Restaurant Brands officer plans $4.7M share sale

Restaurant Brands International Inc. (QSR) received a Rule 144 notice that officer Axel Schwan intends to sell up to 57,574 shares of common stock.

Rhea-AI Filing Summary

Restaurant Brands International Inc. (QSR) received a Rule 144 notice that officer Axel Schwan intends to sell up to 57,574 shares of common stock. The proposed sale, through Morgan Stanley Smith Barney LLC, is linked to a stock option exercise for cash and is targeted for September 4, 2026 on the NYSE.

Key Figures

Shares to be sold: 57,574 shares Aggregate market value: $4,671,715.77 Shares outstanding: 348,758,065 shares +1 more

4 metrics

Shares to be sold 57,574 shares Maximum common shares covered by the Rule 144 notice

Aggregate market value $4,671,715.77 Aggregate market value of the 57,574 shares to be sold

Shares outstanding 348,758,065 shares Common shares outstanding referenced in the Rule 144 filing

Approximate date of sale September 4, 2026 Target date for the proposed sale under Rule 144

Key Terms

Rule 144, stock option exercise, aggregate market value, securities to be sold

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

stock option exercise financial

"Common | 09/04/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC ... | 57574 | 4671715.77"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

securities to be sold financial

"144: Securities To Be Sold"

FAQ

What does the Form 144 filing for QSR disclose?

It discloses that officer Axel Schwan plans to sell up to 57,574 shares of Restaurant Brands International Inc. common stock under Rule 144, in connection with a stock option exercise for cash, with an approximate sale date of September 4, 2026.

How many QSR shares are proposed to be sold in this Form 144?

The notice covers up to 57,574 shares of Restaurant Brands International Inc. common stock, with an indicated aggregate market value of about $4,671,715.77 at the time of the filing information.

Who is selling QSR shares according to this Form 144?

The person for whose account the securities are to be sold is Axel Schwan, identified as an officer of Restaurant Brands International Inc.

When are the QSR shares expected to be sold?

The filing lists an approximate date of sale of September 4, 2026 for the proposed disposition of the 57,574 common shares of Restaurant Brands International Inc.

How many QSR shares were outstanding as referenced in the Form 144?

The filing references 348,758,065 shares of Restaurant Brands International Inc. common stock as outstanding, providing context for the Rule 144 sale notice.

On which exchange are the QSR shares in this Form 144 listed?

The common shares referenced in the notice are listed on the NYSE, as indicated in the Form 144 securities information section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 04:04 PM Accepted by SEC EDGAR 09/04/2026 - 04:03 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001594977
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	RESTAURANT BRANDS INTERNATIONAL INC.
SEC File Number	001-36786
Address of Issuer	5707 Waterford District Drive Miami FLORIDA 33126
Phone	305-378-3000
Name of Person for Whose Account the Securities are To Be Sold	AXEL SCHWAN
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	57574	4671715.77	348758065	09/04/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/04/2026	Stock Option Exercise	Issuer			57574	09/04/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/04/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Axel Schwan
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)