[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider Form 4 summary for RB Global Inc. (RBA)

Christopher Carlson, Chief Accounting Officer, reported acquisitions of dividend equivalent rights tied to restricted share unit grants. On 09/18/2025 he acquired 3 dividend equivalent rights related to 2023 RSUs, 6 related to 2024 RSUs, and 3 related to 2025 RSUs, representing the contingent economic equivalent of the indicated number of RBA common shares. After these transactions he beneficially owns 36, 54, and 6 shares attributable to each respective grant, reported as direct ownership. The form was signed by an attorney-in-fact on 09/22/2025.

Positive

• Timely disclosure of insider transactions under Section 16 is provided
• Clear explanation that dividend equivalent rights are contingent and vest with underlying RSUs
• Direct beneficial ownership amounts are reported for each RSU grant series

Negative

• None.

Insights

Financial Analyst

TL;DR: Officer reported small acquisitions of dividend-equivalent rights tied to RSUs; disclosure is routine and non-material on its face.

The filing documents accrued dividend equivalent rights for three separate RSU grants (2023, 2024, 2025) with modest share equivalents (3, 6, 3). These rights are contingent payments that vest proportionately with the underlying RSUs and carry a stated economic equivalence to common shares at a $0 price. The report shows direct beneficial ownership figures for each grant series rather than transfers or sales. There is no disclosure in this form of cash considerations, option exercises, or changes to compensation arrangements beyond the accrual of dividend equivalents.

Corporate Governance Expert

TL;DR: Filing reflects routine insider compensation accruals and timely Section 16 reporting; no governance red flags are evident in the filing alone.

The Form 4 indicates standard reporting of dividend equivalent rights associated with previously granted RSUs. The descriptor clarifies the rights become exercisable proportionately with the underlying RSUs, which is consistent with common equity compensation practices. The form is signed by an authorized attorney-in-fact, documenting compliance with signature requirements. No departures from standard disclosure practice are shown in this filing.

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
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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^*

Carlson Christopher

(Last) (First) (Middle)

C/O RB GLOBAL, INC.

2 WESTBROOK CORPORATE CENTER

(Street)

WESTCHESTER IL 60154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RB GLOBAL INC. [ RBA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

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

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
Dividend Equivalent Rights (2023 RSUs)	(1)	09/18/2025		A		3		(1)	(1)	Common Shares	3	$0	36	D
Dividend Equivalent Rights (2024 RSUs)	(2)	09/18/2025		A		6		(2)	(2)	Common Shares	6	$0	54	D
Dividend Equivalent Rights (2025 RSUs)	(3)	09/18/2025		A		3		(3)	(3)	Common Shares	3	$0	6	D

Explanation of Responses:

1. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2023 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.

2. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2024 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.

3. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2025 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.

	/s/ Maria Teresa Punsalan, attorney-in-fact for Christopher Carlson	09/22/2025
	** 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

What did Christopher Carlson report on Form 4 for RBA?

He reported acquisitions of dividend equivalent rights: 3 for 2023 RSUs, 6 for 2024 RSUs, and 3 for 2025 RSUs, on 09/18/2025.

What are dividend equivalent rights reported in the RBA Form 4?

Each dividend equivalent right is a contingent right to receive the economic equivalent of one RBA common share, exercisable proportionately with the related RSUs.

How many shares does Carlson beneficially own after these reported transactions?

The filing lists beneficial ownership attributable to the grants as 36 (2023 RSUs), 54 (2024 RSUs), and 6 (2025 RSUs).

When were the transactions and when was the Form 4 signed?

The transactions occurred on 09/18/2025 and the Form 4 was signed by counsel on 09/22/2025.

Does the Form 4 show any cash purchase price for these rights?

No; the filing shows a $0 price for the dividend equivalent rights, indicating they represent contingent economic equivalents rather than cash purchases.