Nickel 2015-94 B Trust 4

What Happened
Nickel 2015-94 B Trust (the "Reporting Person"), which held Trust Shares representing beneficial interests in Carnival plc's special voting share, disposed of 80,736,445 Trust Shares on May 7, 2026. The disposition was to the issuer (Carnival plc) and, per the filing, the Trust Shares were surrendered for no consideration and then canceled in connection with the DLC Unification and Redomiciliation. No Carnival Corporation common stock was sold by the Reporting Person in connection with this transaction. Reported price: N/A.

Key Details

• Transaction date: May 7, 2026 (Disposition to issuer, code D).
• Shares disposed: 80,736,445 Trust Shares. Price/consideration: surrendered for no consideration (canceled).
• Shares owned after transaction: Trust Shares beneficially owned by the Reporting Person were surrendered and canceled (effectively 0 Trust Shares remaining). The Reporting Person did not dispose of any Carnival Corporation common stock.
• Relevant footnotes: F1 explains Trust Shares are beneficial interests in the P&O Princess Voting Trust paired with Carnival Corporation common stock; F2 explains the surrender and cancellation occurred due to DLC Unification and Redomiciliation.
• Section 13(d) note: The Reporting Person may be deemed part of a >10% group but disclaims such membership (per remarks).
• Filing appears to report the transaction on May 7, 2026 (the same date as the transaction).

Context
This was not an open-market sale by an executive but a corporate-transaction-driven surrender and cancellation of trust voting shares tied to the DLC Unification and Redomiciliation (Carnival plc became a wholly owned subsidiary). Such a disposition reflects a structural corporate change, not necessarily a signal of insider market sentiment.