=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-18
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: 2026-08-18 | Code: P (Open market purchase)
Shares: +6,190 | Price: $216.84
Total Value: $1,342,233.41
Shares Owned After: 112,030,846 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed in multiple trades at prices ranging from $216.2450 to $217.2400. 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: 2026-08-18 | Code: P (Open market purchase)
Shares: +166,858 | Price: $217.87
Total Value: $36,353,819.66
Shares Owned After: 112,197,704 | Ownership: D (Direct)
Footnotes:
[F2] This transaction was executed in multiple trades at prices ranging from $217.2450 to $218.2400. 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: 2026-08-18 | Code: P (Open market purchase)
Shares: +27,077 | Price: $218.33
Total Value: $5,911,607.69
Shares Owned After: 112,224,781 | Ownership: D (Direct)
Footnotes:
[F3] This transaction was executed in multiple trades at prices ranging from $218.2450 to $218.5600. 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: 2026-08-19 | Code: P (Open market purchase)
Shares: +705 | Price: $216.65
Total Value: $152,737.62
Shares Owned After: 112,225,486 | Ownership: D (Direct)
Footnotes:
[F4] This transaction was executed in multiple trades at prices ranging from $216.0000 to $216.9150. 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: 2026-08-19 | Code: P (Open market purchase)
Shares: +1,400 | Price: $217.52
Total Value: $304,534.16
Shares Owned After: 112,226,886 | Ownership: D (Direct)
Footnotes:
[F5] This transaction was executed in multiple trades at prices ranging from $217.0000 to $217.8800. 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: 2026-08-19 | Code: P (Open market purchase)
Shares: +2,049 | Price: $218.64
Total Value: $448,000.12
Shares Owned After: 112,228,935 | Ownership: D (Direct)
Footnotes:
[F6] This transaction was executed in multiple trades at prices ranging from $218.1000 to $218.9900. 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: 2026-08-19 | Code: P (Open market purchase)
Shares: +2,175 | Price: $219.49
Total Value: $477,397.06
Shares Owned After: 112,231,110 | Ownership: D (Direct)
Footnotes:
[F7] This transaction was executed in multiple trades at prices ranging from $219.0400 to $219.8300. 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 #8]
Security: Common stock
Date: 2026-08-19 | Code: P (Open market purchase)
Shares: +4,432 | Price: $220.82
Total Value: $978,658.28
Shares Owned After: 112,235,542 | Ownership: D (Direct)
Footnotes:
[F8] This transaction was executed in multiple trades at prices ranging from $220.1100 to $220.9900. 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 #9]
Security: Common stock
Date: 2026-08-19 | Code: P (Open market purchase)
Shares: +39,272 | Price: $221.41
Total Value: $8,695,170.32
Shares Owned After: 112,274,814 | Ownership: D (Direct)
Footnotes:
[F9] This transaction was executed in multiple trades at prices ranging from $221.0000 to $221.9700. 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 #10]
Security: Common stock
Date: 2026-08-19 | Code: P (Open market purchase)
Shares: +57,464 | Price: $222.66
Total Value: $12,794,664.16
Shares Owned After: 112,332,278 | Ownership: D (Direct)
Footnotes:
[F10] This transaction was executed in multiple trades at prices ranging from $222.0200 to $222.9900. 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 #11]
Security: Common stock
Date: 2026-08-19 | Code: P (Open market purchase)
Shares: +68,569 | Price: $223.45
Total Value: $15,321,605.91
Shares Owned After: 112,400,847 | Ownership: D (Direct)
Footnotes:
[F11] This transaction was executed in multiple trades at prices ranging from $223.0000 to $223.9925. 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 #12]
Security: Common stock
Date: 2026-08-19 | Code: P (Open market purchase)
Shares: +2,778 | Price: $224.09
Total Value: $622,508.96
Shares Owned After: 112,403,625 | Ownership: D (Direct)
Footnotes:
[F12] This transaction was executed in multiple trades at prices ranging from $224.0000 to $224.2300. 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 $216.2450 to $217.2400. 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.
F10: This transaction was executed in multiple trades at prices ranging from $222.0200 to $222.9900. 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.
F11: This transaction was executed in multiple trades at prices ranging from $223.0000 to $223.9925. 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.
F12: This transaction was executed in multiple trades at prices ranging from $224.0000 to $224.2300. 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 $217.2450 to $218.2400. 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 $218.2450 to $218.5600. 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 $216.0000 to $216.9150. 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 $217.0000 to $217.8800. 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 $218.1000 to $218.9900. 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 $219.0400 to $219.8300. 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.
F8: This transaction was executed in multiple trades at prices ranging from $220.1100 to $220.9900. 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.
F9: This transaction was executed in multiple trades at prices ranging from $221.0000 to $221.9700. 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 (2026-08-20)
