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STOCK TITAN

[Form 4] Carnival Corporation Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Carnival Corp. (CCL) Form 4: Director Sir Jonathon Band reported an open-market sale (code “S�) of 12,500 common shares on 08/05/2025 at an average price of $29.753, for proceeds of roughly $0.37 million. The transaction reduced his direct holding from 76,905.905 to 64,405.905 shares, a decline of about 16%. No derivative positions were disclosed and the Rule 10b5-1 checkbox was not marked, indicating the sale was not executed under a pre-arranged trading plan. While the amount is immaterial relative to Carnival’s ~1.1 billion shares outstanding, it represents a noticeable trimming of the director’s personal stake.

Carnival Corp. (CCL) Modulo 4: Il direttore Sir Jonathon Band ha comunicato una vendita sul mercato aperto (codice “S�) di 12.500 azioni ordinarie il 05/08/2025 a un prezzo medio di 29,753 $, per un ricavo di circa 0,37 milioni di $. L'operazione ha ridotto la sua partecipazione diretta da 76.905,905 a 64.405,905 azioni, una diminuzione di circa il 16%. Non sono state dichiarate posizioni derivati e la casella della Regola 10b5-1 non è stata spuntata, indicando che la vendita non è stata eseguita nell'ambito di un piano di trading predefinito. Sebbene l'entità sia irrilevante rispetto alle circa 1,1 miliardi di azioni in circolazione di Carnival, rappresenta una riduzione significativa della quota personale del direttore.

Carnival Corp. (CCL) Formulario 4: El director Sir Jonathon Band informó una venta en mercado abierto (código “S�) de 12,500 acciones comunes el 05/08/2025 a un precio promedio de $29.753, por ingresos aproximados de $0.37 millones. La transacción redujo su participación directa de 76,905.905 a 64,405.905 acciones, una disminución de alrededor del 16%. No se divulgaron posiciones derivadas y la casilla de la Regla 10b5-1 no fue marcada, lo que indica que la venta no se ejecutó bajo un plan de negociación preestablecido. Aunque la cantidad es insignificante en relación con las aproximadamente 1.1 mil millones de acciones en circulación de Carnival, representa un recorte notable en la participación personal del director.

Carnival Corp. (CCL) Form 4: 이사 Sir Jonathon Band� 2025� 8� 5일에 12,500 주의 보통�� 시장에서 공개 매도(코드 “S�)했다� 보고했습니다. 매도 평균 가격은 $29.753이며, � 매도 대금은 � $0.37백만입니�. � 거래� 그의 직접 보유 주식은 76,905.905주에� 64,405.905�� � 16% 감소했습니다. 파생상품 포지션은 공개되지 않았으며, Rule 10b5-1 체크박스� 선택되지 않아 사전 거래 계획 하에 이루어진 매도가 아님� 나타냅니�. � 금액은 Carnival� � 11� � 발행 주식 수에 비해 미미하지�, 이사� 개인 지분을 눈에 띄게 줄인 것입니다.

Carnival Corp. (CCL) Formulaire 4 : Le directeur Sir Jonathon Band a déclaré une vente sur le marché libre (code « S ») de 12 500 actions ordinaires le 05/08/2025 à un prix moyen de 29,753 $, pour un produit d'environ 0,37 million de $. La transaction a réduit sa détention directe de 76 905,905 à 64 405,905 actions, soit une baisse d'environ 16 %. Aucune position dérivée n'a été divulguée et la case de la règle 10b5-1 n'a pas été dzé, indiquant que la vente n'a pas été effectuée dans le cadre d'un plan de trading préétabli. Bien que le montant soit négligeable par rapport aux quelque 1,1 milliard d'actions en circulation de Carnival, il représente une réduction notable de la participation personnelle du directeur.

Carnival Corp. (CCL) Form 4: Direktor Sir Jonathon Band meldete am 05.08.2025 einen Verkauf am offenen Markt (Code „S�) von 12.500 Stammaktien zu einem Durchschnittspreis von 29,753 $, mit Erlösen von etwa 0,37 Millionen $. Die Transaktion verringerte seinen Direktbesitz von 76.905,905 auf 64.405,905 Aktien, ein Rückgang von etwa 16 %. Es wurden keine Derivatpositionen offengelegt, und das Rule 10b5-1-Kontrollkästchen wurde nicht markiert, was darauf hinweist, dass der Verkauf nicht im Rahmen eines vorab vereinbarten Handelsplans erfolgte. Obwohl der Betrag im Verhältnis zu den rund 1,1 Milliarden ausstehenden Aktien von Carnival unerheblich ist, stellt er eine deutliche Reduzierung des persönlichen Anteils des Direktors dar.

Positive
  • Director retains significant exposure with 64,405.905 shares remaining, indicating continued alignment with shareholders.
Negative
  • Insider sale of 12,500 shares (~16% of personal stake) may be viewed as a modestly bearish signal.
  • No 10b5-1 plan disclosed, leaving the motive open to interpretation and potentially increasing perceived informational asymmetry.

Insights

TL;DR � Director sold 12,500 CCL shares (~16% of stake); minor cash-out, limited impact on overall float.

The filing shows a routine insider sale: 12,500 shares at $29.753 for roughly $372k. Post-sale ownership stands at 64.4k shares, so the director maintains exposure. The trade is negligible versus Carnival’s market cap and daily volume, suggesting little immediate price effect. However, insider selling—even modest—can be interpreted by some investors as a tempered outlook or personal liquidity move. Absence of a 10b5-1 plan might amplify that perception, though single transactions often lack predictive power. Overall market impact is minimal; monitor for additional insider activity to confirm any trend.

Carnival Corp. (CCL) Modulo 4: Il direttore Sir Jonathon Band ha comunicato una vendita sul mercato aperto (codice “S�) di 12.500 azioni ordinarie il 05/08/2025 a un prezzo medio di 29,753 $, per un ricavo di circa 0,37 milioni di $. L'operazione ha ridotto la sua partecipazione diretta da 76.905,905 a 64.405,905 azioni, una diminuzione di circa il 16%. Non sono state dichiarate posizioni derivati e la casella della Regola 10b5-1 non è stata spuntata, indicando che la vendita non è stata eseguita nell'ambito di un piano di trading predefinito. Sebbene l'entità sia irrilevante rispetto alle circa 1,1 miliardi di azioni in circolazione di Carnival, rappresenta una riduzione significativa della quota personale del direttore.

Carnival Corp. (CCL) Formulario 4: El director Sir Jonathon Band informó una venta en mercado abierto (código “S�) de 12,500 acciones comunes el 05/08/2025 a un precio promedio de $29.753, por ingresos aproximados de $0.37 millones. La transacción redujo su participación directa de 76,905.905 a 64,405.905 acciones, una disminución de alrededor del 16%. No se divulgaron posiciones derivadas y la casilla de la Regla 10b5-1 no fue marcada, lo que indica que la venta no se ejecutó bajo un plan de negociación preestablecido. Aunque la cantidad es insignificante en relación con las aproximadamente 1.1 mil millones de acciones en circulación de Carnival, representa un recorte notable en la participación personal del director.

Carnival Corp. (CCL) Form 4: 이사 Sir Jonathon Band� 2025� 8� 5일에 12,500 주의 보통�� 시장에서 공개 매도(코드 “S�)했다� 보고했습니다. 매도 평균 가격은 $29.753이며, � 매도 대금은 � $0.37백만입니�. � 거래� 그의 직접 보유 주식은 76,905.905주에� 64,405.905�� � 16% 감소했습니다. 파생상품 포지션은 공개되지 않았으며, Rule 10b5-1 체크박스� 선택되지 않아 사전 거래 계획 하에 이루어진 매도가 아님� 나타냅니�. � 금액은 Carnival� � 11� � 발행 주식 수에 비해 미미하지�, 이사� 개인 지분을 눈에 띄게 줄인 것입니다.

Carnival Corp. (CCL) Formulaire 4 : Le directeur Sir Jonathon Band a déclaré une vente sur le marché libre (code « S ») de 12 500 actions ordinaires le 05/08/2025 à un prix moyen de 29,753 $, pour un produit d'environ 0,37 million de $. La transaction a réduit sa détention directe de 76 905,905 à 64 405,905 actions, soit une baisse d'environ 16 %. Aucune position dérivée n'a été divulguée et la case de la règle 10b5-1 n'a pas été dzé, indiquant que la vente n'a pas été effectuée dans le cadre d'un plan de trading préétabli. Bien que le montant soit négligeable par rapport aux quelque 1,1 milliard d'actions en circulation de Carnival, il représente une réduction notable de la participation personnelle du directeur.

Carnival Corp. (CCL) Form 4: Direktor Sir Jonathon Band meldete am 05.08.2025 einen Verkauf am offenen Markt (Code „S�) von 12.500 Stammaktien zu einem Durchschnittspreis von 29,753 $, mit Erlösen von etwa 0,37 Millionen $. Die Transaktion verringerte seinen Direktbesitz von 76.905,905 auf 64.405,905 Aktien, ein Rückgang von etwa 16 %. Es wurden keine Derivatpositionen offengelegt, und das Rule 10b5-1-Kontrollkästchen wurde nicht markiert, was darauf hinweist, dass der Verkauf nicht im Rahmen eines vorab vereinbarten Handelsplans erfolgte. Obwohl der Betrag im Verhältnis zu den rund 1,1 Milliarden ausstehenden Aktien von Carnival unerheblich ist, stellt er eine deutliche Reduzierung des persönlichen Anteils des Direktors dar.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
BAND SIR JONATHON

(Last) (First) (Middle)
C/O CARNIVAL CORPORATION
3655 N.W. 87TH AVENUE

(Street)
MIAMI FL 33178

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CARNIVAL CORP [ CCL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/05/2025 S 12,500 D $29.753 64,405.905 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Sir Jonathon Band 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Carnival (CCL) shares did Director Sir Jonathon Band sell?

12,500 common shares were sold on 08/05/2025.

At what price were the CCL shares sold?

The shares were sold at an average price of $29.753.

How many CCL shares does the director still own after the transaction?

He now directly owns 64,405.905 shares.

Was the sale made under a Rule 10b5-1 trading plan?

No, the filing did not indicate use of a 10b5-1 plan.

What percentage of the director’s prior holdings was sold?

Approximately 16% of his prior direct stake was sold.
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