Restaurant Brands International Inc.
A parent company of four restaurant chains — Tim Hortons, Burger King, Popeyes, and Firehouse Subs — Restaurant Brands International grew out of a 2014 merger of Burger King and the Canadian coffee-and-doughnut chain Tim Hortons. Tim Hortons itself takes its name from Tim Horton, a Toronto Maple Leafs defenceman who co-founded the first shop. One favorite detail: Burger King began in 1953 as "Insta-Burger King," named for the "Insta-Broiler" machine that cooked its patties.
Item 4 of Schedule 13D is hereby amended to add the following language: As noted above, 3G RBH delivered to RBI LP an exchange notice to exchange 2,784,549 Exchangeable Units held by 3G RBH. The exchange notice became irrevocable on August 10, 2026 with respect to 2,784,549 Exchangeable Units. As announced by the Issuer on August 10, 2026, upon receipt of the exchange notice, the Issuer, in its capacity as general partner of RBI LP, elected to have RBI LP satisfy the 2026 Exchange by repurchasing 2,784,549 Exchangeable Units for cash. The 2026 Exchange will be effected as of the close of business on August 31, 2026. The Reporting Persons continue to hold 94,373,170 Exchangeable Units, for which they have not submitted any exchange notice. Except as set forth in this Schedule 13D and in connection with the Transactions and the other transactions discussed herein, the Reporting Persons have no plan or proposals that relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 4 of Schedule 13D is hereby amended to add the following language: As noted above, 3G RBH delivered to RBI LP an exchange notice to exchange 2,784,549 Exchangeable Units held by 3G RBH. The exchange notice became irrevocable on August 10, 2026 with respect to 2,784,549 Exchangeable Units. As announced by the Issuer on August 10, 2026, upon receipt of the exchange notice, the Issuer, in its capacity as general partner of RBI LP, elected to have RBI LP satisfy the 2026 Exchange by repurchasing 2,784,549 Exchangeable Units for cash. The 2026 Exchange will be effected as of the close of business on August 31, 2026. The Reporting Persons continue to hold 94,373,170 Exchangeable Units, for which they have not submitted any exchange notice. Except as set forth in this Schedule 13D and in connection with the Transactions and the other transactions discussed herein, the Reporting Persons have no plan or proposals that relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| EdgePoint Investment Group Inc. | 13G/APassive | 4.95% | 17.17M | Aug 14, 2026 |
| 3G Restaurant Brands Holdings General Partner Ltd. | 13D/AActivist | 21.3% | 94.37M | Aug 12, 2026 |
Item 4 of Schedule 13D is hereby amended to add the following language: As noted above, 3G RBH delivered to RBI LP an exchange notice to exchange 2,784,549 Exchangeable Units held by 3G RBH. The exchange notice became irrevocable on August 10, 2026 with respect to 2,784,549 Exchangeable Units. As announced by the Issuer on August 10, 2026, upon receipt of the exchange notice, the Issuer, in its capacity as general partner of RBI LP, elected to have RBI LP satisfy the 2026 Exchange by repurchasing 2,784,549 Exchangeable Units for cash. The 2026 Exchange will be effected as of the close of business on August 31, 2026. The Reporting Persons continue to hold 94,373,170 Exchangeable Units, for which they have not submitted any exchange notice. Except as set forth in this Schedule 13D and in connection with the Transactions and the other transactions discussed herein, the Reporting Persons have no plan or proposals that relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. | ||||
| 3G Restaurant Brands Holdings LP | 13D/AActivist | 21.3% | 94.37M | Aug 12, 2026 |
Item 4 of Schedule 13D is hereby amended to add the following language: As noted above, 3G RBH delivered to RBI LP an exchange notice to exchange 2,784,549 Exchangeable Units held by 3G RBH. The exchange notice became irrevocable on August 10, 2026 with respect to 2,784,549 Exchangeable Units. As announced by the Issuer on August 10, 2026, upon receipt of the exchange notice, the Issuer, in its capacity as general partner of RBI LP, elected to have RBI LP satisfy the 2026 Exchange by repurchasing 2,784,549 Exchangeable Units for cash. The 2026 Exchange will be effected as of the close of business on August 31, 2026. The Reporting Persons continue to hold 94,373,170 Exchangeable Units, for which they have not submitted any exchange notice. Except as set forth in this Schedule 13D and in connection with the Transactions and the other transactions discussed herein, the Reporting Persons have no plan or proposals that relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. | ||||
| Pershing Square Capital Management, L.P. | 13D/AActivist | 7.8% | 27.14M | May 8, 2026 |
| Pershing Square Inc. | 13D/AActivist | 7.8% | 27.14M | May 8, 2026 |
| Pershing Square Partner Group, LLC | 13D/AActivist | 7.8% | 27.14M | May 8, 2026 |
| Pershing Square Management, LLC | 13D/AActivist | 7.8% | 27.14M | May 8, 2026 |
| William A. Ackman | 13D/AActivist | 7.8% | 27.14M | May 8, 2026 |
| Pershing Square USA, Ltd. | 13D/AActivist | 1.3% | 4.51M | May 8, 2026 |
| BlackRock, Inc. | 13G/APassive | 7% | 22.79M | Jan 21, 2026 |