Joshua Kobza sold $1.8M of QSR
Chief Executive Officer at Restaurant Brands International Inc.. 25,472 shares at an average of $70.91, traded Dec 15, 2025, filed Dec 17, 2025.
Score components
- +25RoleCEO
- +25Trade size$1.8M at market
- 0Share of holdings soldSold 2.6% of holdings
- +15Cluster10 insiders 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.
This signal so far: 1m -1.8%, 3m +6.7%, 6m +7.5%.
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 0001574771-25-000007, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Dec 15, 2025 | MOption exercise Common Shares | +7,097 | $0.00 | $0 | 973,598 | Dec 17, 2025 |
| Dec 15, 2025 | MOption exercise Common Shares | +8,139 | $0.00 | $0 | 981,738 | Dec 17, 2025 |
| Dec 15, 2025 | MOption exercise Common Shares | +5,016 | $0.00 | $0 | 986,754 | Dec 17, 2025 |
| Dec 15, 2025 | SOpen-market sale Common Shares | -7,937 | $70.87 | $563k | 978,817 | Dec 17, 2025 |
| Dec 15, 2025 | SOpen-market sale Common Shares | -12,315 | $70.87 | $873k | 966,502 | Dec 17, 2025 |
| Dec 15, 2025 | SOpen-market sale Common Shares | -5,220 | $71.04 | $371k | 961,282 | Dec 17, 2025 |
| Dec 15, 2025 | GGift Common Shares | -14,000 | $0.00 | $0 | 947,282 | Dec 17, 2025 |
| Dec 15, 2025 | MOption exercise Restricted Share Unitsderivative | -7,097 | $0.00 | $0 | 7,097 | Dec 17, 2025 |
| Dec 15, 2025 | MOption exercise Restricted Share Unitsderivative | -8,139 | $0.00 | $0 | 16,276 | Dec 17, 2025 |
| Dec 15, 2025 | MOption exercise Restricted Share Unitsderivative | -5,016 | $0.00 | $0 | 15,048 | Dec 17, 2025 |
Related signals
Other insiders at Restaurant Brands International Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 38Weak | Restaurant Brands International Inc. | Axel Mr Schwan Pres., Tim Hortons US & Canada | $4.7M 57,574 shares | -22% | |
| 68Notable | Restaurant Brands International Inc. | Thomas Benjamin Curtis Pres., BK US & CA | $5.2M 64,000 shares | -63% | |
| 45Moderate | Restaurant Brands International Inc. | Jeffrey Housman See Remarks | $1.5M 20,000 shares | -11% | |
| 60Notable | Restaurant Brands International Inc. | Jacqueline Friesner See Remarks | $2.2M 30,000 shares | -15% | |
| 40Moderate | Restaurant Brands International Inc. | Jill Granat See Remarks | $3.7M 50,000 shares | -10% | |
| 55Moderate | Restaurant Brands International Inc. | Joshua Kobza Chief Executive Officer | $15M 200,000 shares | -17% | |
| 47Moderate | Restaurant Brands International Inc. | Thiago T Santelmo President, International | $754k 10,000 shares | -11% | |
| 67Notable | Restaurant Brands International Inc. | Sami A. Siddiqui Chief Financial Officer | $6.0M 80,000 shares | -106% | |
| 45Moderate | Restaurant Brands International Inc. | Thomas Benjamin Curtis Pres., BK US & CA | $1.0M 15,410 shares | -13% | |
| 29Weak | Restaurant Brands International Inc. | Jacqueline Friesner See Remarks | $312k 4,617 shares | -2% |
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.