[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

Nancy Elizabeth King, Chief Technology Officer of RB Global Inc. (RBA), reported accrual and receipt of dividend equivalent rights tied to restricted share unit (RSU) grants. On 09/18/2025 she received 19 dividend equivalent rights related to 2024 RSUs and 13 dividend equivalent rights related to 2025 RSUs, representing the economic equivalent of that many RBA common shares. Following these accruals she beneficially owns 109 shares (associated with the 2024 grant) and 26 shares (associated with the 2025 grant), all held directly. The Form 4 was signed by an attorney-in-fact on 09/22/2025.

Positive

• Timely disclosure of RSU dividend equivalent accruals consistent with Section 16 reporting
• Increased alignment of executive compensation with shareholder outcomes through additional dividend equivalent rights

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider accruals of dividend equivalents on RSUs increased direct beneficial ownership by 32 economic share equivalents; no cash transaction.

The filing documents non-cash accruals of dividend equivalent rights tied to previously granted RSUs, not open-market purchases or sales. Such accruals are administrative and reflect compensation vesting mechanics rather than active trading; they increase the reporting person’s economic exposure to RBA by 19 and 13 shares respectively. This is typically neutral for valuation but confirms continued compensation alignment with equity.

Corporate Governance Expert

TL;DR: This is a standard disclosure of RSU-related dividend equivalents and indicates compliance with Section 16 reporting requirements.

The form shows timely reporting and an attorney-in-fact signature, which suggests appropriate governance controls. The accruals become exercisable pro rata with the underlying RSUs per the explanations provided. There are no indicators of material governance events, leadership change, or transfers of control 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
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^*

KING NANCY ELIZABETH

(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 Technology 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 (2024 RSUs)	(1)	09/18/2025		A		19		(1)	(1)	Common Shares	19	$0	109	D
Dividend Equivalent Rights (2025 RSUs)	(2)	09/18/2025		A		13		(2)	(2)	Common Shares	13	$0	26	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 2024 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 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 Nancy Elizabeth King	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 Nancy Elizabeth King report on the Form 4 for RBA?

She reported receipt of 19 dividend equivalent rights related to 2024 RSUs and 13 related to 2025 RSUs on 09/18/2025.

Do the transactions on this Form 4 involve cash purchases or sales?

No. The filing documents non-cash dividend equivalent rights accrued on RSU grants, not open-market trades.

How many additional economic share equivalents did the reporting person receive?

The reporting person received a total of 32 dividend equivalent rights (19 + 13), increasing her economic exposure by 32 shares.

What are the beneficial ownership totals reported after these accruals?

Following the reported transactions she beneficially owned 109 shares associated with the 2024 grant and 26 shares associated with the 2025 grant, held directly.

When was the Form 4 signed and by whom?

The Form 4 was signed on 09/22/2025 by Maria Teresa Punsalan as attorney-in-fact for Nancy Elizabeth King.