3G Restaurant Brands Holdings General Partner Ltd. bought QSR

November 13, 2025 · Form 4 insider transaction

3G Restaurant Brands Holdings General Partner Ltd. bought 17,626,570 shares of Restaurant Brands International Inc., a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 1 day after the transaction.

Direction
Acquired (buy-side)
Shares
17,626,570
Price
N/A
Total value
N/A
Role
SecurityForward sale contract (obligation to sell)
Transaction codeJ: J
Transaction dateNovember 13, 2025
Filing dateNovember 14, 2025
Shares owned after17,626,570
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

On November 13, 2025, HL1 17 LP, an affiliate of 3G Restaurant Brands Holdings General Partner Ltd. ("HL1"), entered into a forward sale contract (the "Forward Contract") with an unaffiliated third party buyer, BofA Securities, Inc. The Forward Contract obligates HL1 to deliver to the buyer up to 17,626,570 common shares of RBI (the "Forward Shares") on the scheduled settlement date of December 3, 2025 or such earlier date as elected by HL1 in accordance with the terms of the Forward Contract. In exchange, HL1 will receive a cash payment based on a price per share of $68.72 multiplied by a factor of (1+ (an overnight bank funding rate minus a negotiated spread)) for each day that the Forward Contract is outstanding. Each Reporting Person disclaims all right, title and interest with respect to the Forward Contract transaction and nothing set forth herein shall be an admission that such Reporting Person has beneficial ownership of the Forward Shares or any transaction relating thereto.

View the original Form 4 on SEC EDGAR