Royal Caribbean (RCL) Director Reports 10,300-Share Sale

Rhea-AI Filing Summary

Royal Caribbean Group director Vagn O. Sorensen reported a sale of 10,300 shares of Common Stock on 08/19/2025 at a price of $330.04 per share. After the sale, Sorensen beneficially owned 16,407 shares, held directly. The Form 4 was signed by an attorney-in-fact on 08/20/2025. The filing discloses a single non-derivative disposition and contains no derivative transactions or other material details.

Positive

• None.

Negative

• Director disposed of 10,300 RCL shares on 08/19/2025 at $330.04 per share, reducing direct holdings to 16,407 shares

Insights

Securities Analyst

TL;DR: A routine director sale of 10,300 RCL shares was disclosed; ownership remains modest at 16,407 shares, suggesting no major governance shift.

The Form 4 shows a single non-derivative sale executed on 08/19/2025 at $330.04 per share. The transaction reduced the reporting person's direct holdings to 16,407 shares. No option exercises, grants, or derivative positions were reported. This appears to be an ordinary insider sale rather than a structural change in ownership, and the filing includes an attorney-in-fact signature.

Corporate Governance Expert

TL;DR: Director disclosed a standard Section 16 sale; disclosure is complete for the reported transaction and shows continued direct ownership.

The disclosure satisfies Section 16 reporting for a director-initiated disposition. The absence of additional transactions, amendments, or 10b5-1 plan notation in the form suggests this was a single, reportable sale rather than part of a broader patterned plan noted on the face of the filing. Beneficial ownership remains with the director, and no indirect holdings or derivative instruments are indicated.

Insider Trade Summary

Net Seller: 10,300 shares ($3,399,412)

Net Sell 1 txn

Insider Sorensen Vagn O

Role Director

Sold 10,300 shs ($3.40M)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,300	$330.04	$3.40M

Holdings After Transaction: Common Stock — 16,407 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Sorensen Vagn O

(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)
08/19/2025

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	08/19/2025		S		10,300	D	$330.04	16,407	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:

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Vagn O. Sorensen	08/20/2025
	** 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 transaction did Vagn O. Sorensen report on Form 4 for RCL?

The filing reports a sale of 10,300 shares of Royal Caribbean Common Stock on 08/19/2025 at $330.04 per share.

How many RCL shares does the reporting person own after the transaction?

After the reported sale, the reporting person beneficially owned 16,407 shares of RCL.

Were any derivative securities (options, warrants) reported in this Form 4?

No. Table II shows no derivative securities were acquired, disposed of, or beneficially owned in this filing.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Indira Sordo, Attorney-in-Fact for Vagn O. Sorensen on 08/20/2025.

Does the filing indicate the sale was made under a 10b5-1 trading plan?

The form does not indicate that the transaction was executed pursuant to a 10b5-1 plan.