[Form 4] ROYAL CARIBBEAN CRUISES LTD Insider Trading Activity

Rhea-AI Filing Summary

John Brock, a director of Royal Caribbean Cruises Ltd. (RCL), reported on Form 4 that he disposed of 3,165 shares on 10/02/2025. The Form states the transaction code G and an explanatory note: the sale “represents charitable contribution of shares.” The filing records a post-transaction beneficial ownership of 24,035 shares and lists a transaction price of $0, consistent with a donation. The Form 4 was signed by Indira Sordo, Attorney-in-Fact, on 10/03/2025. This filing documents an insider share donation and the resulting reduction in the director’s direct holdings.

Positive

• Filed promptly with Section 16 disclosure and signed on 10/03/2025
• Disposition identified as a charitable contribution (transaction code G) clarifies nature of transfer

Negative

• Director’s direct holdings decreased by 3,165 shares to 24,035

Insights

Corporate Governance Analyst

Director reported a charitable donation of shares, lowering direct holdings.

The Form 4 shows John Brock used transaction code G on 10/02/2025 to dispose of 3,165 shares via a charitable contribution. The reported post-transaction holding is 24,035 shares. This is a non-compensatory transfer rather than a sale.

This disclosure meets Section 16 reporting requirements and provides transparency about changes to director ownership.

Insider Transactions Analyst

Transaction recorded at $0 indicates donation, not cash sale.

The Form lists the price as $0, and the remark explicitly states the disposition "represents charitable contribution of shares," which explains the zero consideration. The signature by an attorney-in-fact on 10/03/2025 finalizes the reporting.

Because the change is documented as a gift, the movement affects beneficial ownership counts but does not reflect proceeds to the reporting person.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Brock John

(Last) (First) (Middle)

C/O 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025

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	10/02/2025		G		3,165	D(1)	$0	24,035	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 charitable contribution of shares.

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for John Brock	10/03/2025
	** 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 did John Brock report on the Form 4 for RCL?

The Form 4 reports a disposition of 3,165 shares on 10/02/2025, identified as a charitable contribution, with post-transaction holdings of 24,035 shares.

Was the transaction a sale that generated proceeds for John Brock?

No. The Form lists the price as $0 and the remarks state it "represents charitable contribution of shares," indicating no cash proceeds.

What code was used to classify the transaction on the Form 4?

The transaction is reported under transaction code G, which is used for gifts or charitable contributions.

Who signed the Form 4 for John Brock and when?

The Form 4 was signed by Indira Sordo, Attorney-in-Fact for John Brock on 10/03/2025.

How many RCL shares does John Brock beneficially own after the transaction?

The filing shows a post-transaction beneficial ownership of 24,035 shares.