Axel Schwan sold $4.7M of QSR
Pres., Tim Hortons US & Canada at Restaurant Brands International Inc.. 57,574 shares at an average of $81.14, traded Sep 4, 2026, filed Sep 9, 2026.
Score components
- +15RoleOfficer
- +25Trade size$4.7M at market
- +5Share of holdings soldSold 22% of holdings
- 0ClusterNo other insider selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
What happened after comparable sells
Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.
Price around the trade, and since
From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.
Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™
Rows in this filing
Every transaction in Form 4 0001594977-26-000020, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Sep 4, 2026 | MOption exercise Common Shares | +40,000 | $58.44 | $2.3M | 237,482 | 33 d ago |
| Sep 4, 2026 | MOption exercise Common Shares | +30,000 | $64.75 | $1.9M | 267,482 | 33 d ago |
| Sep 4, 2026 | SOpen-market sale Common Shares | -57,574 | $81.14 | $4.7M | 209,908 | 33 d ago |
| Sep 4, 2026 | MOption exercise Option (Right to Buy)derivative | -40,000 | $0.00 | $0 | 0 | 33 d ago |
| Sep 4, 2026 | MOption exercise Option (Right to Buy)derivative | -30,000 | $0.00 | $0 | 0 | 33 d ago |
Related signals
Other insiders at Restaurant Brands International Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 35Weak | QSRsell Restaurant Brands International Inc. | Jacqueline Friesner See Remarks | $4.9M 70,000 shares | -28% | |
| 45Moderate | QSRsell Restaurant Brands International Inc. | Thomas Benjamin Curtis Pres., BK US & CA | $1.6M 23,000 shares | -24% | |
| 45Moderate | Restaurant Brands International Inc. | Thomas Benjamin Curtis See Remarks | $1.5M 23,350 shares | -20% | |
| 34Weak | Restaurant Brands International Inc. | Jacqueline Friesner See Remarks | $563k 8,738 shares | -5% | |
| 60Notable | Restaurant Brands International Inc. | Duncan Fulton Chief Corporate Officer | $3.0M 47,168 shares | -58% | |
| 40Moderate | Restaurant Brands International Inc. | Jill Granat See Remarks | $1.3M 20,367 shares | -4% | |
| 39Weak | Restaurant Brands International Inc. | Jeffrey Housman See Remarks | $940k 14,593 shares | -9% | |
| 41Moderate | Restaurant Brands International Inc. | Jeffrey W Klein President, Popeyes-US & Canada | $377k 5,859 shares | -24% | |
| 50Moderate | Restaurant Brands International Inc. | Joshua Kobza Chief Executive Officer | $4.7M 72,720 shares | -7% | |
| 29Weak | Restaurant Brands International Inc. | Jacqueline Friesner See Remarks | $292k 4,688 shares | -3% |
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.