Twelve insiders at Royal Caribbean Cruises Ltd. (RCL) reported selling shares on November 10, 2026, with a total value of approximately $138.53 million. Director Arne Alexander Wilhelmsen was among those selling, with transactions totaling over $138 million.

These sales occurred across multiple transactions, with share prices ranging from $324.48 to $340.90. While insider selling can be attributed to various personal financial decisions, such as diversification or tax planning, a coordinated sale by multiple individuals may attract market attention.