Republic Services insider buys 534K shares

Two ten percent owners of RSG reported open‑market purchases totaling 534,000 shares over September 1–2, 2026 at prices around $221–$224 per share.

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) had significant insider buying reported by two ten percent owners, Cascade Investment, L.L.C. and William H. Gates III. On September 1–2, 2026, the reporting persons purchased a total of 534,000 shares of RSG common stock in open-market or private transactions.

The eight reported purchases were executed at weighted-average prices ranging from about $221.19 to $223.93 per share, with underlying trade ranges between approximately $220.66 and $224.43 per share, according to the footnotes. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Buyer: 534,000 shares

Net Buy 8 txns

Insider CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III

Role 10% Owner | 10% Owner

Bought 534,000 shs ($119.10M)

Type	Security	Shares	Price	Value
Purchase	Common stock F5	24,667	$221.1851	$5.46M
Purchase	Common stock F6	63,286	$222.4618	$14.08M
Purchase	Common stock F7	97,068	$223.3525	$21.68M
Purchase	Common stock F8	144,179	$223.9274	$32.29M
Purchase	Common stock F1	21,239	$221.3543	$4.70M
Purchase	Common stock F2	69,586	$222.2206	$15.46M
Purchase	Common stock F3	105,105	$223.1488	$23.45M
Purchase	Common stock F4	8,870	$223.8275	$1.99M

Holdings After Transaction: Common stock — 115,021,527 shares (Direct)

Footnotes (8)

1. F1. This transaction was executed in multiple trades at prices ranging from $220.6550 to $221.6500. 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 $221.6550 to $222.6500. 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 $222.6550 to $223.6500. 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 $223.6550 to $224.4250. 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 $220.7000 to $221.6900. 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 $221.7100 to $222.6950. 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 $222.7000 to $223.6950. 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 $223.7000 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.

Key Figures

Total shares purchased: 534,000 shares Number of purchase transactions: 8 transactions Weighted-average price (lowest transaction): $221.19 per share +3 more

6 metrics

Total shares purchased 534,000 shares Non-derivative common stock purchases reported in this Form 4

Number of purchase transactions 8 transactions All reported as open-market or private purchases of common stock

Weighted-average price (lowest transaction) $221.19 per share Purchase of 24,667 shares on September 2, 2026

Weighted-average price (highest transaction) $223.93 per share Purchase of 144,179 shares on September 2, 2026

Price range of underlying trades (overall low) $220.6550 per share Lower bound of multiple-trade range noted in the footnotes

Price range of underlying trades (overall high) $224.4250 per share Upper bound of multiple-trade range noted in the footnotes

Key Terms

ten percent owner, weighted-average price per share, open market or private transaction, non-derivative

4 terms

ten percent owner regulatory

"Each reporting person is identified as a ten percent owner"

weighted-average price per share financial

"The price set forth above reflects the weighted-average price per share"

open market or private transaction financial

"Purchase in open market or private transaction"

non-derivative financial

"transaction_type is listed as non-derivative for each purchase"

FAQ

Who reported the insider transactions in RSG common stock?

The filing reports transactions by Cascade Investment, L.L.C. and William H. Gates III, each identified as a ten percent owner of Republic Services, Inc. common stock. Both are listed as reporting persons on this Form 4.

How many RSG shares were purchased in this Form 4?

The reporting persons disclosed purchases totaling 534,000 shares of Republic Services, Inc. common stock. These shares were acquired across eight separate non-derivative transactions reported for September 1 and 2, 2026.

On what dates did the RSG insider purchases occur?

The purchases of Republic Services, Inc. common stock were reported for September 1, 2026 and September 2, 2026. All eight transactions in the filing fall on these two consecutive trading days.

What prices were paid for the RSG shares in these insider purchases?

Each transaction reports a weighted-average price per share between about $221.19 and $223.93. Footnotes state the underlying trades were executed in multiple lots within price ranges from roughly $220.66 to $224.43 per share.

Were the RSG purchases made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and the footnotes provide execution price ranges but do not describe any Rule 10b5-1 or pre-arranged trading plan for these transactions.

How many separate RSG transactions are reported in this Form 4?

The filing’s transaction summary shows 8 buy transactions and 0 sales of Republic Services, Inc. common stock, all categorized as non-derivative purchases in open-market or private transactions.

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Available on EDGAR 09/03/2026 - 04:27 PM Accepted by SEC EDGAR 09/03/2026 - 04:15 PM Learn about SEC filing dates

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^*

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)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common stock	09/01/2026		P		21,239	A	$221.3543(1)	114,508,766	D
Common stock	09/01/2026		P		69,586	A	$222.2206(2)	114,578,352	D
Common stock	09/01/2026		P		105,105	A	$223.1488(3)	114,683,457	D
Common stock	09/01/2026		P		8,870	A	$223.8275(4)	114,692,327	D
Common stock	09/02/2026		P		24,667	A	$221.1851(5)	114,716,994	D
Common stock	09/02/2026		P		63,286	A	$222.4618(6)	114,780,280	D
Common stock	09/02/2026		P		97,068	A	$223.3525(7)	114,877,348	D
Common stock	09/02/2026		P		144,179	A	$223.9274(8)	115,021,527	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

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

	Director	X	10% 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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $220.6550 to $221.6500. 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 $221.6550 to $222.6500. 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 $222.6550 to $223.6500. 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 $223.6550 to $224.4250. 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 $220.7000 to $221.6900. 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 $221.7100 to $222.6950. 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 $222.7000 to $223.6950. 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 $223.7000 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 Manager	09/03/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	09/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)