Restaurant Brands (QSR) director files insider share ownership update

Rhea-AI Filing Summary

Restaurant Brands International Inc. director Alexandre Behring reported changes in his equity holdings. On 12/31/2025, he acquired 2,036 common shares, described as restricted share units that are earned and vested upon grant and settle after his board service ends. The acquisition was reported at a price of $0, reflecting an equity award rather than a market purchase.

Following this transaction, Behring directly beneficially owned 2,036 common shares. He also indirectly beneficially owned 280,652 common shares through CLBB Investments, an entity where he and his spouse are the direct or indirect equity owners. Separately, he transferred 2,156 common shares to CLBB Investments in an exempt transaction under Rule 16a-13, while retaining voting and dispositive power over the shares held by that entity.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Behring Alexandre

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	2,036	$0.00	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 2,036 shares (Direct); Common Shares — 280,652 shares (Indirect, See Footnote)

Footnotes (1)

1. Represents restricted share units that are earned and vested upon grant and that settle following termination of board service. The Reporting Person transferred 2,156 Common Shares of the Issuer to CLBB Investment Holdings Fund Ltd., ("CLBB Investments") of which the Reporting Person is a director and the Reporting Person and his spouse are the direct or indirect equity owners, in an exempt transaction pursuant to Rule 16a-13 under the Securities and Exchange Act of 1954, as amended. The Reporting Person holds all voting and dispositive power over the securities held by CLBB Investments. These securities are held by CLBB Investments Holdings Fund Ltd. ("CLBB Investments"), of which the Reporting Person is a director and the Report Person and his spouse are the direct and indirect equity owners. The Reporting Person holds all voting and dispositive power over the securities held by CLBB Investments.

Form 4 Insider Transactions: What Each Field Means →

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^*

Behring Alexandre

(Last) (First) (Middle)

C/O RESTAURANT BRANDS INTERNATIONAL INC.

5707 BLUE LAGOON DRIVE

(Street)

MIAMI FL 33126

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Restaurant Brands International Inc. [ QSR ]

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)
12/31/2025

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 Shares	12/31/2025		A		2,036(1)	A	$0	2,036	D
Common Shares								280,652(2)	I	See Footnote(3)

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:

1. Represents restricted share units that are earned and vested upon grant and that settle following termination of board service.

2. The Reporting Person transferred 2,156 Common Shares of the Issuer to CLBB Investment Holdings Fund Ltd., ("CLBB Investments") of which the Reporting Person is a director and the Reporting Person and his spouse are the direct or indirect equity owners, in an exempt transaction pursuant to Rule 16a-13 under the Securities and Exchange Act of 1954, as amended. The Reporting Person holds all voting and dispositive power over the securities held by CLBB Investments.

3. These securities are held by CLBB Investments Holdings Fund Ltd. ("CLBB Investments"), of which the Reporting Person is a director and the Report Person and his spouse are the direct and indirect equity owners. The Reporting Person holds all voting and dispositive power over the securities held by CLBB Investments.

Remarks:

	/s/ Jill Granat, Attorney-in-Fact for Alexandre Behring	01/05/2026
	** 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).
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