Sami A. Siddiqui - 15 Dec 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Jill Granat, as Attorney-in-Fact for Sami Siddiqui
Issuer symbol
QSR
Transactions as of
15 Dec 2025
Net transactions value
-$773,424
Form type
4
Filing time
17 Dec 2025, 17:56:01 UTC
Previous filing
09 Oct 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Siddiqui Sami A. Chief Financial Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI /s/ Jill Granat, as Attorney-in-Fact for Sami Siddiqui 17 Dec 2025 0001829353

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +2,438 +19% $0.000000 15,243 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +3,700 +24% $0.000000 18,943 15 Dec 2025 Direct
transaction QSR Common Shares Options Exercise $0 +2,579 +14% $0.000000 21,522 15 Dec 2025 Direct
transaction QSR Common Shares Sale $224,240 -3,164 -15% $70.87 18,358 15 Dec 2025 Direct F1
transaction QSR Common Shares Sale $393,253 -5,549 -30% $70.87 12,809 15 Dec 2025 Direct F2
transaction QSR Common Shares Sale $155,931 -2,200 -17% $70.88 10,609 15 Dec 2025 Direct F3, F4
holding QSR Common Shares 235,228 15 Dec 2025 By Trust F5

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 -2,438 -50% $0.000000 2,437 15 Dec 2025 Common Shares 2,438 Direct F7, F9
transaction QSR Restricted Share Units Options Exercise $0 -3,700 -33% $0.000000 7,400 15 Dec 2025 Common Shares 3,700 Direct F7, F11
transaction QSR Restricted Share Units Options Exercise $0 -2,579 -25% $0.000000 7,737 15 Dec 2025 Common Shares 2,579 Direct F7, F13
holding QSR Option (Right to Buy) 80,000 15 Dec 2025 Common Shares 80,000 $55.55 Direct F6
holding QSR Option (Right to Buy) 20,000 15 Dec 2025 Common Shares 20,000 $66.31 Direct F6
holding QSR Restricted Share Units 2,461 15 Dec 2025 Common Shares 2,461 Direct F7, F8
holding QSR Performance Share Units 40,418 15 Dec 2025 Common Shares 40,418 Direct F10
holding QSR Performance Share Units 49,297 15 Dec 2025 Common Shares 49,297 Direct F12
holding QSR Performance Share Units 70,928 15 Dec 2025 Common Shares 70,928 Direct F14
holding QSR Performance Share Units 74,846 15 Dec 2025 Common Shares 74,846 Direct F15
* 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 to cover tax equalization gross-ups due to the Company by the Reporting Person.
F3 Represents shares sold, the proceeds of which are primarily to be used to satisfy tax equalization gross-ups due to the Company by the Reporting Person.
F4 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $70.53 to $71.016 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.
F5 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person.
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 January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. 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 ("2025-1 PBRSUs") granted to the Reporting Person. The 2025-1 PBRSUs will 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.
F15 The shares reported represent an award of performance based restricted share units ("2025-2 PBRSUs") granted to the Reporting Person. The 2025-2 PBRSUs will have a performance period beginning May 15, 2025 and ending May 21, 2028 and to the extent earned will vest on May 21, 2030. 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.