Cascade Investment buys 362,960 Republic Services shares

Rhea-AI Filing Summary

Cascade Investment, L.L.C. and William H. Gates III, each a ten percent owner of Republic Services, Inc. (RSG), reported open-market purchases of a combined 362,960 shares of common stock on August 12–13, 2026 at weighted-average prices between $213.70 and $217.18 per share, executed in multiple trades with detailed price breakdowns available upon request.

Insider Trade Summary

Net Buyer: 362,960 shares

Net Buy 7 txns

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

Role 10% Owner | 10% Owner

Bought 362,960 shs ($78.33M)

Type	Security	Shares	Price	Value
Purchase	Common stock F6	157,096	$215.6991	$33.89M
Purchase	Common stock F7	31,364	$216.378	$6.79M
Purchase	Common stock F1	4,410	$213.7001	$942K
Purchase	Common stock F2	26,111	$214.6267	$5.60M
Purchase	Common stock F3	69,018	$215.6726	$14.89M
Purchase	Common stock F4	69,861	$216.3983	$15.12M
Purchase	Common stock F5	5,100	$217.1771	$1.11M

Holdings After Transaction: Common stock — 111,668,606 shares (Direct)

Footnotes (7)

1. F1. This transaction was executed in multiple trades at prices ranging from $213.0700 to $213.9900. 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.
2. F2. This transaction was executed in multiple trades at prices ranging from $214.0800 to $215.0600. 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 $215.0700 to $216.0600. 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 $216.0700 to $217.0650. 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 $217.0700 to $217.3400. 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 $215.1250 to $216.1200. 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.
7. F7. This transaction was executed in multiple trades at prices ranging from $216.1250 to $216.8800. 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: 362,960 shares Largest single purchase: 157,096 shares at $215.6991 per share Purchase at $216.3780: 31,364 shares at $216.3780 per share +5 more

8 metrics

Total shares purchased 362,960 shares Aggregate net purchases of Republic Services common stock reported across seven transactions

Largest single purchase 157,096 shares at $215.6991 per share Non-derivative common stock purchase on August 13, 2026 coded P (open-market or private)

Purchase at $216.3780 31,364 shares at $216.3780 per share Non-derivative common stock purchase on August 13, 2026 coded P

Purchase at $213.7001 4,410 shares at $213.7001 per share Non-derivative common stock purchase on August 12, 2026 coded P

Purchase at $214.6267 26,111 shares at $214.6267 per share Non-derivative common stock purchase on August 12, 2026 coded P

Purchase at $215.6726 69,018 shares at $215.6726 per share Non-derivative common stock purchase on August 12, 2026 coded P

Purchase at $216.3983 69,861 shares at $216.3983 per share Non-derivative common stock purchase on August 12, 2026 coded P

Purchase at $217.1771 5,100 shares at $217.1771 per share Non-derivative common stock purchase on August 12, 2026 coded P

Key Terms

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

4 terms

ten percent owner regulatory

"The reporting persons are each listed as a ten percent owner of the issuer."

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 denotes a purchase in open market or private transaction."

non-derivative financial

"Each reported transaction is classified as a non-derivative security transaction."

FAQ

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

What did Cascade Investment and William H. Gates III buy in RSG on August 12–13, 2026?

They reported open-market purchases of 362,960 shares of Republic Services common stock over August 12–13, 2026 at weighted-average prices ranging from about $213.70 to $217.18 per share, executed across multiple individual trades.

What were the largest share purchases reported in the RSG Form 4?

The largest single reported purchases were 157,096 shares at $215.6991 per share and 69,861 shares at $216.3983 per share, both in Republic Services common stock, executed as open-market or private transactions with prices averaged across multiple trades.

How many separate RSG transactions did Cascade Investment report?

The reporting persons disclosed seven non-derivative transactions in Republic Services common stock, all coded P for purchases, with no sales or derivative exercises reported, and an aggregate net change of 362,960 shares acquired over the two trading days.

What price ranges applied to the Republic Services (RSG) trades in this Form 4?

Each transaction used a weighted-average price, with underlying trades in ranges such as $213.07–$213.99, $215.07–$216.06, and $216.07–$217.065 per share. Full breakdowns of individual trade prices are available upon request from the reporting persons.

Were any derivative securities or option exercises reported in the RSG Form 4?

No. The filing reports only non-derivative purchases of Republic Services common stock. The derivative section shows no derivative transactions and no remaining derivative positions disclosed in connection with these specific trades.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 08/14/2026 - 04:24 PM Accepted by SEC EDGAR 08/14/2026 - 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)
08/12/2026

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	08/12/2026		P		4,410	A	$213.7001(1)	111,310,056	D
Common stock	08/12/2026		P		26,111	A	$214.6267(2)	111,336,167	D
Common stock	08/12/2026		P		69,018	A	$215.6726(3)	111,405,185	D
Common stock	08/12/2026		P		69,861	A	$216.3983(4)	111,475,046	D
Common stock	08/12/2026		P		5,100	A	$217.1771(5)	111,480,146	D
Common stock	08/13/2026		P		157,096	A	$215.6991(6)	111,637,242	D
Common stock	08/13/2026		P		31,364	A	$216.378(7)	111,668,606	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 $213.0700 to $213.9900. 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.

2. This transaction was executed in multiple trades at prices ranging from $214.0800 to $215.0600. 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 $215.0700 to $216.0600. 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 $216.0700 to $217.0650. 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 $217.0700 to $217.3400. 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 $215.1250 to $216.1200. 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.

7. This transaction was executed in multiple trades at prices ranging from $216.1250 to $216.8800. 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	08/14/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	08/14/2026
	** 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)