Cascade, Bill Gates buy 356K Republic shares

REPUBLIC SERVICES, INC.

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) had significant insider buying reported by CASCADE INVESTMENT, L.L.C. and William H. Gates III, each a ten percent owner. On August 14 and 17, 2026, they purchased a total of 356,050 shares of common stock in open-market or private transactions at weighted-average prices between $213.00 and $215.96 per share, executed through multiple trades within disclosed intraday price ranges.

Insider Trade Summary

Net Buyer: 356,050 shares

Net Buy 5 txns

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

Role 10% Owner | 10% Owner

Bought 356,050 shs ($76.64M)

Type	Security	Shares	Price	Value
Purchase	Common stock	100	$213.00	$21K
Purchase	Common stock F3	108,545	$214.6246	$23.30M
Purchase	Common stock F4	98,155	$215.2534	$21.13M
Purchase	Common stock F1	49,521	$215.2686	$10.66M
Purchase	Common stock F2	99,729	$215.9579	$21.54M

Holdings After Transaction: Common stock — 112,024,656 shares (Direct)

Footnotes (4)

1. F1. This transaction was executed in multiple trades at prices ranging from $214.6200 to $215.6100. 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 $215.6200 to $216.5700. 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 $214.0700 to $214.9950. 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 $215.0000 to $215.8600. 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.

Key Figures

Total shares purchased: 356,050 shares Single-share purchase: 100 shares Largest single transaction: 108,545 shares +4 more

7 metrics

Total shares purchased 356,050 shares Aggregate non-derivative common stock purchases reported by insiders

Single-share purchase 100 shares Common stock bought at $213.0000 per share on 2026-08-17

Largest single transaction 108,545 shares Common stock purchase on 2026-08-17 at $214.6246 weighted-average price

Second largest transaction 99,729 shares Common stock purchase on 2026-08-14 at $215.9579 weighted-average price

Price range F1 $214.6200–$215.6100 Intraday trade range for one 2026-08-14 weighted-average purchase

Price range F2 $215.6200–$216.5700 Intraday trade range for another 2026-08-14 weighted-average purchase

Net buy-sell direction 356,050 net-buy shares Transaction summary for this Form 4 reporting period

Key Terms

ten percent owner, weighted-average price per share, open market or private transaction, non-derivative, +1 more

5 terms

ten percent owner regulatory

"reportingPersons list CASCADE INVESTMENT, L.L.C. and GATES WILLIAM H III as is_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 market

"transaction_code_description: Purchase in open market or private transaction"

non-derivative financial

"transaction_type: non-derivative"

net-buy financial

"transactionSummary shows netBuySellDirection: net-buy"

FAQ

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

What insider activity was reported for RSG in this Form 4?

The Form 4 reports that CASCADE INVESTMENT, L.L.C. and William H. Gates III, both ten percent owners, purchased 356,050 shares of Republic Services common stock across five open-market or private transactions in August 2026.

How many Republic Services (RSG) shares did the insiders buy and on which dates?

The reporting persons bought 356,050 shares of RSG common stock on August 14, 2026 and August 17, 2026, through five separate non-derivative purchase transactions reported in this filing.

At what prices were the Republic Services (RSG) insider purchases made?

Reported weighted-average purchase prices ranged from $213.00 to $215.96 per share, with underlying multiple trades executed in price ranges from $214.07 up to $216.57, as detailed in the transaction footnotes.

Were the Republic Services (RSG) insider purchases single trades or multiple trades?

Most reported transactions were executed in multiple trades within specified price ranges, and the filing discloses a weighted-average price per share for each such transaction, with full trade breakdowns available upon request.

Does the Form 4 indicate any insider sales for Republic Services (RSG)?

No. The transaction summary shows 5 purchase transactions totaling 356,050 shares bought and 0 shares sold, resulting in a net-buy position for the reporting period covered by this Form 4.

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

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Available on EDGAR 08/18/2026 - 04:54 PM Accepted by SEC EDGAR 08/18/2026 - 04:54 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)
08/14/2026

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	08/14/2026		P		49,521	A	$215.2686(1)	111,718,127	D
Common stock	08/14/2026		P		99,729	A	$215.9579(2)	111,817,856	D
Common stock	08/17/2026		P		100	A	$213	111,817,956	D
Common stock	08/17/2026		P		108,545	A	$214.6246(3)	111,926,501	D
Common stock	08/17/2026		P		98,155	A	$215.2534(4)	112,024,656	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 $214.6200 to $215.6100. 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 $215.6200 to $216.5700. 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 $214.0700 to $214.9950. 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 $215.0000 to $215.8600. 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.

	Cascade Investment, L.L.C. by: /s/ Alan Heuberger, Attorney-in-fact for Michael Larson, Business Manager	08/18/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	08/18/2026
	** 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)