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

Signature
/s/ Indira Sordo, Attorney-in-Fact for Michael W. Bayley
Issuer symbol
RCL
Transactions as of
17 May 2023
Net transactions value
-$1,649,998
Form type
4
Filing time
19 May 2023, 18:07:20 UTC
Previous filing
28 Mar 2023
Next filing
07 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RCL Common Stock Sale $1,649,998 -20,624 -14% $80.00 122,191 17 May 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.