SEC Form 4
Restaurant Brands International Inc. (QSR) insider trading
In the 12 months to Oct 23, 2026, 9 QSR insiders reported open-market sales of $41.1M across 11 filings; no open-market purchases were filed.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $41.1M
- 11 filings · 9 insiders
- Open-market purchases
- $0
- 0 filings
Who traded QSR, and when
- Sale
QSR daily close from Oct 23, 2025 to Oct 23, 2026, between $65.69 and $81.67, last $74.84. 11 sale and 0 purchase filings by 9 insiders, marked at their filing dates. Joshua Kobza, Chief Executive Officer: sold $16.3M across 2 filings, first filed Dec 17, 2025, last Mar 18, 2026. Sami A. Siddiqui, Chief Financial Officer: sold $6.0M across 1 filing, first filed Mar 17, 2026, last Mar 17, 2026. Thomas Benjamin Curtis, Pres., BK US & CA: sold $5.5M across 2 filings, first filed Dec 17, 2025, last Aug 25, 2026. Axel Schwan, Pres., Tim Hortons US & Canada: sold $4.7M across 1 filing, first filed Sep 9, 2026, last Sep 9, 2026. Jill Granat, Officer (see filing): sold $3.7M across 1 filing, first filed Mar 18, 2026, last Mar 18, 2026. Jacqueline Friesner, Officer (see filing): sold $2.2M across 1 filing, first filed Mar 18, 2026, last Mar 18, 2026. 3 others: sold $2.7M across 3 filings, first filed Dec 1, 2025, last Mar 20, 2026.
Largest mark · tap a row for others
Joshua Kobza · Chief Executive Officer
Sale $15,009,900
200,000 shares at $75.05 avg
Filed Mar 18, 2026
Close on filing date $74.26
Joshua Kobza · Chief Executive Officer
Chief Executive Officer
$16.3M soldSami A. Siddiqui · Chief Financial Officer
Chief Financial Officer
$6.0M soldThomas Benjamin Curtis · Pres., BK US & CA
Pres., BK US & CA
$5.5M soldAxel Schwan · Pres., Tim Hortons US & Canada
Pres., Tim Hortons US & Canada
$4.7M soldJill Granat · Officer (see filing)
Officer (see filing)
$3.7M soldJacqueline Friesner · Officer (see filing)
Officer (see filing)
$2.2M sold3 others
Combined, one mark per week
$2.7M soldHas Restaurant Brands International Inc.'s CEO sold stock?
Yes. Joshua Kobza (CEO) sold 217,535 shares ($16.3M) between Dec 2025 and Mar 2026.
Open-market trades
11 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Joshua Kobza | Chief Executive Officer | $16.3M | — | 2 | — | |
| Sami A. Siddiqui | Chief Financial Officer | $6.0M | — | 1 | — | |
| Thomas Benjamin Curtis | Pres., BK US & CA | $5.5M | — | 2 | — | |
| Axel Schwan | Pres., Tim Hortons US & Canada | $4.7M | — | 1 | — | |
| Jill Granat | Officer (see filing) | $3.7M | — | 1 | — | |
| Jacqueline Friesner | Officer (see filing) | $2.2M | — | 1 | — | |
| Jeffrey Housman | Officer (see filing) | $1.5M | — | 1 | — | |
| Thiago T. Santelmo | President, International | $754.1K | — | 1 | — | |
| Ali Hedayat | Director | $509.4K | — | 1 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Axel Schwan Pres., Tim Hortons US & Canada | Sale | 57,574 | $81.14 | $4.7M | 209,908 | |
traded | Thomas Benjamin Curtis Pres., BK US & CA | Sale | 64,000 | $80.72 | $5.2M | 38,216 | |
traded | Jeffrey Housman Officer (see filing) | Sale | 20,000 | $73.48 | $1.5M | 162,077 | |
traded | Jill Granat Officer (see filing) | Sale | 50,000 | $74.92 | $3.7M | 478,845 | |
traded | Jacqueline Friesner Officer (see filing) | Sale | 30,000 | $74.61 | $2.2M | 165,727 | |
traded | Joshua Kobza Chief Executive Officer | Sale | 200,000 | $75.05 | $15.0M | 960,769 | |
traded | Thiago T. Santelmo President, International | Sale | 10,000 | $75.41 | $754.1K | 78,560 | |
traded | Sami A. Siddiqui Chief Financial Officer | Sale | 80,000 | $74.90 | $6.0M | 12,139 | |
traded | Joshua Kobza Chief Executive Officer | Sale | 17,535 | $70.92 | $1.2M | 966,502 | |
traded | Thomas Benjamin Curtis Pres., BK US & CA | Sale | 4,250 | $70.48 | $299.5K | 74,957 | |
traded | Ali Hedayat Director | Sale | 7,000 | $72.77 | $509.4K | 23,689 |
GET /stocks/filings/vX/form-4?tickers=QSR&filing_date.gte=2025-10-23&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"QSR"
],
"issuer_cik": "0001618756",
"owner_cik": "0001594977",
"accession_number": "0001594977-26-000020",
"form_type": "4",
"filing_date": "2026-09-09",
"period_of_report": "2026-09-04",
"issuer_name": "Restaurant Brands International Inc.",
"issuer_trading_symbol": "QSR",
"owner_name": "Schwan Axel",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "Pres., Tim Hortons US & Canada",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Shares",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-09-04",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 57574,
"transaction_price_per_share": 81.1428,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 209907.9293,
"transaction_value": 4671715.5671999995,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $80.87 to $81.36 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."
}
]
},
{
"tickers": [
"QSR"
],
"issuer_cik": "0001618756",
"owner_cik": "0001804729",
"accession_number": "0001804729-26-000020",
"form_type": "4",
"filing_date": "2026-08-25",
"period_of_report": "2026-08-21",
"issuer_name": "Restaurant Brands International Inc.",
"issuer_trading_symbol": "QSR",
"owner_name": "CURTIS THOMAS BENJAMIN",
"is_director": false,
"is_officer": true,
"is_ten_percent_owner": false,
"is_other": false,
"officer_title": "Pres., BK US & CA",
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Common Shares",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-08-21",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 64000,
"transaction_price_per_share": 80.7195,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 38216.2029,
"transaction_value": 5166048,
"not_subject_to_section_16": false,
"direct_or_indirect": "D",
"footnotes": [
{
"id": "F1",
"description": "Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $80.47 to $80.83 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."
}
]
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 140 records
- Option exercises59 records
- Tax withholding (sold to cover)48 records
- Grants and awards29 records
- Gifts2 records
- Other2 records
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for QSR every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.