[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

Brian A. Bales, a director of RB Global Inc. (RBA), reported acquisitions on 09/18/2025 of dividend equivalent rights tied to deferred share units and restricted share units. The filing lists three entries: 6 dividend equivalent rights (resulting beneficial ownership shown as 52), 7 dividend equivalent rights (beneficial ownership shown as 49) and 5 dividend equivalent rights (beneficial ownership shown as 10). Each dividend equivalent right represents a contingent entitlement to the economic equivalent of one RBA common share and becomes payable or exercisable concurrently with the underlying DSUs or proportionately with the related RSUs. The Form 4 was signed by an attorney-in-fact on 09/22/2025.

Insights

Corporate Governance Expert

TL;DR: Director received small dividend-equivalent rights tied to deferred and restricted units; disclosure aligns with Section 16 reporting.

The Form 4 discloses incremental accruals of dividend equivalent rights rather than open-market purchases or sales. These rights are contingent and exercisable with underlying DSUs/RSUs, indicating compensation-related accruals for a director. The report appears routine and compliant: transaction codes indicate acquisitions (A) and the filing was timely with an attorney-in-fact signature. The amounts reported are small and likely immaterial to control or influence.

Securities Analyst

TL;DR: Small, compensatory accruals of equity-linked rights; no direct cash proceeds or option exercises disclosed.

The entries show dividend equivalent rights that convert to the economic equivalent of common shares when the underlying awards vest or are paid. No exercise prices or cash consideration are recorded, consistent with dividend equivalents. The transaction sizes (6,7,5 rights) are minimal relative to typical outstanding share counts, suggesting negligible immediate market impact. Disclosure is factual and limited to compensation-related activity.

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

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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^*

Bales Brian A

(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 (DSUs)	(1)	09/18/2025		A		6		(1)	(1)	Common Shares	6	$0	52	D
Dividend Equivalent Rights (2024 RSUs)	(2)	09/18/2025		A		7		(2)	(2)	Common Shares	7	$0	49	D
Dividend Equivalent Rights (2025 RSUs)	(3)	09/18/2025		A		5		(3)	(3)	Common Shares	5	$0	10	D

Explanation of Responses:

1. The dividend equivalent rights accrued in respect of the reporting person's deferred share units, and become exercisable and payable concurrently with the deferred share units. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share.

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 Brian Bales	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.
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FAQ

What did RB Global director Brian A. Bales report on Form 4 (RBA)?

The Form 4 reports acquisitions on 09/18/2025 of dividend equivalent rights totaling 18 rights across three entries (6, 7, and 5).

What are the 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, payable or exercisable with the related DSUs or RSUs.

Did Brian Bales pay for these securities according to the filing?

The filing shows $0 as the price for the dividend equivalent rights, indicating no cash consideration was reported.

When was the Form 4 for Brian Bales signed and filed?

The Form 4 shows the attorney-in-fact signature dated 09/22/2025 and reports transactions with an earliest date of 09/18/2025.

Do the reported transactions change Brian Bales' ownership materially?

The filing lists small increments (6, 7, and 5 rights) and shows resulting beneficial ownership figures in the form; the amounts disclosed are small and likely immaterial relative to typical total share counts.