Bill Gates fund buys 560K Republic shares

REPUBLIC SERVICES, INC.

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) had insider activity reported by Cascade Investment, L.L.C. and William H. Gates III, both ten percent owners. On August 26–27, 2026, they reported open-market purchases totaling 560,100 shares of common stock at weighted-average prices around $219–$222 per share, executed through multiple trades at varying prices.

Insider Trade Summary

Net Buyer: 560,100 shares

Net Buy 6 txns

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

Role 10% Owner | 10% Owner

Bought 560,100 shs ($123.51M)

Type	Security	Shares	Price	Value
Purchase	Common stock F4	235,978	$219.4076	$51.78M
Purchase	Common stock F5	47,555	$220.0476	$10.46M
Purchase	Common stock F6	1,067	$221.0568	$236K
Purchase	Common stock F1	12,334	$220.8399	$2.72M
Purchase	Common stock F2	211,098	$221.4312	$46.74M
Purchase	Common stock F3	52,068	$222.1843	$11.57M

Holdings After Transaction: Common stock — 113,935,127 shares (Direct)

Footnotes (6)

1. F1. This transaction was executed in multiple trades at prices ranging from $220.0000 to $220.9850. 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 $221.0000 to $221.9950. 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.
3. F3. This transaction was executed in multiple trades at prices ranging from $222.0000 to $222.5700. 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.
4. F4. This transaction was executed in multiple trades at prices ranging from $218.8900 to $219.8850. 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 $219.8900 to $220.6450. 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 $220.9200 to $221.3800. 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: 560,100 shares Shares purchased 2026-08-27 (block 1): 235,978 shares at $219.4076 per share Shares purchased 2026-08-27 (block 2): 47,555 shares at $220.0476 per share +4 more

7 metrics

Total shares purchased 560,100 shares Aggregate net buy shares reported across all transactions on August 26–27, 2026

Shares purchased 2026-08-27 (block 1) 235,978 shares at $219.4076 per share Common stock purchase coded P with weighted-average price; prices ranged from $218.8900 to $219.8850

Shares purchased 2026-08-27 (block 2) 47,555 shares at $220.0476 per share Common stock purchase coded P; trade prices ranged from $219.8900 to $220.6450

Shares purchased 2026-08-27 (block 3) 1,067 shares at $221.0568 per share Common stock purchase coded P; trade prices ranged from $220.9200 to $221.3800

Shares purchased 2026-08-26 (block 1) 12,334 shares at $220.8399 per share Common stock purchase coded P; trade prices ranged from $220.0000 to $220.9850

Shares purchased 2026-08-26 (block 2) 211,098 shares at $221.4312 per share Common stock purchase coded P; trade prices ranged from $221.0000 to $221.9950

Shares purchased 2026-08-26 (block 3) 52,068 shares at $222.1843 per share Common stock purchase coded P; trade prices ranged from $222.0000 to $222.5700

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

"each identified 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."

open market or private transaction financial

"transaction code P described as Purchase in open market or private transaction"

non-derivative financial

"transaction_type field lists the common stock as non-derivative"

beneficial ownership regulatory

"footnotes reference providing information to a security holder of the issuer"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

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

The reporting persons disclosed open-market purchases of 560,100 shares of Republic Services, Inc. common stock on August 26–27, 2026, across multiple trades at weighted-average prices of roughly $219–$222 per share.

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

The filing lists Cascade Investment, L.L.C. and William H. Gates III as reporting persons, each identified as a ten percent owner of Republic Services, Inc.

How many RSG shares were bought on August 26, 2026?

On August 26, 2026, the reporting persons reported purchases of 275,500 shares of Republic Services, Inc. common stock in several trades with weighted-average prices between about $220.84 and $222.18 per share.

How many RSG shares were bought on August 27, 2026?

On August 27, 2026, the reporting persons reported purchases of 284,600 shares of Republic Services, Inc. common stock, with weighted-average prices of about $219.41, $220.05, and $221.06 per share across multiple trades.

Were the RSG insider trades executed at a single price or multiple prices?

Each reported transaction was executed in multiple trades within specified price ranges. The Form 4 shows a weighted-average price per share for each block and notes that detailed trade prices and share amounts are available upon request.

Do these RSG insider transactions involve derivatives or only common stock?

All reported transactions involve common stock as non-derivative securities. The filing’s derivative summary is empty, indicating no derivative exercises or conversions were reported in this Form 4.

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

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Available on EDGAR 08/28/2026 - 04:51 PM EDT Accepted by SEC EDGAR 08/28/2026 - 04:50 PM EDT 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)
08/26/2026

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	08/26/2026		P		12,334	A	$220.8399(1)	113,387,361	D
Common stock	08/26/2026		P		211,098	A	$221.4312(2)	113,598,459	D
Common stock	08/26/2026		P		52,068	A	$222.1843(3)	113,650,527	D
Common stock	08/27/2026		P		235,978	A	$219.4076(4)	113,886,505	D
Common stock	08/27/2026		P		47,555	A	$220.0476(5)	113,934,060	D
Common stock	08/27/2026		P		1,067	A	$221.0568(6)	113,935,127	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 $220.0000 to $220.9850. 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 $221.0000 to $221.9950. 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.

3. This transaction was executed in multiple trades at prices ranging from $222.0000 to $222.5700. 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.

4. This transaction was executed in multiple trades at prices ranging from $218.8900 to $219.8850. 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 $219.8900 to $220.6450. 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 $220.9200 to $221.3800. 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	08/28/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	08/28/2026
	** 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)