Ali Hedayat - 26 Nov 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role: Director
Signature: /s/ Jill Granat, Attorney-in-Fact for Ali Hedayat
Issuer symbol: QSR
Transactions as of: 26 Nov 2025
Transactions value $: -$509,418
Form type: 4
Filing time: 01 Dec 2025, 17:01:06 UTC
Previous filing: 03 Jan 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hedayat Ali	Director	130 KING STREET WEST, SUITE 300, TORONTO, ONTARIO, CANADA	/s/ Jill Granat, Attorney-in-Fact for Ali Hedayat	01 Dec 2025	0001679916

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QSR	Common Shares	Sale	-$165,143	-2,273	-8.76%	$72.65	23,689	26 Nov 2025	Direct	F1
transaction	QSR	Common Shares	Sale	-$344,274	-4,727	-19.95%	$72.83	18,962	26 Nov 2025	Direct	F2

* 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 USD$72.63 to USD$72.655 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	Represents the weighted average price of the shares sold. The reported shares were sold in Canadian dollars at prices ranging from CAD$102.33 to CAD$102.47 per share, inclusive. The sale prices were converted into their U.S. dollar equivalent ranging from USD$72.7873 to USD$72.8869 per share using the Bank of Canada daily exchange rate on November 26, 2025 of 0.7113. 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.

Content

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from USD$72.63 to USD$72.655 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.

Represents the weighted average price of the shares sold. The reported shares were sold in Canadian dollars at prices ranging from CAD$102.33 to CAD$102.47 per share, inclusive. The sale prices were converted into their U.S. dollar equivalent ranging from USD$72.7873 to USD$72.8869 per share using the Bank of Canada daily exchange rate on November 26, 2025 of 0.7113. 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.