SCHWAN AXEL (Pres., Tim Hortons Americas) sold 1.3% of their position (2.19K shares) of RESTAURANT BRANDS INTERNATIONAL INC. on the open market

Open‑market sale worth $147.5K — a minor trim. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

SCHWAN AXEL

Filed: 1/8/2026ACC: 0001594977-26-000006

InsiderSCHWAN AXELCIK 1594977

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IssuerRESTAURANT BRANDS INTERNATIONAL INC.CIK 1618756

Officer· Pres., Tim Hortons Americas

Since Jan 2020

-97.70

Net shares

Net seller

$147.5K

Total sold

Open market trades

0B · 1S

Total transactions

2.09K acquired · 2.19K disposed

Non-Derivative Transactions2

Common Shares

Direct

A · Award

+36.74

Price / share

—

Trade value

—

% of position

0.0%

1/6/2026

166.80K→166.84K

Common Shares

Direct

S · Sale

−2.19K

Price / share

$67.44

Trade value

$147.48K

% of position

1.3%

1/7/2026

166.84K→164.65K

Total

Net shares

−2.15K

Net value

-$147.48K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	1/6/2026	A · Award	+36.74	—	—	0.0%	166.80K	166.84K
Common Shares Direct	1/7/2026	S · Sale	−2.19K	$67.44	$147.48K	1.3%	166.84K	164.65K
Total			−2.15K		-$147.48K

Derivative Transactions6

Restricted Share Units

Direct

A · Award

Converts to

Common Shares

39.90 shares

+39.90

Strike price

Held after

4.33K

Exercisable

—

1/6/2026

Performance Share Units

Direct

A · Award

Converts to

Common Shares

750.95 shares

+750.95

Strike price

Held after

81.59K

Exercisable

—

1/6/2026

Restricted Share Units

Direct

A · Award

Converts to

Common Shares

65.89 shares

+65.89

Strike price

Held after

7.16K

Exercisable

—

1/6/2026

Performance Share Units

Direct

A · Award

Converts to

Common Shares

523.38 shares

+523.38

Strike price

Held after

56.86K

Exercisable

—

1/6/2026

Restricted Share Units

Direct

A · Award

Converts to

Common Shares

86.49 shares

+86.49

Strike price

Held after

9.40K

Exercisable

—

1/6/2026

Performance Share Units

Direct

A · Award

Converts to

Common Shares

585.70 shares

+585.70

Strike price

Held after

63.63K

Exercisable

—

1/6/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Share Units Direct	Common Shares39.90 shares	1/6/2026	A · Award	+39.90	—	4.33K
Performance Share Units Direct	Common Shares750.95 shares	1/6/2026	A · Award	+750.95	—	81.59K
Restricted Share Units Direct	Common Shares65.89 shares	1/6/2026	A · Award	+65.89	—	7.16K
Performance Share Units Direct	Common Shares523.38 shares	1/6/2026	A · Award	+523.38	—	56.86K
Restricted Share Units Direct	Common Shares86.49 shares	1/6/2026	A · Award	+86.49	—	9.40K
Performance Share Units Direct	Common Shares585.70 shares	1/6/2026	A · Award	+585.70	—	63.63K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Option (Right to Buy)

Direct

Underlying security

Common Shares

Underlying shares

40K

Shares owned

40K

Exercise price

58.44

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

—

Option (Right to Buy)

Direct

Underlying security

Common Shares

Underlying shares

30K

Shares owned

30K

Exercise price

64.75

Expiration

—

Exercise window

—

Total

Underlying

126K

Owned

126K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Option (Right to Buy) Direct	Common Shares	58.44	—	—	40K	40K
Option (Right to Buy) Direct	Common Shares	66.31	—	—	56K	56K
Option (Right to Buy) Direct	Common Shares	64.75	—	—	30K	30K
Total					126K	126K