Royal Caribbean (NYSE: RCL) exec sells 7,854 shares at $326.21

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd executive Laura H. Bethge, President of Celebrity Cruises, reported an open-market sale of common stock. She sold 7,854 shares at an average price of $326.21 per share. After this sale, she directly holds 32,786 shares of Royal Caribbean common stock, and an additional 87 shares are held indirectly by her spouse.

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^*

BETHGE LAURA H

(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, Celebrity Cruises

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		S		7,854	D	$326.21	32,786	D
Common Stock								87	I	By spouse

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:

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Laura H. Bethge	02/18/2026
	** 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.

FAQ

What insider transaction did RCL executive Laura H. Bethge report?

Laura H. Bethge reported an open-market sale of Royal Caribbean (RCL) common stock. She sold 7,854 shares in a single transaction and disclosed her updated direct and indirect ownership stakes in the company’s shares following the sale.

How many Royal Caribbean (RCL) shares did Laura H. Bethge sell and at what price?

Laura H. Bethge sold 7,854 Royal Caribbean (RCL) common shares. The reported average sale price was $326.21 per share, reflecting an open-market sale transaction disclosed in a Form 4 insider trading report filed with the U.S. securities regulator.

What is Laura H. Bethge’s remaining direct ownership in RCL after the reported sale?

After the reported sale, Laura H. Bethge directly owns 32,786 shares of Royal Caribbean (RCL) common stock. This figure reflects her direct holdings immediately following the 7,854-share open-market sale reported for the disclosed transaction date.

Does Laura H. Bethge have any indirect ownership of Royal Caribbean (RCL) shares?

Yes, Laura H. Bethge has indirect ownership of Royal Caribbean (RCL) shares. The filing notes 87 common shares held indirectly, identified as being held by her spouse, which are reported separately from her directly owned share position.

What role does Laura H. Bethge hold at Royal Caribbean (RCL)?

Laura H. Bethge serves as President of Celebrity Cruises at Royal Caribbean (RCL). This officer role is disclosed in the insider trading report, which identifies her as an executive reporting person subject to share ownership and transaction reporting rules.

How many total shares did Laura H. Bethge net sell in the reported Form 4 for RCL?

The Form 4 filing for Royal Caribbean (RCL) shows Laura H. Bethge had net selling activity of 7,854 shares. The transaction summary records a single sale transaction and no reported purchases or acquisitions during the disclosed reporting period.