Sharon Ruth Driscoll - Aug 12, 2021 Form 4 Insider Report for RITCHIE BROS AUCTIONEERS INC (RBA)

Role: Chief Financial Officer
Signature: /s/ Maria Teresa Punsalan as attorney-in-fact for Sharon Ruth Driscoll.
Stock symbol: RBA
Transactions as of: Aug 12, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/16/2021, 03:29 PM
Previous filing: Jun 7, 2021
Next filing: Aug 19, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RBA	Employee Stock Option (Right to Buy)	Award	$0	+23K	$0.00	23K	Aug 12, 2021	Common Shares	23K	$80.00	Direct	F1, F2
transaction	RBA	Employee Stock Option (Right to Buy)	Award	$0	+28.4K	$0.00	28.4K	Aug 12, 2021	Common Shares	28.4K	$90.00	Direct	F1, F2
transaction	RBA	Employee Stock Option (Right to Buy)	Award	$0	+34.8K	$0.00	34.8K	Aug 12, 2021	Common Shares	34.8K	$100.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option was granted on August 12, 2021 and vests equally in three equal annual installments beginning August 11, 2022.
F2	The option expires on August 12, 2027; provided, however, that if such date occurs during a black out period (as defined in the RBA Amended and Restated Stock Option Plan) applicable to the reporting person or within five business days (as defined in such Plan) after the last day of a black out period applicable to the reporting person, the expiry date for the option will be the last day of such five business day period.

Content

The option was granted on August 12, 2021 and vests equally in three equal annual installments beginning August 11, 2022.

The option expires on August 12, 2027; provided, however, that if such date occurs during a black out period (as defined in the RBA Amended and Restated Stock Option Plan) applicable to the reporting person or within five business days (as defined in such Plan) after the last day of a black out period applicable to the reporting person, the expiry date for the option will be the last day of such five business day period.