[Form 4] ROYAL CARIBBEAN CRUISES LTD Insider Trading Activity

Royal Caribbean Cruises Ltd. President & CEO Jason T. Liberty reported selling company common stock in a series of open-market transactions on February 13, 2026.

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. President & CEO Jason T. Liberty reported selling company common stock in a series of open-market transactions on February 13, 2026. Each sale involved Royal Caribbean Cruises Ltd. common shares at weighted-average prices disclosed for separate trade ranges.

The reported sales were executed at weighted-average prices between about $322 and $332 per share, with specific price ranges detailed in eleven footnotes. Following these transactions, Liberty directly owned 218,822 shares of Royal Caribbean Cruises Ltd. common stock.

Insider Trade Summary

Net Seller: 90,910 shares

Net Sell 11 txns

Insider Liberty Jason T

Role President & CEO

Sold 90,910 shs ($29.71M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,889	$322.65	$1.25M
Sale	Common Stock	4,641	$323.38	$1.50M
Sale	Common Stock	9,024	$324.59	$2.93M
Sale	Common Stock	14,258	$325.54	$4.64M
Sale	Common Stock	16,158	$326.56	$5.28M
Sale	Common Stock	14,389	$327.48	$4.71M
Sale	Common Stock	15,724	$328.48	$5.17M
Sale	Common Stock	10,186	$329.47	$3.36M
Sale	Common Stock	1,481	$330.42	$489K
Sale	Common Stock	840	$331.38	$278K
Sale	Common Stock	320	$332.29	$106K

Holdings After Transaction: Common Stock — 218,822 shares (Direct)

Footnotes (11)

1. F1. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $322.34 to a high of $322.995. 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 separate price within the ranges set forth in footnotes 1 -- 11 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 February 13, 2026. The actual sale prices ranged from a low of $323.00 to a high of $323.93.
3. F3. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $324.03 to a high of $324.995.
4. F4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.99.
5. F5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.01 to a high of $326.965.
6. F6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.99.
7. F7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.99.
8. F8. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.94.
9. F9. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.12 to a high of $330.87.
10. F10. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.055 to a high of $331.71.
11. F11. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.235 to a high of $332.33.

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Accepted by SEC EDGAR 02/13/2026 - 07:55 PM Learn about SEC filing dates

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^*

Liberty Jason T

(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)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		S		3,889	D	$322.65(1)	305,843	D
Common Stock	02/13/2026		S		4,641	D	$323.38(2)	301,202	D
Common Stock	02/13/2026		S		9,024	D	$324.59(3)	292,178	D
Common Stock	02/13/2026		S		14,258	D	$325.54(4)	277,920	D
Common Stock	02/13/2026		S		16,158	D	$326.56(5)	261,762	D
Common Stock	02/13/2026		S		14,389	D	$327.48(6)	247,373	D
Common Stock	02/13/2026		S		15,724	D	$328.48(7)	231,649	D
Common Stock	02/13/2026		S		10,186	D	$329.47(8)	221,463	D
Common Stock	02/13/2026		S		1,481	D	$330.42(9)	219,982	D
Common Stock	02/13/2026		S		840	D	$331.38(10)	219,142	D
Common Stock	02/13/2026		S		320	D	$332.29(11)	218,822	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. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $322.34 to a high of $322.995. 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 separate price within the ranges set forth in footnotes 1 -- 11 to this Form 4.

2. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $323.00 to a high of $323.93.

3. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $324.03 to a high of $324.995.

4. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.99.

5. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.01 to a high of $326.965.

6. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.99.

7. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.99.

8. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.94.

9. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.12 to a high of $330.87.

10. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.055 to a high of $331.71.

11. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.235 to a high of $332.33.

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Jason T. Liberty	02/13/2026
	** 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.