RB Global Insider Sale: 2,151 Shares Sold by COO on 09/12/2025

Rhea-AI Filing Summary

RB Global Inc. (RBA) insider sale disclosed. Chief Operations Officer Michael Thomas Steven Lewis reported a sale of 2,151 common shares on 09/12/2025 at a price of $118.15 per share, leaving 0 shares beneficially owned following the transaction. The Form 4 was signed by an attorney-in-fact on 09/15/2025.

Positive

• Timely disclosure of insider transaction via Form 4
• Clear transaction details provided: date, quantity, and price

Negative

• Officer disposed of all reported holdings, beneficial ownership reported as 0 after sale
• No explanation or 10b5-1 plan referenced in the filing to contextualize the sale

Insights

Financial Analyst

TL;DR: Officer sale of 2,151 shares for ~$254k reported; appears to be a routine insider disposition.

The filing shows a single non-derivative transaction: an officer sold 2,151 common shares at $118.15 on 09/12/2025 and holds 0 shares thereafter. The disclosure is timely and executed via attorney-in-fact. There is no additional context in the filing about purpose, plan, or related transactions, so material impact assessment is limited to the reported size and timing.

Corporate Governance Expert

TL;DR: Compliance met via Form 4; sale reduces officer's direct ownership to zero, raising governance transparency considerations.

The Form 4 meets Section 16 reporting requirements by disclosing the officer's 09/12/2025 sale of 2,151 shares at $118.15, with the signature dated 09/15/2025 by an attorney-in-fact. The record shows clear reporting compliance but provides no explanation for the disposal or any affiliated trading plan. Stakeholder interpretation should rely solely on this disclosure.

Insider Trade Summary

Net Seller: 2,151 shares

Net Sell 1 txn

Insider LEWIS MICHAEL THOMAS STEVEN

Role Chief Operations Officer

Sold 2,151 shs ($254K)

Type	Security	Shares	Price	Value
Sale	Common Shares	2,151	$118.15	$254K

Holdings After Transaction: Common Shares — 0 shares (Direct)

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 09/15/2025 - 12:22 PM Learn about SEC filing dates

FAQ

What did RB Global (RBA) insider Michael Thomas Steven Lewis report on Form 4?

He reported a sale of 2,151 common shares on 09/12/2025 at $118.15 per share, leaving 0 shares owned.

When was the Form 4 for the RBA insider transaction signed?

The Form 4 was signed by an attorney-in-fact on 09/15/2025.

What position does the reporting person hold at RB Global (RBA)?

The reporting person is the company's Chief Operations Officer and an officer of the issuer.

Does the filing indicate this transaction was part of a 10b5-1 trading plan?

No. The filing does not indicate the transaction was made pursuant to a 10b5-1 plan.

How many shares did the officer own after the reported transaction?

The filing reports 0 shares beneficially owned following the reported sale.

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^*

LEWIS MICHAEL THOMAS STEVEN

(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 Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		S		2,151	D	$118.15	0	D

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:

	/s/ Maria Teresa Punsalan, attorney-in-fact for Michael Thomas Steven Lewis	09/15/2025
	** 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.