Cascade, Bill Gates buy 735K Republic shares

REPUBLIC SERVICES, INC.

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) reported that 10% owner Cascade Investment, L.L.C., together with William H. Gates III as a reporting person, made a series of open-market purchases of Republic Services common stock on September 3 and 4, 2026, totaling 735,303 shares at weighted-average prices around $222–$225 per share. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Net Buyer: 735,303 shares

Net Buy 7 txns

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

Role 10% Owner | 10% Owner

Bought 735,303 shs ($164.70M)

Type	Security	Shares	Price	Value
Purchase	Common stock F5	268,220	$222.9235	$59.79M
Purchase	Common stock F6	96,031	$223.8109	$21.49M
Purchase	Common stock F7	788	$224.4709	$177K
Purchase	Common stock F1	22,720	$222.8052	$5.06M
Purchase	Common stock F2	15,716	$223.5824	$3.51M
Purchase	Common stock F3	253,253	$224.8997	$56.96M
Purchase	Common stock F4	78,575	$225.3513	$17.71M

Holdings After Transaction: Common stock — 115,756,830 shares (Direct)

Footnotes (7)

1. F1. This transaction was executed in multiple trades at prices ranging from $222.2100 to $223.2000. 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 $223.2100 to $224.1900. 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 $224.2100 to $225.2050. 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 $225.2100 to $225.7500. 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 $222.4100 to $223.4050. 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 $223.4100 to $224.4000. 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 $224.4100 to $224.5500. 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: 735,303 shares Shares purchased on September 4, 2026: 365,039 shares Shares purchased on September 3, 2026: 370,264 shares +4 more

7 metrics

Total shares purchased 735,303 shares Net open-market purchases reported across all transactions in this Form 4

Shares purchased on September 4, 2026 365,039 shares Three non-derivative open-market purchase transactions

Shares purchased on September 3, 2026 370,264 shares Four non-derivative open-market purchase transactions

Largest single transaction size 268,220 shares Common stock purchase on September 4, 2026 at $222.9235 weighted-average price

September 3 lowest trade range $222.21–$223.20 per share Price range for trades tied to the $222.8052 weighted-average transaction

September 4 lowest trade range $222.41–$223.4050 per share Price range for trades tied to the $222.9235 weighted-average transaction

Highest weighted-average price reported $225.3513 per share Common stock purchase of 78,575 shares on September 3, 2026

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

"CASCADE INVESTMENT, L.L.C. is listed as a ten percent owner"

FAQ

What insider activity did RSG report for Cascade Investment and William H. Gates III?

REPUBLIC SERVICES, INC. reported that Cascade Investment, L.L.C., with William H. Gates III as a reporting person, purchased 735,303 shares of common stock in a series of open-market transactions on September 3 and 4, 2026, at weighted-average prices between about $222 and $225 per share.

How many RSG shares were bought on September 4, 2026?

On September 4, 2026, the reporting persons bought 365,039 shares of Republic Services common stock in three open-market transactions at weighted-average prices of $222.9235, $223.8109, and $224.4709 per share, each executed in multiple trades within stated price ranges.

How many RSG shares were bought on September 3, 2026?

On September 3, 2026, the reporting persons purchased 370,264 shares of Republic Services common stock across four open-market transactions at weighted-average prices of $222.8052, $223.5824, $224.8997, and $225.3513 per share, each based on multiple trades within specified intraday price ranges.

Were the September 2026 RSG insider purchases made under a Rule 10b5-1 trading plan?

No. The Form 4 for Republic Services, Inc. indicates that the Rule 10b5-1 checkbox is not marked, and the footnotes describe execution details and price ranges but do not state that these transactions were made pursuant to a Rule 10b5-1 trading plan.

What price ranges applied to the RSG insider trades reported on September 3, 2026?

The September 3, 2026 purchases were executed in multiple trades within ranges of $222.21–$223.20, $223.21–$224.19, $224.21–$225.2050, and $225.21–$225.75 per share, with the reported prices representing the weighted-average price per share for each transaction.

What price ranges applied to the RSG insider trades reported on September 4, 2026?

The September 4, 2026 purchases were executed in multiple trades within ranges of $222.41–$223.4050, $223.41–$224.40, and $224.41–$224.55 per share, with each Form 4 line item reporting the weighted-average price per share for that set of trades.

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Available on EDGAR 09/08/2026 - 04:16 PM Accepted by SEC EDGAR 09/08/2026 - 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)
09/03/2026

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	09/03/2026		P		22,720	A	$222.8052(1)	115,044,247	D
Common stock	09/03/2026		P		15,716	A	$223.5824(2)	115,059,963	D
Common stock	09/03/2026		P		253,253	A	$224.8997(3)	115,313,216	D
Common stock	09/03/2026		P		78,575	A	$225.3513(4)	115,391,791	D
Common stock	09/04/2026		P		268,220	A	$222.9235(5)	115,660,011	D
Common stock	09/04/2026		P		96,031	A	$223.8109(6)	115,756,042	D
Common stock	09/04/2026		P		788	A	$224.4709(7)	115,756,830	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 $222.2100 to $223.2000. 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 $223.2100 to $224.1900. 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 $224.2100 to $225.2050. 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 $225.2100 to $225.7500. 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 $222.4100 to $223.4050. 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 $223.4100 to $224.4000. 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 $224.4100 to $224.5500. 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	09/08/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	09/08/2026
	** 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)