---
schema_version: "secwatch.filing_event.v1"
accession: "0001618756-25-000306"
form_type: "8-K"
ticker: "QSR"
cik: "0001618756"
company_name: "Restaurant Brands International Inc."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:51:45.170239+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 3G Capital affiliate to sell up to 17.6M QSR shares at $68.72 in secondary offering

## Summary
- HL1 17 LP (3G affiliate) exchanges 17,626,570 Class B units for common shares; RBI will not receive any proceeds.
- Offering priced at $68.72/share via forward sale with BofA Securities; expected close Nov 17, 2025.
- Selling shareholder and 3G affiliates subject to 45-day lock-up from offering date.
- Settlement of forward sale and exchange expected by December 3, 2025; aggregate share count unchanged.

## SEC filing metadata
- accession: 0001618756-25-000306
- form_type: 8-K
- ticker: QSR
- cik: 0001618756
- company_name: Restaurant Brands International Inc.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618756/000161875625000306/0001618756-25-000306-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618756/000161875625000306/qsr-20251113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618756-25-000306
- JSON: https://secwatch.observer/filing/0001618756-25-000306.json
- Plain text: https://secwatch.observer/filing/0001618756-25-000306.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.