=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-10
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: REPUBLIC SERVICES, INC. (RSG)
CIK: 0001060391
--- Reporting Owner ---
Name: CASCADE INVESTMENT, L.L.C.
CIK: 0001052192
Role: 10%+ Owner
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common stock
Date: 2026-08-10 | Code: P (Open market purchase)
Shares: +88,102 | Price: $214.43
Total Value: $18,891,914.49
Shares Owned After: 110,892,084 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed in multiple trades at prices ranging from $213.7200 to $214.7150. 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.
[Transaction #2]
Security: Common stock
Date: 2026-08-10 | Code: P (Open market purchase)
Shares: +166,095 | Price: $215.07
Total Value: $35,722,466.89
Shares Owned After: 111,058,179 | Ownership: D (Direct)
Footnotes:
[F2] This transaction was executed in multiple trades at prices ranging from $214.7200 to $215.6900. 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.
[Transaction #3]
Security: Common stock
Date: 2026-08-10 | Code: P (Open market purchase)
Shares: +7,467 | Price: $216.15
Total Value: $1,614,002.50
Shares Owned After: 111,065,646 | Ownership: D (Direct)
Footnotes:
[F3] This transaction was executed in multiple trades at prices ranging from $215.7400 to $216.6000. 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.
[Transaction #4]
Security: Common stock
Date: 2026-08-11 | Code: P (Open market purchase)
Shares: +3,200 | Price: $214.67
Total Value: $686,951.36
Shares Owned After: 111,068,846 | Ownership: D (Direct)
Footnotes:
[F4] This transaction was executed in multiple trades at prices ranging from $213.9900 to $214.9800. 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.
[Transaction #5]
Security: Common stock
Date: 2026-08-11 | Code: P (Open market purchase)
Shares: +21,038 | Price: $215.68
Total Value: $4,537,507.40
Shares Owned After: 111,089,884 | Ownership: D (Direct)
Footnotes:
[F5] This transaction was executed in multiple trades at prices ranging from $215.0000 to $215.9850. 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.
[Transaction #6]
Security: Common stock
Date: 2026-08-11 | Code: P (Open market purchase)
Shares: +211,771 | Price: $216.40
Total Value: $45,826,524.38
Shares Owned After: 111,301,655 | Ownership: D (Direct)
Footnotes:
[F6] This transaction was executed in multiple trades at prices ranging from $215.9900 to $216.9800. 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.
[Transaction #7]
Security: Common stock
Date: 2026-08-11 | Code: P (Open market purchase)
Shares: +3,991 | Price: $217.09
Total Value: $866,395.41
Shares Owned After: 111,305,646 | Ownership: D (Direct)
Footnotes:
[F7] This transaction was executed in multiple trades at prices ranging from $216.9900 to $217.2700. 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.
--- Footnotes (Complete Index) ---
F1: This transaction was executed in multiple trades at prices ranging from $213.7200 to $214.7150. 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.
F2: This transaction was executed in multiple trades at prices ranging from $214.7200 to $215.6900. 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.
F3: This transaction was executed in multiple trades at prices ranging from $215.7400 to $216.6000. 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.
F4: This transaction was executed in multiple trades at prices ranging from $213.9900 to $214.9800. 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.
F5: This transaction was executed in multiple trades at prices ranging from $215.0000 to $215.9850. 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.
F6: This transaction was executed in multiple trades at prices ranging from $215.9900 to $216.9800. 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.
F7: This transaction was executed in multiple trades at prices ranging from $216.9900 to $217.2700. 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.
--- Signature ---
/s/ Cascade Investment, L.L.C. by: /s/ Alan Heuberger, Attorney-in-fact for Michael Larson, Business Manager (2026-08-12)
