Royal Caribbean Director Richard D. Fain Reports Gift of 5,605 Shares

Executive Summary

On November 4, 2026, Royal Caribbean Cruises Ltd. (NYSE: RCL) filed a Form 4 disclosing that Director Richard D. Fain disposed of 5,605 shares of Common Stock on November 2, 2026. The transaction was classified under Code G as a bona fide gift with a stated transaction price of $0.00.

Transaction Breakdown

• Security: Common Stock
• Transaction Code: G (Bona fide gift)
• Shares Transacted: 5,605 shares
• Price per Share: $0.00
• Total Consideration: $0.00
• Ownership Form: Indirect via the Richard Fain Family Trust
• Remaining Holdings in Trust: 47,090 shares

Overall Insider Holdings

Following the gift transfer, Richard D. Fain maintains substantial exposure to Royal Caribbean stock across direct and indirect holdings:

• Direct Ownership: 151,122 shares
• Richard Fain Family Trust: 47,090 shares
• Monument Capital Corporation (Nominee for trusts): 210,706 shares
• The Montana Trust: 5,500 shares

Significance & Market Impact

This filing carries Low trading significance. Transactions coded as 'G' are non-market dispositions typically undertaken for philanthropic donations or estate planning purposes. They do not reflect open-market sentiment or changes in executive operational confidence.