[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider acquisition recorded on Form 4 for RB GLOBAL INC. (RBA). On 09/18/2025, reporting person Elton Robert George received dividend equivalent rights tied to deferred share units and restricted share units. The filing shows 87 dividend equivalent rights related to deferred share units, 9 related to 2024 RSUs, and 6 related to 2025 RSUs, each representing a contingent right to the economic equivalent of one common share. After these accruals, the amounts reported as beneficially owned following the transactions were 4,464, 62, and 13 common shares respectively, held directly. The dividend equivalents become exercisable and payable concurrently with the underlying deferred share units or proportionately with the related RSUs.

Positive

• Director increased direct beneficial ownership through accrual of dividend equivalent rights (87, 9 and 6 units).
• Disclosure is timely and specific with transaction date 09/18/2025 and explicit post-transaction ownership amounts (4,464; 62; 13).

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received small accruals of dividend equivalent rights tied to deferred units and RSUs; routine insider compensation event.

The Form 4 documents a non-cash accrual of dividend equivalent rights on 09/18/2025 for a board director, not an open-market purchase or sale. Each dividend equivalent right converts to the economic equivalent of one common share when the underlying deferred share units or restricted share units vest or pay out. The reported increments—87, 9 and 6 rights—are modest and recorded as direct beneficial ownership additions, reflecting compensation mechanics rather than trading activity. This is a governance/compensation disclosure with limited immediate market impact.

Securities Analyst

TL;DR: Minor increase in direct beneficial ownership from dividend equivalents; no price or market transaction reported.

The filing does not show any purchase price or open-market transaction code; it reports accruals (transaction code A) of dividend equivalent rights that are contingent on the underlying equity awards. The beneficial ownership totals after the accruals are explicitly listed as 4,464, 62 and 13 common shares for the respective items. Because these are compensation-related accruals with $0 price and contingent settlement, they do not represent cash outflow or liquidity events and are unlikely to materially change valuation metrics.

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^*

Elton Robert George

(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		87		(1)	(1)	Common Shares	87	$0	4,464	D
Dividend Equivalent Rights (2024 RSUs)	(2)	09/18/2025		A		9		(2)	(2)	Common Shares	9	$0	62	D
Dividend Equivalent Rights (2025 RSUs)	(3)	09/18/2025		A		6		(3)	(3)	Common Shares	6	$0	13	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 Robert George Elton	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 insider Elton Robert George report on Form 4 (RBA)?

The Form 4 reports accruals of dividend equivalent rights on 09/18/2025: 87 related to deferred share units, 9 related to 2024 RSUs, and 6 related to 2025 RSUs.

Do the reported transactions show an open-market purchase or sale?

No. The transactions are coded as accruals/compensation (Transaction Code A) with a reported price of $0, not open-market trades.

How many shares does Elton Robert George beneficially own after the reported accruals?

The filing shows post-transaction beneficial ownership amounts of 4,464, 62, and 13 common shares for the respective items reported.

When do the dividend equivalent rights become exercisable or payable?

They become exercisable and payable concurrently with the deferred share units or proportionately with the related RSUs, per the filing explanations.

Was a price per share reported for these transactions?

No. The Form 4 lists the price as $0 because these are dividend equivalent accruals, not purchases.