Ann Fandozzi - Mar 15, 2022 Form 4 Insider Report for RITCHIE BROS AUCTIONEERS INC (RBA)

Role: CEO, Director
Signature: /s/ Maria Teresa Punsalan as attorney-in-fact for Ann Fandozzi.
Stock symbol: RBA
Transactions as of: Mar 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/16/2022, 04:03 PM
Previous filing: Mar 1, 2022
Next filing: May 16, 2022

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RBA	Employee Stock Option (Right to Buy)	Award	$0	+159K		$0.00	159K	Mar 15, 2022	Common Shares	159K	$57.70	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 March 15, 2022 and vests equally in three equal annual installments beginning March 14, 2023.
F2	The option expires on March 14, 2032; 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 March 15, 2022 and vests equally in three equal annual installments beginning March 14, 2023.

The option expires on March 14, 2032; 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.