Michael W. Bayley - May 17, 2023 Form 4 Insider Report for ROYAL CARIBBEAN CRUISES LTD (RCL)

Signature
/s/ Indira Sordo, Attorney-in-Fact for Michael W. Bayley
Stock symbol
RCL
Transactions as of
May 17, 2023
Transactions value $
-$1,649,998
Form type
4
Date filed
5/19/2023, 06:07 PM
Previous filing
Mar 28, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RCL Common Stock Sale -$1.65M -20.6K -14.44% $80.00 122K May 17, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2023.
F2 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on May 17, 2023. The actual sale prices ranged from a low of $80.00 to a high of $80.0550. The Reporting Person undertakes to provide upon request of the SEC Staff, Royal Caribbean Cruises Ltd. or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the range.