340.90 $5.93M
Sale Common Stock F17 12,773 $341.64 $4.36M
Sale Common Stock F1 760 $321.44 $244K
Sale Common Stock F2 5,140 $322.57 $1.66M
Sale Common Stock F3 2,670 $323.39 $863K
Sale Common Stock F4 20,028 $324.48 $6.50M
Sale Common Stock F5 15,333 $325.48 $4.99M
Sale Common Stock F6 24,425 $326.60 $7.98M
Sale Common Stock F7 48,213 $327.39 $15.78M
Sale Common Stock F8 15,463 $328.24 $5.08M
Sale Common Stock F9 440 $329.10 $145K
Holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 15,709,236 shares (Indirect, See Footnote); Common Stock — 8,520 shares (Direct)
Footnotes (24)
  1. F1. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $321.00 to a high of $321.99. 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 - 23 to this Form 4.
  2. F2. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $322.00 to a high of $322.75.
  3. F3. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $323.10 to a high of $323.9999.
  4. F4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $324.00 to a high of $324.9932.
  5. F5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.98.
  6. F6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $326.00 to a high of $326.999.
  7. F7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.99.
  8. F8. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.8921.
  9. F9. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.2922.
  10. F10. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $334.285 to a high of $335.28.
  11. F11. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $335.3125 to a high of $336.16.
  12. F12. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $336.41 to a high of $337.28.
  13. F13. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $337.29 to a high of $338.2804.
  14. F14. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $338.29 to a high of $339.27.
  15. F15. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $339.33 to a high of $340.26.
  16. F16. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $340.2986 to a high of $341.281.
  17. F17. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $341.29 to a high of $342.2749.
  18. F18. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $335.95 to a high of $336.94.
  19. F19. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $336.95 to a high of $337.94.
  20. F20. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $337.95 to a high of $338.94.
  21. F21. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $338.9546 to a high of $339.94.
  22. F22. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $339.95 to a high of $340.945.
  23. F23. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $340.96 to a high of $341.55.
  24. F24. This includes 11,673,977 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.
Common shares sold 476,674 shares Across 23 reported sale transactions on November 6, November 9 and November 10, 2026
Shares sold, November 6, 2026 48,213 shares Transaction with a weighted-average price of $327.39 per share
Weighted-average sale price $327.39 per share For 48,213 shares sold November 6, 2026
Shares sold, November 9, 2026 50,621 shares Transaction with a weighted-average price of $337.84 per share
Weighted-average sale price $337.84 per share For 50,621 shares sold November 9, 2026
Shares sold, November 10, 2026 46,271 shares Transaction with a weighted-average price of $340.31 per share
Weighted-average sale price $340.31 per share For 46,271 shares sold November 10, 2026
Direct common shares held 8,520 shares Holding entry dated November 6, 2026
weighted-average sale price per share financial
"Represents the weighted-average sale price per share"
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"

FAQ

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

How many RCL shares did director Arne Alexander Wilhelmsen sell?
Sales reported under RCL director Arne Alexander Wilhelmsen's name totaled 476,674 common shares across 23 transactions on November 6, November 9 and November 10, 2026; the transactions were reported as indirect.

What prices were reported for RCL insider share sales?
Reported weighted-average prices included $327.39 for 48,213 shares on November 6, 2026; $337.84 for 50,621 shares on November 9, 2026; and $340.31 for 46,271 shares on November 10, 2026. Footnotes provide execution-price ranges for the transactions.

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 4UNITED 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 FLORIDA 33132
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ROYAL CARIBBEAN CRUISES LTD [ RCL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
11/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock8,520D
Common Stock11/06/2026S760D$321.44(1)16,185,150ISee Footnote
Common Stock11/06/2026S5,140D$322.57(2)16,180,010ISee Footnote
Common Stock11/06/2026S2,670D$323.39(3)16,177,340ISee Footnote
Common Stock11/06/2026S20,028D$324.48(4)16,157,312ISee Footnote
Common Stock11/06/2026S15,333D$325.48(5)16,141,979ISee Footnote
Common Stock11/06/2026S24,425D$326.6(6)16,117,554ISee Footnote
Common Stock11/06/2026S48,213D$327.39(7)16,069,341ISee Footnote
Common Stock11/06/2026S15,463D$328.24(8)16,053,878ISee Footnote
Common Stock11/06/2026S440D$329.1(9)16,053,438ISee Footnote
Common Stock11/09/2026S862D$334.99(10)16,052,576ISee Footnote
Common Stock11/09/2026S3,235D$335.9(11)16,049,341ISee Footnote
Common Stock11/09/2026S41,639D$336.99(12)16,007,702ISee Footnote
Common Stock11/09/2026S50,621D$337.84(13)15,957,081ISee Footnote
Common Stock11/09/2026S39,093D$338.67(14)15,917,988ISee Footnote
Common Stock11/09/2026S10,053D$339.75(15)15,907,935ISee Footnote
Common Stock11/09/2026S17,396D$340.9(16)15,890,539ISee Footnote
Common Stock11/09/2026S12,773D$341.64(17)15,877,766ISee Footnote
Common Stock11/10/2026S6,485D$336.44(18)15,871,281ISee Footnote
Common Stock11/10/2026S44,751D$337.63(19)15,826,530ISee Footnote
Common Stock11/10/2026S38,961D$338.52(20)15,787,569ISee Footnote
Common Stock11/10/2026S26,032D$339.77(21)15,761,537ISee Footnote
Common Stock11/10/2026S46,271D$340.31(22)15,715,266ISee Footnote
Common Stock11/10/2026S6,030D$341.14(23)15,709,236ISee Footnote(24)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $321.00 to a high of $321.99. 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 - 23 to this Form 4.
2. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $322.00 to a high of $322.75.
3. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $323.10 to a high of $323.9999.
4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $324.00 to a high of $324.9932.
5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.98.
6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $326.00 to a high of $326.999.
7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.99.
8. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.8921.
9. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 6, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.2922.
10. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $334.285 to a high of $335.28.
11. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $335.3125 to a high of $336.16.
12. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $336.41 to a high of $337.28.
13. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $337.29 to a high of $338.2804.
14. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $338.29 to a high of $339.27.
15. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $339.33 to a high of $340.26.
16. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $340.2986 to a high of $341.281.
17. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 9, 2026. The actual sale prices ranged from a low of $341.29 to a high of $342.2749.
18. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $335.95 to a high of $336.94.
19. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $336.95 to a high of $337.94.
20. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $337.95 to a high of $338.94.
21. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $338.9546 to a high of $339.94.
22. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $339.95 to a high of $340.945.
23. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 10, 2026. The actual sale prices ranged from a low of $340.96 to a high of $341.55.
24. This includes 11,673,977 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 Wilhelmsen11/10/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

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