Republic Services: Gates, Cascade buy 580,810 shares

REPUBLIC SERVICES, INC.

Available on EDGAR 09/14/2026 - 06:58 PM EDT Accepted by SEC EDGAR 09/14/2026 - 06:58 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) reported that Cascade Investment, L.L.C., together with William H. Gates III as a ten percent owner, purchased a total of 580,810 shares of common stock in open-market or private transactions on September 10 and 11, 2026. The reported per-share prices are weighted-average prices for trades executed within specified intraday ranges, and no Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

Net Buyer: 580,810 shares

Net Buy 8 txns

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

Role 10% Owner | 10% Owner

Bought 580,810 shs ($129.31M)

Increase in Position 0.50%

Type	Security	Shares	Price	Value
Purchase	Common stock F5	7,596	$221.5189	$1.68M
Purchase	Common stock F6	135,482	$222.5887	$30.16M
Purchase	Common stock F7	176,547	$223.1492	$39.40M
Purchase	Common stock F8	5,185	$223.8385	$1.16M
Purchase	Common stock F1	108,147	$221.5657	$23.96M
Purchase	Common stock F2	97,992	$222.5226	$21.81M
Purchase	Common stock F3	47,819	$223.4373	$10.68M
Purchase	Common stock F4	2,042	$224.1058	$458K

Holdings After Transaction: Common stock — 117,058,444 shares (Direct)

Holdings Before and After: Common stock, 116,477,634 to 117,058,444 shares (Direct)

Footnotes (8)

1. F1. This transaction was executed in multiple trades at prices ranging from $221.0150 to $222.0125. 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 $222.0150 to $223.0100. 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 $223.0200 to $223.9900. 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.
4. F4. This transaction was executed in multiple trades at prices ranging from $224.0200 to $224.1450. 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 $220.7700 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.
6. F6. This transaction was executed in multiple trades at prices ranging from $221.8700 to $222.7650. 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 $222.7700 to $223.7350. 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 $223.7700 to $224.0000. 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: 580,810 shares Shares purchased on September 10, 2026: 256,000 shares Shares purchased on September 11, 2026: 324,810 shares +3 more

6 metrics

Total shares purchased 580,810 shares Net buy transactions reported for September 10–11, 2026

Shares purchased on September 10, 2026 256,000 shares Four purchase tranches of 108,147; 97,992; 47,819; 2,042 shares

Shares purchased on September 11, 2026 324,810 shares Four purchase tranches of 7,596; 135,482; 176,547; 5,185 shares

Lowest weighted-average purchase price $221.5189 per share 7,596-share purchase on September 11, 2026

Highest weighted-average purchase price $224.1058 per share 2,042-share purchase on September 10, 2026

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

Key Terms

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

3 terms

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"

ten percent owner regulatory

"each listed as a ten percent owner of Republic Services, Inc."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did RSG report in this Form 4?

RSG reported that Cascade Investment, L.L.C., with William H. Gates III as a ten percent owner, purchased 580,810 shares of Republic Services common stock in a series of open-market or private transactions on September 10 and 11, 2026.

How many Republic Services (RSG) shares were bought on September 10, 2026?

On September 10, 2026, the reporting persons bought 256,000 shares of RSG common stock in four tranches: 108,147 shares, 97,992 shares, 47,819 shares, and 2,042 shares, each at its own weighted-average price per share.

How many Republic Services (RSG) shares were bought on September 11, 2026?

On September 11, 2026, the reporting persons bought 324,810 shares of RSG common stock in four tranches: 7,596 shares, 135,482 shares, 176,547 shares, and 5,185 shares, each at a separate weighted-average price per share.

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

The reported weighted-average prices per share ranged from $221.5189 to $224.1058, with each line item corresponding to trades executed within its own intraday price range as described in the footnotes.

Were the Republic Services (RSG) insider purchases made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is marked so that no Rule 10b5-1 trading plan is reported for these transactions, and the footnotes do not state otherwise.

Who are the reporting persons in this RSG Form 4 filing?

The reporting persons are Cascade Investment, L.L.C. and William H. Gates III, each listed as a ten percent owner of Republic Services, Inc. common stock.

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

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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)
09/10/2026

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	09/10/2026		P		108,147	A	$221.5657(1)	116,585,781	D
Common stock	09/10/2026		P		97,992	A	$222.5226(2)	116,683,773	D
Common stock	09/10/2026		P		47,819	A	$223.4373(3)	116,731,592	D
Common stock	09/10/2026		P		2,042	A	$224.1058(4)	116,733,634	D
Common stock	09/11/2026		P		7,596	A	$221.5189(5)	116,741,230	D
Common stock	09/11/2026		P		135,482	A	$222.5887(6)	116,876,712	D
Common stock	09/11/2026		P		176,547	A	$223.1492(7)	117,053,259	D
Common stock	09/11/2026		P		5,185	A	$223.8385(8)	117,058,444	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 $221.0150 to $222.0125. 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 $222.0150 to $223.0100. 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 $223.0200 to $223.9900. 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.

4. This transaction was executed in multiple trades at prices ranging from $224.0200 to $224.1450. 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 $220.7700 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.

6. This transaction was executed in multiple trades at prices ranging from $221.8700 to $222.7650. 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 $222.7700 to $223.7350. 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 $223.7700 to $224.0000. 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	09/14/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	09/14/2026
	** 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)