STOCK TITAN
  1. Home
  2. SEC Filings
  3. RCL
  4. [Form 4] ROYAL CARIBBEAN CRUISES LTD Insider Trading Activity

Royal Caribbean: Awilhelmsen sells 185K shares

Available on EDGAR Accepted by SEC EDGAR
Filing Impact
(Neutral)
Filing Sentiment

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment worksHow the balance works

Form Type
4

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. (RCL) director Arne Alexander Wilhelmsen reported sales by Awilhelmsen AS of 185,000 common shares on November 11 and 12, 2026. The reported lots include 27,132 shares at a weighted-average sale price of $335.20 on November 11 and 18,932 shares at $322.30 on November 12. No Rule 10b5-1 plan is reported.

Insider Wilhelmsen Arne Alexander
Role Director
Sold 185,000 shs ($62.11M)
Type Security Shares Price Value
Sale Common Stock F8 18,932 $322.30 $6.10M
Sale Common Stock F9 2,029 $323.08 $656K
Sale Common Stock F10 2,425 $324.31 $786K
Sale Common Stock F11 3,866 $329.34 $1.27M
Sale Common Stock F12 6,804 $332.25 $2.26M
Sale Common Stock F13 594 $333.29 $198K
Sale Common Stock F14, F15 350 $334.04 $117K
Sale Common Stock F1 27,132 $335.20 $9.09M
Sale Common Stock F2 8,062 $336.62 $2.71M
Sale Common Stock F3 24,796 $337.37 $8.37M
Sale Common Stock F4 40,549 $338.27 $13.72M
Sale Common Stock F5 22,243 $339.65 $7.55M
Sale Common Stock F6 23,073 $340.55 $7.86M
Sale Common Stock F7 4,145 $341.13 $1.41M
Holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 15,524,236 shares (Indirect, See Footnote); Common Stock — 8,520 shares (Direct)
Footnotes (15)
  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 November 11, 2026. The actual sale prices ranged from a low of $335.005 to a high of $335.55. 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 - 14 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 November 11, 2026. The actual sale prices ranged from a low of $336.1187 to a high of $337.0029.
  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 November 11, 2026. The actual sale prices ranged from a low of $337.0061 to a high of $338.0034.
  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 November 11, 2026. The actual sale prices ranged from a low of $338.005 to a high of $339.00.
  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 November 11, 2026. The actual sale prices ranged from a low of $339.20 to a high of $340.00.
  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 November 11, 2026. The actual sale prices ranged from a low of $340.01 to a high of $341.00.
  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 November 11, 2026. The actual sale prices ranged from a low of $341.01 to a high of $341.3574.
  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 November 12, 2026. The actual sale prices ranged from a low of $321.93 to a high of $322.9298.
  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 November 12, 2026. The actual sale prices ranged from a low of $323 to a high of $323.3263.
  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 November 12, 2026. The actual sale prices ranged from a low of $324.0001 to a high of $324.8627.
  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 November 12, 2026. The actual sale prices ranged from a low of $329.0003 to a high of $329.83.
  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 November 12, 2026. The actual sale prices ranged from a low of $331.9706 to a high of $332.78.
  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 November 12, 2026. The actual sale prices ranged from a low of $332.96 to a high of $333.8599.
  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 November 12, 2026. The actual sale prices ranged from a low of $333.93 to a high of $334.2063.
  15. F15. This includes 11,488,977 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 185,000 shares Reported across 14 sale entries on November 11 and 12, 2026
Weighted-average sale price $335.20 per share 27,132 shares sold on November 11, 2026
Weighted-average sale price $322.30 per share 18,932 shares sold on November 12, 2026
Direct common-stock holding 8,520 shares Separate holding entry dated November 11, 2026
Shares owned by Awilhelmsen AS 11,488,977 shares Ownership note
Shares owned by Awilhelmsen Asset Management AS 4,035,259 shares Ownership note; Awilhelmsen AS had voting and disposition power over these shares under an agreement
weighted-average sale price financial
"weighted-average sale price per share of a series of transactions"
Rule 10b5-1 plan regulatory
"No Rule 10b5-1 plan is reported"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
beneficial ownership regulatory
"disclaims beneficial ownership of these shares"
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.

FAQ

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

How many RCL shares did Awilhelmsen AS sell, and at what prices?
Awilhelmsen AS reported sales of 185,000 RCL common shares in 14 entries on November 11 and 12, 2026. Reported weighted-average prices include $335.20 for 27,132 shares on November 11 and $322.30 for 18,932 shares on November 12. No Rule 10b5-1 plan is reported.

What ownership information does the RCL Form 4 report for Awilhelmsen AS?
The ownership note states Awilhelmsen AS owned 11,488,977 RCL shares and Awilhelmsen Asset Management AS owned 4,035,259 shares. Awilhelmsen AS had voting and disposition power over shares owned by the asset-management entity under an agreement. 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 →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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)
11/11/2026		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 Stock11/11/2026S27,132D$335.215,682,104(1)ISee Footnote
Common Stock11/11/2026S8,062D$336.6215,674,042(2)ISee Footnote
Common Stock11/11/2026S24,796D$337.3715,649,246(3)ISee Footnote
Common Stock11/11/2026S40,549D$338.2715,608,697(4)ISee Footnote
Common Stock11/11/2026S22,243D$339.6515,586,454(5)ISee Footnote
Common Stock11/11/2026S23,073D$340.5515,563,381(6)ISee Footnote
Common Stock11/11/2026S4,145D$341.1315,559,236(7)ISee Footnote
Common Stock11/12/2026S18,932D$322.315,540,304(8)ISee Footnote
Common Stock11/12/2026S2,029D$323.0815,538,275(9)ISee Footnote
Common Stock11/12/2026S2,425D$324.3115,535,850(10)ISee Footnote
Common Stock11/12/2026S3,866D$329.3415,531,984(11)ISee Footnote
Common Stock11/12/2026S6,804D$332.2515,525,180(12)ISee Footnote
Common Stock11/12/2026S594D$333.2915,524,586(13)ISee Footnote
Common Stock11/12/2026S350D$334.0415,524,236(14)ISee Footnote(15)
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 conducted by AWILHELMSEN AS, all of which were executed on November 11, 2026. The actual sale prices ranged from a low of $335.005 to a high of $335.55. 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 - 14 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 November 11, 2026. The actual sale prices ranged from a low of $336.1187 to a high of $337.0029.
3. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 11, 2026. The actual sale prices ranged from a low of $337.0061 to a high of $338.0034.
4. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 11, 2026. The actual sale prices ranged from a low of $338.005 to a high of $339.00.
5. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 11, 2026. The actual sale prices ranged from a low of $339.20 to a high of $340.00.
6. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 11, 2026. The actual sale prices ranged from a low of $340.01 to a high of $341.00.
7. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 11, 2026. The actual sale prices ranged from a low of $341.01 to a high of $341.3574.
8. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $321.93 to a high of $322.9298.
9. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $323 to a high of $323.3263.
10. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $324.0001 to a high of $324.8627.
11. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $329.0003 to a high of $329.83.
12. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $331.9706 to a high of $332.78.
13. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $332.96 to a high of $333.8599.
14. Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on November 12, 2026. The actual sale prices ranged from a low of $333.93 to a high of $334.2063.
15. This includes 11,488,977 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 Wilhelmsen11/13/2026
** 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

Keep reading

More on RCL

All RCL news

Trending in the feed

GRDX
GridAI Technologies Signs Definitive Agreement to Acquire Pronghorn Resources, Establishing Major Wyoming Owned-Natural Gas and Multi-Gigawatt AI Power Infrastructure Platform Targeting Initial Power Delivery in 2027 Open the live feed