Waste Management (NYSE: WM) SVP sells 7,352 shares at $234.50

Rhea-AI Filing Summary

Waste Management Inc. senior vice president Rafael Carrasco reported an open-market sale of 7,352 shares of common stock on February 13, 2026. The shares were sold at a weighted average price of $234.5011 per share, in multiple trades between $234.5000 and $234.5200.

After this transaction, Carrasco directly beneficially owned 15,539.742 shares of Waste Management common stock. The filing notes that full trade-by-trade price and share details are available upon request from the company, the SEC staff, or a Waste Management security holder.

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^*

Carrasco Rafael

(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)
	SVP of Enterprise Strategy

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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(1)	02/13/2026		S		7,352	D	$234.5011	15,539.742	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:

1. This transaction was executed in multiple trades at prices ranging from $234.5000 to $234.5200. 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	02/16/2026
	** 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.

FAQ

What insider transaction did Rafael Carrasco report at Waste Management (WM)?

Rafael Carrasco reported an open-market sale of common stock. On February 13, 2026, he sold 7,352 Waste Management shares, as disclosed in a Form 4. The transaction was conducted in the market and reported under SEC Section 16 insider trading rules.

How many Waste Management (WM) shares did Rafael Carrasco sell and at what price?

He sold 7,352 shares of Waste Management common stock at a weighted average price of $234.5011 per share. The filing states these shares were sold in multiple trades, with individual prices ranging from $234.5000 to $234.5200 during the execution.

How many Waste Management (WM) shares does Rafael Carrasco own after this sale?

After the reported sale, Rafael Carrasco beneficially owned 15,539.742 shares of Waste Management common stock directly. This post-transaction balance reflects his remaining direct holdings as reported in Table I of the Form 4 insider trading report filed with the SEC.

What is Rafael Carrasco’s role at Waste Management (WM) in this Form 4 filing?

In the filing, Rafael Carrasco is identified as an officer of Waste Management, serving as Senior Vice President of Enterprise Strategy. This officer status makes him a reporting person under SEC Section 16 and requires disclosure of his transactions in company equity securities.

What does the weighted average price disclosure mean in Rafael Carrasco’s WM sale?

The weighted average price of $234.5011 reflects multiple trades executed between $234.5000 and $234.5200. The filing explains that Carrasco will provide full details of each trade’s exact price and share amount upon request to the SEC staff, the issuer, or any security holder.

Was Rafael Carrasco’s Waste Management (WM) transaction a purchase or a sale?

The transaction was a sale of common stock. It is coded as “S” in the Form 4, indicating a sale in an open-market or private transaction, and is further described as an open-market sale of 7,352 shares at a weighted average price of $234.5011 per share.