[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

Deborah Stein, a director of RB Global Inc. (Ticker: RBA), reported acquisitions on a Form 4 dated 09/18/2025. The filing shows she received 7 dividend equivalent rights related to the 2024 restricted share unit (RSU) grant and 5 dividend equivalent rights related to the 2025 RSU grant. Each dividend equivalent right represents the economic equivalent of one common share and becomes exercisable proportionately with the underlying RSUs. The Form 4 lists the underlying titles as Common Shares, with post-transaction beneficial ownership figures shown as 49 and 10 shares for the respective grant-related rights. The transactions were reported as acquisitions (code A) with no cash price reported.

Positive

• Clear disclosure of acquisitions tied to RSU grants for a company director
• 12 dividend equivalent rights reported in total (7 from 2024 RSUs and 5 from 2025 RSUs), with post-transaction beneficial ownership figures provided
• Filed by attorney-in-fact and signed, indicating administrative completeness

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider receipt of dividend-equivalent rights from RSU grants; disclosure is compliant and immaterial to immediate valuation.

The Form 4 indicates non-cash acquisitions tied to existing equity compensation: 7 dividend equivalent rights from 2024 RSUs and 5 from 2025 RSUs, each convertible to the economic equivalent of one RBA common share and exercisable with the underlying RSUs. These entries are recorded as acquisitions (code A) and show post-transaction beneficial ownership counts. There is no cash consideration shown, and the filing appears to be a standard required disclosure by a director rather than a market-moving event.

Corporate Governance Expert

TL;DR: Disclosure follows Section 16 reporting norms; the items are compensation-related and raise no immediate governance concerns.

The reporting was executed by an attorney-in-fact and signed on behalf of Deborah Stein, which is an accepted practice for timely filings. The entries describe dividend equivalent rights tied to RSU grants, which align with typical executive/director equity compensation structures. The filing shows transparent reporting of beneficial ownership changes; no departures from standard governance or disclosure procedures are evident in the text provided.

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^*

Stein Deborah

(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)

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

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 (2024 RSUs)	(2)	09/18/2025		A		7		(2)	(2)	Common Shares	7	$0	49	D
Dividend Equivalent Rights (2025 RSUs)	(1)	09/18/2025		A		5		(1)	(1)	Common Shares	5	$0	10	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 2025 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.

	/s/ Maria Teresa Punsalan, attorney-in-fact for Deborah Stein	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 transactions did Deborah Stein report on Form 4 for RBA?

She reported acquisitions of dividend equivalent rights: 7 related to 2024 RSUs and 5 related to 2025 RSUs, each tied to RBA common shares.

When were the transactions executed and reported?

The transactions are dated 09/18/2025 and the Form 4 bears a signature date of 09/22/2025.

How many shares are shown as beneficially owned after the reported transactions?

The filing lists post-transaction beneficial ownership amounts of 49 and 10 common shares corresponding to the two entries shown.

What is a dividend equivalent right in this filing?

The filing states each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share and vests proportionately with the underlying RSUs.

Who signed the Form 4 on behalf of Deborah Stein?

The form was signed by Maria Teresa Punsalan, attorney-in-fact for Deborah Stein.