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  4. [Form 4] REPUBLIC SERVICES, INC. Insider Trading Activity

Bill Gates (NYSE: RSG) buys Republic shares outside preset trading plan

Filing Impact
(Very High)
Filing Sentiment
(Very Positive)
Form Type
4

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) reported open-market insider purchases by Cascade Investment, L.L.C. and William H. Gates III, both listed as ten percent owners. Over August 18–19, 2026, they purchased a reported 378,969 shares of common stock in 12 non-derivative transactions. Each line item reflects a weighted-average price per share, with underlying trades executed in price ranges from $216.0000 to $224.2300 as disclosed in the footnotes.

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Insider CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III
Role 10% Owner | 10% Owner
Bought 378,969 shs ($83.40M)
Type Security Shares Price Value
Purchase Common stock F4 705 $216.6491 $153K
Purchase Common stock F5 1,400 $217.5244 $305K
Purchase Common stock F6 2,049 $218.6433 $448K
Purchase Common stock F7 2,175 $219.4929 $477K
Purchase Common stock F8 4,432 $220.8164 $979K
Purchase Common stock F9 39,272 $221.4089 $8.70M
Purchase Common stock F10 57,464 $222.6553 $12.79M
Purchase Common stock F11 68,569 $223.448 $15.32M
Purchase Common stock F12 2,778 $224.0853 $623K
Purchase Common stock F1 6,190 $216.839 $1.34M
Purchase Common stock F2 166,858 $217.8728 $36.35M
Purchase Common stock F3 27,077 $218.3258 $5.91M
Holdings After Transaction: Common stock — 112,403,625 shares (Direct)
Footnotes (12)
  1. F1. This transaction was executed in multiple trades at prices ranging from $216.2450 to $217.2400. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  2. F2. This transaction was executed in multiple trades at prices ranging from $217.2450 to $218.2400. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  3. F3. This transaction was executed in multiple trades at prices ranging from $218.2450 to $218.5600. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  4. F4. This transaction was executed in multiple trades at prices ranging from $216.0000 to $216.9150. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  5. F5. This transaction was executed in multiple trades at prices ranging from $217.0000 to $217.8800. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  6. F6. This transaction was executed in multiple trades at prices ranging from $218.1000 to $218.9900. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  7. F7. This transaction was executed in multiple trades at prices ranging from $219.0400 to $219.8300. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  8. F8. This transaction was executed in multiple trades at prices ranging from $220.1100 to $220.9900. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  9. F9. This transaction was executed in multiple trades at prices ranging from $221.0000 to $221.9700. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  10. F10. This transaction was executed in multiple trades at prices ranging from $222.0200 to $222.9900. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  11. F11. This transaction was executed in multiple trades at prices ranging from $223.0000 to $223.9925. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
  12. F12. This transaction was executed in multiple trades at prices ranging from $224.0000 to $224.2300. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
Total shares purchased 378,969 shares Aggregate non-derivative purchases reported for August 18–19, 2026
Number of purchase transactions 12 transactions Non-derivative transactions coded P (purchase in open market or private transaction)
Lowest trade range price $216.0000 per share Lowest price in the disclosed intraday ranges (footnote F4)
Highest trade range price $224.2300 per share Highest price in the disclosed intraday ranges (footnote F12)
Example weighted-average price $221.4089 per share Weighted-average price for a 39,272-share purchase on August 19, 2026
ten percent owner regulatory
"reporting persons are listed as a ten percent owner of Republic Services, Inc."
weighted-average price per share financial
"The price set forth above reflects the weighted-average price per share."
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox, which indicates transactions made pursuant"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider activity did RSG report in this Form 4?
The filing reports that Cascade Investment, L.L.C. and William H. Gates III, both ten percent owners, purchased 378,969 shares of Republic Services, Inc. common stock in open-market transactions on August 18–19, 2026.

How many Republic Services (RSG) shares were bought and over how many transactions?
The reporting persons bought a total of 378,969 common shares of Republic Services, Inc. across 12 non-derivative purchase transactions, all coded “P” for open-market or private purchases.

At what prices were the RSG shares purchased in this insider filing?
Each transaction shows a weighted-average price per share. Footnotes state that the underlying trades were executed in ranges from $216.0000 to $224.2300 per share, with the reported prices reflecting the weighted-average within each range.

Who are the reporting persons in this Republic Services (RSG) Form 4?
The reporting persons are Cascade Investment, L.L.C. and William H. Gates III, each identified in the form as a ten percent owner of Republic Services, Inc.

Were the RSG insider purchases made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox, which indicates transactions made pursuant to a Rule 10b5-1 trading plan, is not checked. The footnotes describe price ranges and weighted averages but do not reference a trading plan.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CASCADE INVESTMENT, L.L.C.
(Last)(First)(Middle)
2365 CARILLON POINT
(Street)
KIRKLAND WASHINGTON 98033
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
REPUBLIC SERVICES, INC. [ RSG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common stock08/18/2026P6,190A$216.839(1)112,030,846D
Common stock08/18/2026P166,858A$217.8728(2)112,197,704D
Common stock08/18/2026P27,077A$218.3258(3)112,224,781D
Common stock08/19/2026P705A$216.6491(4)112,225,486D
Common stock08/19/2026P1,400A$217.5244(5)112,226,886D
Common stock08/19/2026P2,049A$218.6433(6)112,228,935D
Common stock08/19/2026P2,175A$219.4929(7)112,231,110D
Common stock08/19/2026P4,432A$220.8164(8)112,235,542D
Common stock08/19/2026P39,272A$221.4089(9)112,274,814D
Common stock08/19/2026P57,464A$222.6553(10)112,332,278D
Common stock08/19/2026P68,569A$223.448(11)112,400,847D
Common stock08/19/2026P2,778A$224.0853(12)112,403,625D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
CASCADE INVESTMENT, L.L.C.
(Last)(First)(Middle)
2365 CARILLON POINT
(Street)
KIRKLAND WASHINGTON 98033
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
GATES WILLIAM H III
(Last)(First)(Middle)
2365 CARILLON POINT
(Street)
KIRKLAND WASHINGTON 98033
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $216.2450 to $217.2400. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
2. This transaction was executed in multiple trades at prices ranging from $217.2450 to $218.2400. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
3. This transaction was executed in multiple trades at prices ranging from $218.2450 to $218.5600. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
4. This transaction was executed in multiple trades at prices ranging from $216.0000 to $216.9150. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
5. This transaction was executed in multiple trades at prices ranging from $217.0000 to $217.8800. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
6. This transaction was executed in multiple trades at prices ranging from $218.1000 to $218.9900. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
7. This transaction was executed in multiple trades at prices ranging from $219.0400 to $219.8300. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
8. This transaction was executed in multiple trades at prices ranging from $220.1100 to $220.9900. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
9. This transaction was executed in multiple trades at prices ranging from $221.0000 to $221.9700. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
10. This transaction was executed in multiple trades at prices ranging from $222.0200 to $222.9900. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
11. This transaction was executed in multiple trades at prices ranging from $223.0000 to $223.9925. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
12. This transaction was executed in multiple trades at prices ranging from $224.0000 to $224.2300. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
Cascade Investment, L.L.C. by: /s/ Alan Heuberger, Attorney-in-fact for Michael Larson, Business Manager08/20/2026
William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact08/20/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR