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

Royal Caribbean director sells 250K shares indirectly

The activity is reported as indirect, while a separate entry lists 8,520 shares held directly as of November 4, 2026.

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Form Type
4

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. (RCL) director Arne Alexander Wilhelmsen reported indirect sales of 250,000 common shares across November 4 and 5, 2026. One November 5 transaction covered 27,332 shares at a weighted-average $322.42 per share; no Rule 10b5-1 plan is reported. A separate entry lists 8,520 common shares held directly as of November 4, 2026.

Insider Wilhelmsen Arne Alexander
Role Director
Sold 250,000 shs ($82.14M)
Type Security Shares Price Value
Sale Common Stock F17 27,332 $322.42 $8.81M
Sale Common Stock F18 427 $323.09 $138K
Sale Common Stock F19 323 $330.24 $107K
Sale Common Stock F20 534 $332.42 $178K
Sale Common Stock F21 736 $333.34 $245K
Sale Common Stock F22 382 $334.55 $128K
Sale Common Stock F23, F24 266 $335.08 $89K
Sale Common Stock F1 1,470 $319.20 $469K
Sale Common Stock F2 1,974 $320.14 $632K
Sale Common Stock F3 6,577 $321.13 $2.11M
Sale Common Stock F4 15,405 $322.14 $4.96M
Sale Common Stock F5 25,670 $323.14 $8.30M
Sale Common Stock F6 11,940 $323.86 $3.87M
Sale Common Stock F7 3,978 $324.93 $1.29M
Sale Common Stock F8 659 $325.98 $215K
Sale Common Stock F9 5,870 $327.16 $1.92M
Sale Common Stock F10 1,355 $327.98 $444K
Sale Common Stock F11 10,879 $329.31 $3.58M
Sale Common Stock F12 11,710 $330.21 $3.87M
Sale Common Stock F13 18,292 $330.92 $6.05M
Sale Common Stock F14 8,934 $332.01 $2.97M
Sale Common Stock F15 68,698 $333.16 $22.89M
Sale Common Stock F16 26,549 $333.88 $8.86M
Sale Common Stock 40 $334.56 $13K
Holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 16,185,910 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 4, 2026. The actual sale prices ranged from a low of $318.53 to a high of $319.5292. 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 range 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 4, 2026. The actual sale prices ranged from a low of $319.53 to a high of $320.52.
  3. F3. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $320.585 to a high of $321.4985.
  4. F4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $321.6189 to a high of $322.523.
  5. F5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $322.5318 to a high of $323.5281.
  6. F6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $323.53 to a high of $324.5226.
  7. F7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $324.5321 to a high of $325.529.
  8. F8. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $325.5957 to a high of $326.5044.
  9. F9. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $326.5683 to a high of $327.5189.
  10. F10. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $327.5392 to a high of $328.5289.
  11. F11. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $328.5768 to a high of $329.52.
  12. F12. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $329.5328 to a high of $330.529.
  13. F13. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $330.53 to a high of $331.5265.
  14. F14. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $331.5332 to a high of $332.5278.
  15. F15. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $332.53 to a high of $333.5269.
  16. F16. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $333.53 to a high of $334.52.
  17. F17. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $322.00 to a high of $322.99.
  18. F18. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $323.01 to a high of $323.17.
  19. F19. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $330.00 to a high of $330.829.
  20. F20. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $332.12 to a high of $332.9664.
  21. F21. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $333.00 to a high of $333.79.
  22. F22. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $334.2225 to a high of $334.99.
  23. F23. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $335.00 to a high of $335.37.
  24. F24. This includes 12,150,651 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 250,000 shares 24 reported indirect sales on November 4 and 5, 2026
Weighted-average sale price $322.42 per share 27,332-share transaction on November 5, 2026
Weighted-average sale price $319.20 per share 1,470-share transaction on November 4, 2026
Direct common shares held 8,520 shares As of November 4, 2026
weighted-average sale price 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 regulatory
"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?
Arne Alexander Wilhelmsen reported indirect sales of 250,000 RCL common shares across November 4 and 5, 2026. One transaction on November 5 covered 27,332 shares at a weighted-average $322.42 per share. No Rule 10b5-1 plan is reported.

What ownership details accompany the 266-share RCL transaction?
The note linked to the 266-share indirect transaction says Awilhelmsen AS owned 12,150,651 RCL shares and Awilhelmsen Asset Management AS owned 4,035,259. It says Awilhelmsen AS had voting and disposition power over the latter shares under an agreement, and Arne Alexander Wilhelmsen disclaimed beneficial ownership except to the extent of his pecuniary interest.

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)
11/04/2026		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 Stock11/04/2026S1,470D$319.2(1)16,434,440ISee Footnote
Common Stock11/04/2026S1,974D$320.14(2)16,432,466ISee Footnote
Common Stock11/04/2026S6,577D$321.13(3)16,425,889ISee Footnote
Common Stock11/04/2026S15,405D$322.14(4)16,410,484ISee Footnote
Common Stock11/04/2026S25,670D$323.14(5)16,384,814ISee Footnote
Common Stock11/04/2026S11,940D$323.86(6)16,372,874ISee Footnote
Common Stock11/04/2026S3,978D$324.93(7)16,368,896ISee Footnote
Common Stock11/04/2026S659D$325.98(8)16,368,237ISee Footnote
Common Stock11/04/2026S5,870D$327.16(9)16,362,367ISee Footnote
Common Stock11/04/2026S1,355D$327.98(10)16,361,012ISee Footnote
Common Stock11/04/2026S10,879D$329.31(11)16,350,133ISee Footnote
Common Stock11/04/2026S11,710D$330.21(12)16,338,423ISee Footnote
Common Stock11/04/2026S18,292D$330.92(13)16,320,131ISee Footnote
Common Stock11/04/2026S8,934D$332.01(14)16,311,197ISee Footnote
Common Stock11/04/2026S68,698D$333.16(15)16,242,499ISee Footnote
Common Stock11/04/2026S26,549D$333.88(16)16,215,950ISee Footnote
Common Stock11/04/2026S40D$334.5616,215,910ISee Footnote
Common Stock11/05/2026S27,332D$322.42(17)16,188,578ISee Footnote
Common Stock11/05/2026S427D$323.09(18)16,188,151ISee Footnote
Common Stock11/05/2026S323D$330.24(19)16,187,828ISee Footnote
Common Stock11/05/2026S534D$332.42(20)16,187,294ISee Footnote
Common Stock11/05/2026S736D$333.34(21)16,186,558ISee Footnote
Common Stock11/05/2026S382D$334.55(22)16,186,176ISee Footnote
Common Stock11/05/2026S266D$335.08(23)16,185,910ISee 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 4, 2026. The actual sale prices ranged from a low of $318.53 to a high of $319.5292. 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 range 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 4, 2026. The actual sale prices ranged from a low of $319.53 to a high of $320.52.
3. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $320.585 to a high of $321.4985.
4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $321.6189 to a high of $322.523.
5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $322.5318 to a high of $323.5281.
6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $323.53 to a high of $324.5226.
7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $324.5321 to a high of $325.529.
8. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $325.5957 to a high of $326.5044.
9. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $326.5683 to a high of $327.5189.
10. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $327.5392 to a high of $328.5289.
11. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $328.5768 to a high of $329.52.
12. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $329.5328 to a high of $330.529.
13. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $330.53 to a high of $331.5265.
14. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $331.5332 to a high of $332.5278.
15. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $332.53 to a high of $333.5269.
16. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 4, 2026. The actual sale prices ranged from a low of $333.53 to a high of $334.52.
17. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $322.00 to a high of $322.99.
18. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $323.01 to a high of $323.17.
19. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $330.00 to a high of $330.829.
20. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $332.12 to a high of $332.9664.
21. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $333.00 to a high of $333.79.
22. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $334.2225 to a high of $334.99.
23. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on November 5, 2026. The actual sale prices ranged from a low of $335.00 to a high of $335.37.
24. This includes 12,150,651 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 Wilhelmsen11/06/2026
** 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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