Joshua Kobza - 18 Mar 2026 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role: Chief Executive Officer
Signature: /s/ David Wallace, as Attorney-in-Fact for Joshua Kobza
Issuer symbol: QSR
Transactions as of: 18 Mar 2026
Net transactions value: -$15,009,900
Form type: 4
Filing time: 18 Mar 2026, 17:11:48 UTC
Previous filing: 27 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kobza Joshua	Chief Executive Officer	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 WATERFORD DISTRICT DRIVE, MIAMI	/s/ David Wallace, as Attorney-in-Fact for Joshua Kobza	18 Mar 2026	0001574771

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QSR	Common Shares	Options Exercise		+200,000	+21%	$56.92^*	1,160,769	18 Mar 2026	Direct
transaction	QSR	Common Shares	Sale	$15,009,900	-200,000	-17%	$75.05	960,769	18 Mar 2026	Direct	F1

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	Option (Right to Buy)	Options Exercise		-200,000	-100%	$0.000000^*	0	18 Mar 2026	Common Shares	200,000	$56.92	Direct	F3
holding	QSR	Exchangeable Units						5,413	18 Mar 2026	Common Shares	5,413		Direct	F2
holding	QSR	Restricted Share Units						7,163	18 Mar 2026	Common Shares	7,163		Direct	F4, F5
holding	QSR	Performance Share Units						331,656	18 Mar 2026	Common Shares	331,656		Direct	F6
holding	QSR	Restricted Share Units						16,428	18 Mar 2026	Common Shares	16,428		Direct	F4, F7
holding	QSR	Performance Share Units						127,943	18 Mar 2026	Common Shares	127,943		Direct	F8
holding	QSR	Restricted Share Units						15,188	18 Mar 2026	Common Shares	15,188		Direct	F4, F9
holding	QSR	Performance Share Units						159,084	18 Mar 2026	Common Shares	159,084		Direct	F10
holding	QSR	Restricted Share Units						30,561	18 Mar 2026	Common Shares	30,561		Direct	F4, F11
holding	QSR	Performance Share Units						167,126	18 Mar 2026	Common Shares	167,126		Direct	F12

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

Explanation of Responses:

Id	Content
F1	Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $74.58 to $75.41 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.
F2	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.
F3	These options are fully vested and exercisable.
F4	Each restricted share unit represents a contingent right to receive one common share.
F5	These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F6	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.
F7	These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F8	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.
F9	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.
F10	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 condition.
F11	These restricted share units vest in equal annual installments. The vestings will occur on December 15, 2026, December 15, 2027, December 15, 2028 and December 15, 2029.
F12	The shares reported represent an award of performance based restricted shares units ("2026 PBRSUs") granted to the Reporting Person. The 2026 PBRSUs will have a performance period beginning February 25, 2026 and ending February 25, 2029 and to the extent earned will vest on March 15, 2029. 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.