[Form 4] Waste Connections, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Robert Nielsen III, Senior Vice President, Operations of Waste Connections, Inc. (WCN), reported an insider sale on 08/08/2025. He sold 1,000 common shares at $190 per share, and now directly beneficially owns 3,250 shares.

The filing is a routine Form 4 disclosure documenting the officer's change in ownership.

Insights

Securities Analyst

TL;DR: Officer sale of 1,000 WCN shares at $190 reported; direct ownership remains 3,250 shares.

This Form 4 shows a single disposition by Robert Nielsen III on 08/08/2025: a sale of 1,000 common shares at $190 each. The report lists his remaining direct beneficial ownership as 3,250 shares. The disclosure is clear and conforms to Section 16 reporting requirements; the filing itself contains no additional context on motives or broader holdings.

Corporate Governance Expert

TL;DR: Timely Form 4 filing documents an officer's sale and continued direct ownership of 3,250 WCN shares.

The reporting person is identified as an officer (Senior VP, Operations). The document records a sale transaction on 08/08/2025 and specifies direct ownership after the transaction. From a governance perspective, the form accomplishes its disclosure purpose; it does not by itself indicate governance changes or material corporate events.

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

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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^*

NIELSEN III ROBERT

(Last) (First) (Middle)

3 WATERWAY SQUARE PLACE

SUITE 110

(Street)

THE WOODLANDS TX 77380

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Waste Connections, Inc. [ WCN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SR VP Operations

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Shares	08/08/2025		S		1,000	D	$190	3,250	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

Explanation of Responses:

Remarks:

	Robert Nielsen III	08/12/2025
	** 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.

FAQ

What insider transaction did Waste Connections (WCN) report?

The Form 4 reports that Robert Nielsen III sold 1,000 common shares at $190 per share on 08/08/2025.

Who is the reporting person on the WCN Form 4?

The reporting person is Robert Nielsen III, identified as Senior Vice President, Operations and an officer of Waste Connections.

How many WCN shares does Robert Nielsen III own after the transaction?

After the reported sale, he directly beneficially owns 3,250 common shares.

When was the transaction executed according to the filing?

The transaction date recorded on the Form 4 is 08/08/2025.