SCHWAN AXEL

PrivateCIK: 1594977

Location

MIAMI, FL

SCHWAN AXEL (Pres., Tim Hortons Americas) exercised options at RESTAURANT BRANDS INTERNATIONAL INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

SCHWAN AXEL

Filed: 1/5/2026ACC: 0001594977-26-000003

InsiderSCHWAN AXELCIK 1594977

→

IssuerRESTAURANT BRANDS INTERNATIONAL INC.CIK 1618756

Officer· Pres., Tim Hortons Americas

Since Jan 2020

0.00

Net shares

Net seller

$0.00

Total acquired

0

Open market trades

0B · 0S

2

Total transactions

3.96K acquired · 3.96K disposed

Non-Derivative Transactions1

Common Shares

Direct

M · Option Exercise

Shares

+3.96K

Price / share

—

Trade value

—

% of position

2.4%

12/31/2025

162.85K→166.80K

Total

Net shares

+3.96K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	12/31/2025	M · Option Exercise	+3.96K	—	—	2.4%	162.85K	166.80K
Total			+3.96K		$0.00

Derivative Transactions1

Restricted Share Units

Direct

M · Option Exercise

Converts to

Common Shares

3.96K shares

Shares

−3.96K

Strike price

Held after

0.00

Exercisable

—

12/31/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Share Units Direct	Common Shares3.96K shares	12/31/2025	M · Option Exercise	−3.96K		—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)9

Option (Right to Buy)

Direct

Underlying security

Common Shares

Underlying shares

30K

Shares owned

30K

Exercise price

64.75

Expiration

—

Exercise window

—

Option (Right to Buy)

Direct

Underlying security

Common Shares

Underlying shares

40K

Shares owned

40K

Exercise price

58.44

Expiration

—

Exercise window

—

Performance Share Units

Direct

Underlying security

Common Shares

Underlying shares

63.05K

Shares owned

63.05K

Exercise price

Expiration

—

Exercise window

—

Restricted Share Units

Direct

Underlying security

Common Shares

Underlying shares

9.31K

Shares owned

9.31K

Exercise price

Expiration

—

Exercise window

—

Restricted Share Units

Direct

Underlying security

Common Shares

Underlying shares

7.09K

Shares owned

7.09K

Exercise price

Expiration

—

Exercise window

—

Restricted Share Units

Direct

Underlying security

Common Shares

Underlying shares

4.29K

Shares owned

4.29K

Exercise price

Expiration

—

Exercise window

—

Option (Right to Buy)

Direct

Underlying security

Common Shares

Underlying shares

56K

Shares owned

56K

Exercise price

66.31

Expiration

—

Exercise window

—

Performance Share Units

Direct

Underlying security

Common Shares

Underlying shares

80.84K

Shares owned

80.84K

Exercise price

Expiration

—

Exercise window

—

Performance Share Units

Direct

Underlying security

Common Shares

Underlying shares

56.34K

Shares owned

56.34K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

346.92K

Owned

346.92K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option (Right to Buy) Direct	Common Shares	64.75	—	—	30K	30K
Option (Right to Buy) Direct	Common Shares	58.44	—	—	40K	40K
Performance Share Units Direct	Common Shares		—	—	63.05K	63.05K
Restricted Share Units Direct	Common Shares		—	—	9.31K	9.31K
Restricted Share Units Direct	Common Shares		—	—	7.09K	7.09K
Restricted Share Units Direct	Common Shares		—	—	4.29K	4.29K
Option (Right to Buy) Direct	Common Shares	66.31	—	—	56K	56K
Performance Share Units Direct	Common Shares		—	—	80.84K	80.84K
Performance Share Units Direct	Common Shares		—	—	56.34K	56.34K
Total					346.92K	346.92K

SCHWAN AXEL — Insider Transaction (Form 4) Filed Jan 5, 2026 | Finecho