CEO James Fish trims Waste Management (NYSE: WM) stake in stock sales

Rhea-AI Filing Summary

Waste Management, Inc. (WM) Chief Executive Officer James C. Fish, Jr. reported three open‑market sales of common stock. On February 6, 2026, he sold 657 shares at $230.00. On February 9, 2026, he sold 30,390 shares at a weighted average price of $230.363. On February 10, 2026, he sold 5,706 shares at a weighted average price of $230.865.

After these transactions, he directly held 220,087 common shares. He also reported indirect beneficial ownership through a 401(k) plan and several family trusts, which together hold additional Waste Management common stock in various amounts.

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).

X

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^*

Fish James C Jr

(Last) (First) (Middle)

800 CAPITOL STREET, SUITE 3000

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WASTE MANAGEMENT INC [ WM ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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 Stock	02/06/2026		S		657	D	$230	256,183	D
Common Stock	02/09/2026		S		30,390	D	$230.363(1)	225,793	D
Common Stock	02/10/2026		S		5,706	D	$230.865(2)	220,087	D
Common Stock								4,337.6147	I	By 401(k) Plan
Common Stock								1,046	I	Fish 2018 Annual Exclusion Trust 1
Common Stock								1,046	I	Fish 2018 Annual Exclusion Trust 2
Common Stock								46,943	I	The Nicole M Fish GST Trust
Common Stock								46,942	I	The Stephanie M Fish GST Trust

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:

1. This transaction was executed in multiple trades at prices ranging from $230.00 to $230.6300. The price reported above reflects the weighted average sale price. 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 transaction was effected.

2. This transaction was executed in multiple trades at prices ranging from $230.5500 to $231.6800. The price reported above reflects the weighted average sale price. 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 transaction was effected.

	Courtney Tippy, Attorney-in-fact	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did WM CEO James C. Fish Jr. report?

James C. Fish Jr., Chief Executive Officer of Waste Management (WM), reported three open-market sales of common stock in February 2026. These transactions reduced his direct holdings but he continues to own a substantial number of shares, both directly and indirectly through plans and trusts.

How many Waste Management shares did the WM CEO sell on February 6, 2026?

On February 6, 2026, WM CEO James C. Fish Jr. sold 657 shares of Waste Management common stock at a price of $230.00 per share. This was reported as a sale under transaction code “S” in the Form 4 filing.

What was the largest Waste Management stock sale reported by the WM CEO?

The largest reported sale was on February 9, 2026, when James C. Fish Jr. sold 30,390 shares of Waste Management common stock at a weighted average price of $230.363 per share. The transaction was executed in multiple trades within a stated price range.

At what prices did the WM CEO sell Waste Management shares in February 2026?

James C. Fish Jr. reported sales at $230.00, and at weighted average prices of $230.363 and $230.865 per share. The filing notes these averages reflect multiple trades executed within specified intraday price ranges for each transaction date.

How many Waste Management shares does the WM CEO hold after the reported sales?

After the reported February 2026 sales, James C. Fish Jr. directly held 220,087 shares of Waste Management common stock. He also reported additional indirect holdings through a 401(k) plan and several family trusts, which together own further shares on an indirect basis.

What indirect holdings in Waste Management stock did the WM CEO report?

The Form 4 shows indirect ownership in Waste Management common stock through a 401(k) plan and several Fish family trusts, including the Fish 2018 Annual Exclusion Trusts and GST Trusts. Each entity’s share balance is reported separately as indirect beneficial ownership.