STOCK TITAN
  1. Home
  2. Sec-filings
  3. RSG
  4. [Form 4] REPUBLIC SERVICES, INC. Insider Trading Activity

Cascade Investment (NYSE: RSG holder) adds 488,000 Republic Services shares in open-market buys

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

Rhea-AI Filing Summary

Cascade Investment, L.L.C., a ten percent owner of Republic Services, Inc., reported a series of open-market purchases of common stock. Over May 14–18, Cascade bought a total of 488,000 shares at weighted-average prices generally between about $206 and $215 per share, increasing its already substantial position in the company.

Positive

  • None.

Negative

  • None.

Insights

Cascade made sizeable open-market share purchases over several days.

Cascade Investment, L.L.C., identified as a ten percent owner of Republic Services, executed 14 open-market purchases of common stock between May 14 and May 18. The filing shows an aggregate of 488,000 shares acquired, all coded as open-market buys.

Transaction prices used weighted-average figures, with individual trades executed in price ranges from roughly $206.03 to $215.46 per share, as detailed in the footnotes. The filing lists only non-derivative purchases and no derivative exercises or sales.

Because the transactions are spread across multiple price bands and days, they appear as a program of accumulation rather than a one-off block. Actual portfolio impact depends on Cascade’s broader holdings and strategy, which are outside the scope of this single Form 4.

Insider CASCADE INVESTMENT, L.L.C., GATES WILLIAM H III
Role 10% Owner | 10% Owner
Bought 488,000 shs ($101.84M)
Type Security Shares Price Value
Purchase Common stock 380 $208.2821 $79K
Purchase Common stock 4,200 $210.3808 $884K
Purchase Common stock 9,200 $211.4839 $1.95M
Purchase Common stock 8,084 $212.2806 $1.72M
Purchase Common stock 8,900 $213.1773 $1.90M
Purchase Common stock 22,828 $214.5189 $4.90M
Purchase Common stock 7,108 $215.1108 $1.53M
Purchase Common stock 28,406 $207.9972 $5.91M
Purchase Common stock 50,723 $208.5545 $10.58M
Purchase Common stock 23,067 $209.6504 $4.84M
Purchase Common stock 17,599 $210.5843 $3.71M
Purchase Common stock 58,840 $206.7134 $12.16M
Purchase Common stock 151,554 $207.5109 $31.45M
Purchase Common stock 97,111 $208.5193 $20.25M
Holdings After Transaction: Common stock — 110,803,982 shares (Direct)
Footnotes (14)
  1. F1. This transaction was executed in multiple trades at prices ranging from $206.0300 to $207.0200. 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 $207.0300 to $208.0250. 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 $208.0300 to $208.9700. 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.
  4. F4. This transaction was executed in multiple trades at prices ranging from $207.2950 to $208.2925. 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 $208.3025 to $209.2900. 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 $209.3000 to $210.2750. 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 $210.3050 to $211.1200. 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 $207.8700 to $208.7400. 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 $209.9100 to $210.8600. 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 $210.8900 to $211.8600. 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 $211.8800 to $212.8600 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 $212.8800 to $213.6600. 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.
  13. F13. This transaction was executed in multiple trades at prices ranging from $214.1600 to $214.8600. 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.
  14. F14. This transaction was executed in multiple trades at prices ranging from $214.8900 to $215.4600. 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 488,000 shares Aggregate open-market buys per transactionSummary
Number of buy transactions 14 trades Open-market purchases on May 14, 15 and 18
Example weighted-average price $207.5109/share One May 14 purchase of 151,554 shares
Highest reported weighted-average price $215.1108/share May 18 purchase of 7,108 shares
Largest single trade size 151,554 shares Non-derivative common stock bought on May 14
Ten percent owner status 10%+ holder Cascade Investment flagged as ten percent owner
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner financial
""is_ten_percent_owner": 1"
weighted-average price per share financial
"The price set forth above reflects the weighted-average price per share."
non-derivative financial
""transaction_type": "non-derivative""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →

FAQ

How many Republic Services (RSG) shares did Cascade Investment buy in this Form 4?
Cascade Investment, L.L.C. bought a total of 488,000 shares of Republic Services common stock. The purchases occurred over several transactions between May 14 and May 18, all reported as open-market buys of non-derivative common stock.

Over what dates did Cascade Investment purchase Republic Services (RSG) shares?
The reported purchases took place on May 14, May 15, and May 18. Across these three trading days, Cascade Investment executed 14 separate open-market transactions in Republic Services common stock, as shown in the Form 4 transaction table.

What prices did Cascade Investment pay for Republic Services (RSG) stock?
Cascade’s reported weighted-average purchase prices range from about $206 to $215 per share. Footnotes explain each transaction was executed in multiple trades within specific price ranges, with the disclosed price reflecting the weighted-average per share for that group.

Is the Republic Services (RSG) Form 4 an insider buy or sell filing?
This Form 4 reports only insider purchases by Cascade Investment, L.L.C. All 14 transactions are coded “P” for open-market purchases, with a transactionSummary showing 488,000 shares bought and no reported sales or derivative exercises.

Who is the reporting person in this Republic Services (RSG) Form 4?
The filing lists Cascade Investment, L.L.C. and William H. Gates III as reporting persons. Cascade is identified as a ten percent owner of Republic Services, and the reported transactions involve direct holdings of common stock.

Does this Republic Services (RSG) Form 4 include derivative or option transactions?
No. All reported transactions involve non-derivative common stock coded as open-market purchases. The derivativeSummary section is empty, and there are no option exercises, conversions, gifts, or tax-withholding entries disclosed in this Form 4.
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)
05/14/2026		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 stock05/14/2026P58,840A$206.7134(1)110,374,822D
Common stock05/14/2026P151,554A$207.5109(2)110,526,376D
Common stock05/14/2026P97,111A$208.5193(3)110,623,487D
Common stock05/15/2026P28,406A$207.9972(4)110,651,893D
Common stock05/15/2026P50,723A$208.5545(5)110,702,616D
Common stock05/15/2026P23,067A$209.6504(6)110,725,683D
Common stock05/15/2026P17,599A$210.5843(7)110,743,282D
Common stock05/18/2026P380A$208.2821(8)110,743,662D
Common stock05/18/2026P4,200A$210.3808(9)110,747,862D
Common stock05/18/2026P9,200A$211.4839(10)110,757,062D
Common stock05/18/2026P8,084A$212.2806(11)110,765,146D
Common stock05/18/2026P8,900A$213.1773(12)110,774,046D
Common stock05/18/2026P22,828A$214.5189(13)110,796,874D
Common stock05/18/2026P7,108A$215.1108(14)110,803,982D
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 $206.0300 to $207.0200. 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 $207.0300 to $208.0250. 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 $208.0300 to $208.9700. 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.
4. This transaction was executed in multiple trades at prices ranging from $207.2950 to $208.2925. 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 $208.3025 to $209.2900. 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 $209.3000 to $210.2750. 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 $210.3050 to $211.1200. 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 $207.8700 to $208.7400. 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 $209.9100 to $210.8600. 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 $210.8900 to $211.8600. 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 $211.8800 to $212.8600 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 $212.8800 to $213.6600. 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.
13. This transaction was executed in multiple trades at prices ranging from $214.1600 to $214.8600. 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.
14. This transaction was executed in multiple trades at prices ranging from $214.8900 to $215.4600. 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 Manager05/18/2026
William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact05/18/2026
** 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