Republic Services holders buy 720K shares at ~$221

A 10% ownership group led by Cascade Investment and William H. Gates III disclosed open‑market purchases totaling over 720,000 Republic Services shares at roughly $220–223 each.

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. (RSG) reported that affiliated ten percent owners Cascade Investment, L.L.C. and William H. Gates III purchased a total of 720,804 shares of common stock in open-market transactions on September 8–9, 2026. The reported weighted-average purchase prices ranged from about $220 to $223 per share, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 720,804 shares

Net Buy 6 txns

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

Role 10% Owner | 10% Owner

Bought 720,804 shs ($159.59M)

Type	Security	Shares	Price	Value
Purchase	Common stock F4	32,765	$220.3687	$7.22M
Purchase	Common stock F5	213,574	$221.1262	$47.23M
Purchase	Common stock F6	64,965	$222.383	$14.45M
Purchase	Common stock F1	141,819	$220.7666	$31.31M
Purchase	Common stock F2	249,866	$221.8189	$55.43M
Purchase	Common stock F3	17,815	$222.5564	$3.96M

Holdings After Transaction: Common stock — 116,477,634 shares (Direct)

Footnotes (6)

1. F1. This transaction was executed in multiple trades at prices ranging from $220.4000 to $221.3900. 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 $221.4000 to $222.3950. 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 $222.4000 to $223.1200. 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.
4. F4. This transaction was executed in multiple trades at prices ranging from $219.6800 to $220.6700. 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 $220.6800 to $221.6700. 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 $221.7300 to $222.6100. 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.

Key Figures

Total shares purchased: 720,804 shares Shares purchased September 8, 2026 (trade 1): 141,819 shares at $220.7666 per share Shares purchased September 8, 2026 (trade 2): 249,866 shares at $221.8189 per share +4 more

7 metrics

Total shares purchased 720,804 shares Aggregate open‑market purchases reported for September 8–9, 2026

Shares purchased September 8, 2026 (trade 1) 141,819 shares at $220.7666 per share Common stock open‑market purchase; weighted‑average price with stated range

Shares purchased September 8, 2026 (trade 2) 249,866 shares at $221.8189 per share Common stock open‑market purchase; weighted‑average price with stated range

Shares purchased September 8, 2026 (trade 3) 17,815 shares at $222.5564 per share Common stock open‑market purchase; weighted‑average price with stated range

Shares purchased September 9, 2026 (trade 1) 32,765 shares at $220.3687 per share Common stock open‑market purchase; weighted‑average price with stated range

Shares purchased September 9, 2026 (trade 2) 213,574 shares at $221.1262 per share Common stock open‑market purchase; weighted‑average price with stated range

Shares purchased September 9, 2026 (trade 3) 64,965 shares at $222.3830 per share Common stock open‑market purchase; weighted‑average price with stated range

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

"reporting persons are listed as ten percent owners"

FAQ

What insider buying did RSG report from Cascade Investment and William H. Gates III?

Cascade Investment, L.L.C. and William H. Gates III reported purchasing 720,804 shares of Republic Services common stock in six open‑market transactions on September 8–9, 2026, at weighted‑average prices between roughly $220 and $223 per share.

On what dates did the RSG insider purchases occur?

The reported insider purchases of Republic Services (RSG) common stock occurred on September 8, 2026 and September 9, 2026, across six separate open‑market transactions filed on this Form 4.

What prices were paid for the Republic Services (RSG) shares in these insider trades?

Each transaction reports a weighted‑average price per share: about $220.77, $221.82, and $222.56 on September 8, 2026, and about $220.37, $221.13, and $222.38 on September 9, 2026, with each price reflecting multiple trades within stated ranges.

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

No. The filing’s Rule 10b5‑1 checkbox is not marked, and the footnotes do not reference any Rule 10b5‑1 trading plan, so these purchases are reported without being made pursuant to an affirmed trading plan.

How many separate insider purchase transactions in RSG stock were disclosed?

The Form 4 discloses six separate open‑market purchase transactions in Republic Services common stock, with an aggregate of 720,804 shares reported as purchased by the ten percent owners.

What do the price range footnotes mean for the RSG insider trades?

Each transaction note states it was executed in multiple trades within a price range, and that the reported price is a weighted‑average price per share. The reporting persons undertake to provide full trade‑by‑trade details to the SEC staff, issuer, or security holders upon request.

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Available on EDGAR 09/10/2026 - 04:15 PM Accepted by SEC EDGAR 09/10/2026 - 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)
09/08/2026

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	09/08/2026		P		141,819	A	$220.7666(1)	115,898,649	D
Common stock	09/08/2026		P		249,866	A	$221.8189(2)	116,148,515	D
Common stock	09/08/2026		P		17,815	A	$222.5564(3)	116,166,330	D
Common stock	09/09/2026		P		32,765	A	$220.3687(4)	116,199,095	D
Common stock	09/09/2026		P		213,574	A	$221.1262(5)	116,412,669	D
Common stock	09/09/2026		P		64,965	A	$222.383(6)	116,477,634	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 $220.4000 to $221.3900. 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 $221.4000 to $222.3950. 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 $222.4000 to $223.1200. 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.

4. This transaction was executed in multiple trades at prices ranging from $219.6800 to $220.6700. 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 $220.6800 to $221.6700. 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 $221.7300 to $222.6100. 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.

	Cascade Investment, L.L.C. by: /s/ Alan Heuberger, Attorney-in-fact for Michael Larson, Business Manager	09/10/2026
	William H. Gates III by: /s/ Alan Heuberger, Attorney-in-fact	09/10/2026
	** 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)