Joshua Kobza - 15 Dec 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Jill Granat, as Attorney-in-Law for Joshua Kobza
Issuer symbol
QSR
Transactions as of
15 Dec 2025
Net transactions value
-$1,806,207
Form type
4
Filing time
17 Dec 2025, 17:55:55 UTC
Previous filing
09 Oct 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Kobza Joshua Chief Executive Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI /s/ Jill Granat, as Attorney-in-Law for Joshua Kobza 17 Dec 2025 0001574771

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +7,097 +0.73% $0.000000 973,598 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +8,139 +0.84% $0.000000 981,738 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +5,016 +0.51% $0.000000 986,754 15 Dec 2025 Direct
transaction QSR Common Shares Sale $562,533 -7,937 -0.8% $70.87 978,817 15 Dec 2025 Direct F1
transaction QSR Common Shares Sale $872,820 -12,315 -1.3% $70.87 966,502 15 Dec 2025 Direct F2
transaction QSR Common Shares Sale $370,854 -5,220 -0.54% $71.04 961,282 15 Dec 2025 Direct F2, F3
transaction QSR Common Shares Gift $0 -14,000 -1.5% $0.000000 947,282 15 Dec 2025 Direct F4

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 QSR Restricted Share Units Options Exercise $0 -7,097 -50% $0.000000 7,097 15 Dec 2025 Common Shares 7,097 Direct F7, F9
transaction QSR Restricted Share Units Options Exercise $0 -8,139 -33% $0.000000 16,276 15 Dec 2025 Common Shares 8,139 Direct F7, F11
transaction QSR Restricted Share Units Options Exercise $0 -5,016 -25% $0.000000 15,048 15 Dec 2025 Common Shares 5,016 Direct F7, F13
holding QSR Exchangeable Units 5,413 15 Dec 2025 Common Shares 5,413 Direct F5
holding QSR Option (Right to Buy) 200,000 15 Dec 2025 Common Shares 200,000 $56.92 Direct F6
holding QSR Restricted Share Units 8,701 15 Dec 2025 Common Shares 8,701 Direct F7, F8
holding QSR Performance Share Units 328,603 15 Dec 2025 Common Shares 328,603 Direct F10
holding QSR Performance Share Units 126,766 15 Dec 2025 Common Shares 126,766 Direct F12
holding QSR Performance Share Units 157,620 15 Dec 2025 Common Shares 157,620 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units.
F2 Represents shares sold, the proceeds of which are primarily to be used to reimburse the Reporting Person for tax equalization gross-ups previously paid to the Company by the Reporting Person.
F3 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $71.00 to $71.14 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F4 The Reporting Person gifted these shares in an exempt transaction pursuant to Rule 16b-5 of the Securities Exchange Act of 1934, as amended.
F5 Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
F6 These options are fully vested and exercisable.
F7 Each restricted share unit represents a contingent right to receive one common share.
F8 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 31, 2025.
F9 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F10 The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning February 22, 2023 and ending May 21, 2028 and to the extent earned will vest on May 21, 2028. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
F11 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F12 The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person. The 2024 PBRSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
F13 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026, December 15, 2027 and December 15, 2028.
F14 The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs have a performance period beginning February 28, 2025 and ending February 28, 2028 and to the extent earned will vest on March 15, 2028. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance period.