=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-28
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: 2026-08-28 | Code: P (Open market purchase)
Shares: +58,533 | Price: $220.29
Total Value: $12,894,217.01
Shares Owned After: 113,993,660 | Ownership: D (Direct)
Footnotes:
[F1] This transaction was executed in multiple trades at prices ranging from $219.5350 to $220.5300. 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: 2026-08-28 | Code: P (Open market purchase)
Shares: +124,008 | Price: $220.77
Total Value: $27,377,580.98
Shares Owned After: 114,117,668 | Ownership: D (Direct)
Footnotes:
[F2] This transaction was executed in multiple trades at prices ranging from $220.5400 to $221.4750. 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: 2026-08-28 | Code: P (Open market purchase)
Shares: +68,859 | Price: $222.12
Total Value: $15,295,064.37
Shares Owned After: 114,186,527 | Ownership: D (Direct)
Footnotes:
[F3] This transaction was executed in multiple trades at prices ranging from $221.6950 to $222.4500. 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: 2026-08-31 | Code: P (Open market purchase)
Shares: +155,944 | Price: $221.32
Total Value: $34,513,978.32
Shares Owned After: 114,342,471 | Ownership: D (Direct)
Footnotes:
[F4] This transaction was executed in multiple trades at prices ranging from $220.9200 to $221.9150. 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: 2026-08-31 | Code: P (Open market purchase)
Shares: +102,195 | Price: $222.30
Total Value: $22,718,030.26
Shares Owned After: 114,444,666 | Ownership: D (Direct)
Footnotes:
[F5] This transaction was executed in multiple trades at prices ranging from $221.9200 to $222.9150. 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 #6]
Security: Common stock
Date: 2026-08-31 | Code: P (Open market purchase)
Shares: +41,687 | Price: $223.30
Total Value: $9,308,523.68
Shares Owned After: 114,486,353 | Ownership: D (Direct)
Footnotes:
[F6] This transaction was executed in multiple trades at prices ranging from $222.9250 to $223.8800. 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 #7]
Security: Common stock
Date: 2026-08-31 | Code: P (Open market purchase)
Shares: +1,174 | Price: $224.02
Total Value: $262,996.31
Shares Owned After: 114,487,527 | Ownership: D (Direct)
Footnotes:
[F7] This transaction was executed in multiple trades at prices ranging from $223.9500 to $224.0700. 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 $219.5350 to $220.5300. 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 $220.5400 to $221.4750. 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 $221.6950 to $222.4500. 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 $220.9200 to $221.9150. 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 $221.9200 to $222.9150. 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.
F6: This transaction was executed in multiple trades at prices ranging from $222.9250 to $223.8800. 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.
F7: This transaction was executed in multiple trades at prices ranging from $223.9500 to $224.0700. 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 (2026-09-01)
