Holtz Naftali 4

What Happened Naftali Holtz, Chief Financial Officer of Royal Caribbean Cruises Ltd. (RCL), executed a series of open‑market sales on February 13, 2026 and also made a small gift. Holtz sold a total of 51,131 shares in multiple tranches at weighted‑average prices shown on the Form 4, generating approximately $16.74 million in proceeds. In addition, 750 shares were disposed of as a gift (no proceeds).

Key Details

• Transaction date: February 13, 2026 (Form filed same day — timely).
• Shares sold: 51,131 shares via multiple open‑market sale tranches; proceeds ≈ $16,739,936.
• Gift: 750 shares were gifted (transaction code G; $0 proceeds).
• Price range: tranche weighted‑averages reported per Form 4; actual executed prices across tranches ranged roughly from $322.60 to $332.33 per share (per footnotes F1–F11).
• Footnotes: Each sale tranche lists weighted‑average prices and price ranges; the filer offers to provide full breakdowns on request to the SEC or shareholders.
• Shares owned after transaction: Not provided in the data here — see the filed Form 4 for post‑transaction holdings.
• No 10b5‑1 plan, tax withholding, or option exercise noted in the supplied details.

Context

• These were outright sales (plus a small gift). Sales by executives are often routine liquidity or portfolio rebalancing; gifts are not necessarily a market sentiment signal. The transactions appear to be standard open‑market dispositions rather than option exercises or awards.