# EDGAR Filing Document

**Accession Number:** 0001336528
**File Stem:** 0001140361-26-020328
**Filing Date:** 2026-5
**Character Count:** 85823
**Document Hash:** ed50b6e239ef3d853b3427cf041f1c06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-020328.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001140361-26-020328

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 7

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Restaurant Brands International Inc.
- **CENTRAL INDEX KEY:** 0001618756
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88464
- **FILM NUMBER:** 26960527

**BUSINESS ADDRESS:**
- **STREET 1:** 5707 BLUE LAGOON DRIVE
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33126
- **BUSINESS PHONE:** (905) 845-6511

**MAIL ADDRESS:**
- **STREET 1:** 5707 BLUE LAGOON DRIVE
- **CITY:** MIAMI
- **STATE:** FL
- **ZIP:** 33126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 9060669 Canada Inc.
- **DATE OF NAME CHANGE:** 20141028

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 1011773 B.C. Unlimited Liability Co
- **DATE OF NAME CHANGE:** 20140905
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pershing Square Capital Management, L.P.
- **CENTRAL INDEX KEY:** 0001336528

**ORGANIZATION NAME:**
- **EIN:** 383694136
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 787 11TH AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-813-3700

**MAIL ADDRESS:**
- **STREET 1:** 787 11TH AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Exhibit 99.11

------

#### EXHIBIT 99.11

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; **Name** | &nbsp;&nbsp; **Trade Date** | &nbsp;&nbsp; **Buy/Sell** | &nbsp;&nbsp; **No. of Shares / Quantity**  | &nbsp;&nbsp; **Unit Cost**  | &nbsp;&nbsp; **Strike Price**  | &nbsp;&nbsp; **Trade Amount**  | &nbsp;&nbsp; **Trade Amount**  | &nbsp;&nbsp; **Security** | &nbsp;&nbsp; **Expiration Date** |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; April 30, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 1000000  | &nbsp;&nbsp; $80.61  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; $80610000  | &nbsp;&nbsp; Common Stock | &nbsp;&nbsp; Common Stock | &nbsp;&nbsp; N/A |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 1, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 770000  | &nbsp;&nbsp; $80.71  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; $62150063  | &nbsp;&nbsp; Common Stock | &nbsp;&nbsp; Common Stock | &nbsp;&nbsp; N/A |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 1, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 250000  | &nbsp;&nbsp; $80.02  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; May 1, 2029 |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 4, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 90000  | &nbsp;&nbsp; $80.56  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; $7250787  | &nbsp;&nbsp; Common Stock | &nbsp;&nbsp; Common Stock | &nbsp;&nbsp; N/A |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 4, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 365388  | &nbsp;&nbsp; $80.00  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; May 1, 2029 |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 5, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 174293  | &nbsp;&nbsp; $81.27  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; May 1, 2029 |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 6, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 983139  | &nbsp;&nbsp; $77.37  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; May 1, 2029 |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 7, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 711017  | &nbsp;&nbsp; $77.94  | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; May 1, 2029 |
| &nbsp;&nbsp; Pershing Square USA, Ltd. | &nbsp;&nbsp; May 8, 2026 | &nbsp;&nbsp; Buy | &nbsp;&nbsp; 168941 | &nbsp;&nbsp; $79.62 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; OTC Equity Forward | &nbsp;&nbsp; May 1, 2029 |

---

------

## Exhibit 99.12

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#### EXHIBIT 99.12
&nbsp;&nbsp;&nbsp;&nbsp; The name of each executive officer and member of the Board of Trustees of Pershing Square USA, Ltd. is set forth below.

&nbsp;&nbsp;&nbsp;&nbsp; The business address of each person listed below is c/o Pershing Square Inc., 787 Eleventh Avenue, 9th Floor, New York, New York 10019.

&nbsp;&nbsp;&nbsp;&nbsp; The citizenship and present principal occupation or employment of each of the listed persons is set forth below.

---

| | | | |
|:---|:---|:---|:---|
| **NAME**  | **POSITION**  | **PRESENT PRINCIPAL <br>OCCUPATION**  | **CITIZENSHIP**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William A. Ackman  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan Israel  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Investment Officer  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Investment Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Halit Coussin  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Compliance Officer  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Legal Officer and Chief Compliance Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michael Gonnella  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ben Hakim  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jessica A. Falzone  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Secretary  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Counsel and Compliance Officer, Pershing Square Capital Management, L.P.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barry Barbash  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee and Chairman of the Board  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Management Consultant; Adjunct Professor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evan Bakst  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Managing Partner, Treetop Capital  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anne Farlow  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-executive director, Caledonia Investments plc  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bruce Herring  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Board Member, Anchor Health  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lisa Polsky  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee, AQR Funds  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nicholas A. Botta  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director, Pershing Square USA, Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |

---

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## Exhibit 99.13

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#### EXHIBIT 99.13
&nbsp;&nbsp;&nbsp;&nbsp; The name of each director and executive officer of Pershing Square Inc. is set forth below.

&nbsp;&nbsp;&nbsp;&nbsp; The business address of each person listed below is c/o Pershing Square Inc., 787 Eleventh Avenue, 9th Floor, New York, New York 10019.

&nbsp;&nbsp;&nbsp;&nbsp; The citizenship and present principal occupation or employment of each of the listed persons is set forth below.

---

| | | | |
|:---|:---|:---|:---|
| **NAME**  | **POSITION**  | **PRESENT PRINCIPAL<br>OCCUPATION**  | **CITIZENSHIP**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William A. Ackman  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer and Chairman of the Board  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan Israel  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Investment Officer and Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Investment Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Halit Coussin  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Legal Officer, Chief Compliance Officer and Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Legal Officer and Chief Compliance Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michael Gonnella  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ben Hakim  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President of Pershing Square Capital Management, L.P. and Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; David Coppel Calvo  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Commercial Officer, Vice President of Investment and Board Member of Grupo Coppel  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico, Spain  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kerry Murphy Healey  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lecturer at the Princeton School of Public and International Affairs  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orion Hindawi  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Executive Chairman and former CEO of Tanium  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States of America  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marco Kheirallah  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Founding partner of Lumina Capital Management  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nicholas M. Lamotte  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Director  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Executive Chairman of Consulta Limited  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom, Germany  |

---

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## Exhibit 99.14

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#### EXHIBIT 99.14
The name of each member of Pershing Square Management, LLC is set forth below.

The business address of each person listed below is c/o Pershing Square Management, LLC, 787 Eleventh Avenue, 9th Floor, New York, New York 10019.

Each person is a citizen of the United States of America. The present principal occupation or employment of each of the listed persons is set forth below.

---

| | |
|:---|:---|
| **NAME** | **PRESENT PRINCIPAL OCCUPATION** |
| William A. Ackman | Chief Executive Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc. |
| Ryan Israel | Chief Investment Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc. |
| Ben Hakim | President of Pershing Square Capital Management, L.P. and Pershing Square Inc. |
| Michael Gonnella | Chief Financial Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc. |
| Halit Coussin | Chief Legal Officer and Chief Compliance Officer of Pershing Square Capital Management, L.P. and Pershing Square Inc. |
| Anthony Massaro | Member of Investment Team of Pershing Square Capital Management, L.P. and Pershing Square Inc. |

---

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## Exhibit 99.15

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#### EXHIBIT 99.15
**JOINT FILING AGREEMENT**

&nbsp;&nbsp;&nbsp;&nbsp; In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing, along with all other such undersigned, on behalf of the Reporting Persons (as defined in the joint filing), of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, no par value, of Restaurant Brands International Inc., and that this agreement be included as an Exhibit 99.15 to such joint filing. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein but shall not be responsible for the completeness and accuracy of the information concerning the others.

&nbsp;&nbsp;&nbsp;&nbsp; IN WITNESS WHEREOF, each of the undersigned hereby executes this agreement as of this 8th day of May, 2026.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Capital Management, L.P.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Capital Management, L.P.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name/Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Signatory  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/08/2026  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square USA, Ltd.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square USA, Ltd.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name/Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Signatory  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/08/2026  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Inc.  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Inc.  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name/Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Signatory  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/08/2026  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Partner Group, LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Partner Group, LLC  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: Pershing Square Management, LLC, its managing member  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: Pershing Square Management, LLC, its managing member  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name/Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Signatory  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/08/2026  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Management, LLC  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pershing Square Management, LLC  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name/Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Signatory  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/08/2026  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William A. Ackman  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Signature:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name/Title:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William A. Ackman  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date:  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 05/08/2026  |

---

------

## Exhibit 99.16

------

#### EXHIBIT 99.16

To: Pershing Square USA, Ltd.

Attention: c/o Pershing Square Capital Management, L.P.

787 Eleventh Avenue, 9<sup>th</sup> Floor

New York, NY 10019

Date: [●], 2026

#### SHARE FORWARD MASTER CONFIRMATION

Dear Sir/Madam:

The purpose of this Share Forward Master Confirmation (this "**Master Confirmation**") is to set forth the general terms and conditions of one or more Transactions (each a "**Transaction**") that may be entered into between you ("**Counterparty**") and us ("**Dealer**") on the Trade Date specified in a Supplemental Confirmation, each substantially in the form of Schedule A hereto, confirming the specific terms and conditions of a particular Transaction (each a "**Supplemental Confirmation**"). Each Transaction, if executed, will be a Forward, the terms of which are specified in the Master Confirmation as supplemented by the Supplemental Confirmation (together, the "**Confirmation**"). The entry into this Master Confirmation does not obligate either party to enter into any Transaction.

This Confirmation constitutes a "Confirmation" as referred to in the Agreement specified below. This Confirmation hereby incorporates by reference the 2002 ISDA Equity Derivatives Definitions (the "**Equity Definitions**") and the 2006 ISDA Definitions (the "**Swap Definitions**"), each as published by the International Swaps and Derivatives Association, Inc. In the event of any inconsistency between the Equity Definitions and the Swap Definitions, the Equity Definitions will govern. In the event of any inconsistency between either the Equity Definitions or the Swap Definitions and this Confirmation, this Confirmation will govern. For purposes of the Equity Definitions, each Transaction shall be a Share Forward Transaction.

The Confirmation evidences a complete and binding agreement between Dealer and Counterparty as to the terms of the Transaction to which the Confirmation relates. The Confirmation shall supplement, form a part of and be subject to the 2002 ISDA Master Agreement (the "**Agreement**") as published by ISDA entered into between the parties on [●], including the Schedule thereto and the 1994 Credit Support Annex (Bilateral Form—New York Law) (the "**CSA**") to such Schedule. In the event of any inconsistency between the provisions of the Agreement or the CSA and the Confirmation, the Confirmation will govern for the purpose of the Transaction to which the Confirmation relates.

<br> 1. The terms of each Transaction to which this Confirmation relates are as follows:

#### General Terms:

<br> Trade Date: As specified in the relevant Supplemental Confirmation

<br> Valuation Date: [●]

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|:---|:---|
| Shares: | Common Shares, without par value of Restaurant Brands International Inc. (the "**Issuer**") (ticker symbol: QSR) |

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<br> Exchange: New York Stock Exchange

<br> Related Exchange: None

1/17<br>

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<br> Buyer: Counterparty

<br> Seller: Dealer

<br> Number of Shares: As specified in the relevant Supplemental Confirmation

<br> Prepayment: Not Applicable

<br> Variable Obligation: Not Applicable

<br> Forward Price: As specified in the relevant Supplemental Confirmation

#### General Settlement Terms:

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|:---|:---|
| Condition to Physical Settlement: | The Buyer may not early terminate this Transaction or proceed with Physical Settlement on the Settlement Date until (a) any required filings and any applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or any other applicable law relating to the transactions contemplated hereby, shall have been made or shall have expired or been terminated, as applicable or (b) the Buyer has determined that the Buyer has an exemption for any such filings (the "**Physical Settlement Condition**"). Any such exercise shall constitute a representation by the Buyer that such filings have been made and any such waiting periods have expired or that the Buyer has determined that the Buyer has an exemption from such filings. |

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|:---|:---|
| Condition to Cash Settlement: | The Buyer represents to the Seller that the election by Buyer of Cash Settlement (either upon early termination or on the scheduled maturity of the Transaction) is not in violation of Section 10(b) of the Securities Exchange Act of 1934, as amended (the "**1934 Act**"). |

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In any event, upon a Cash Settlement, the Buyer will represent to the Seller that either (1) Buyer is or has been for the preceding three months an "affiliate" (as defined under Rule 144 under the Securities Act of 1933, as amended (the "**1933 Act**")) of the Issuer, (2) Buyer is not and has not been for the preceding three months an "affiliate" of the Issuer, or (3) Buyer should be deemed an "affiliate" of the Issuer solely for purposes of all Transactions under this Master Confirmation.

#### Procedures for Early Termination:

<br> Latest Early Termination Time: The scheduled closing time of the Exchange.

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|:---|:---|
| Early Termination Right: | The Buyer may early terminate this Transaction (in whole or in part) by notice to the Seller prior to the Latest Early Termination Time on or before the Valuation Date (such date, the "**Early Termination Date**"). In such case, the Valuation Date will be deemed to be the Early Termination Date and the portion of the Number of Shares subject to early termination will be settled in accordance with the terms of this Master Confirmation or as otherwise agreed by the parties, with the remaining portion of the Number of Shares (if any) continuing under the terms of this Confirmation. |

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#### Settlement Terms:

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|:---|:---|
| Settlement Method: | Physical Settlement (unless Cash Settlement is elected by Counterparty in accordance with the terms hereof); *provided* that, in respect of Physical Settlement, (i) clause (a) of Section 9.4 of the Equity Definitions is hereby amended by adding the words "as soon as practicable after the Valuation Date, but in any event no later than" before the words "the date that falls one Settlement Cycle following the Valuation Date" and (ii) clause (a)(i) of Section 9.2 of the Equity Definitions is hereby amended by adding "*plus* an amount equal to the Financing Payment Amount," before the words "and Seller will deliver to Buyer " in the third line thereof. |

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<br> Default Settlement Method: Physical Settlement

<br> Settlement Method Election: Applicable

<br> Electing Party: Buyer

<br> Settlement Method Election Date(s): Any Scheduled Trading Day following the Trade Date and prior to the Valuation Date

<u>Cash Settlement Terms:</u>

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|:---|:---|
| Number of Cash-Settled Shares: | The Number of Shares (or in the case of an early termination, the portion of the Number of Shares subject to early termination on an Early Termination Date); *provided* that the valuation related to such Number of Cash-Settled Shares will occur as set forth under "*Cash Settlement Procedures*" below. |

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|:---|:---|
| Cash Settlement Procedures: | On a Valuation Date (or deemed Valuation Date) where Cash Settlement is elected, the Calculation Agent will determine the portion of the Number of Cash-Settled Shares (which may be all such Number of Cash-Settled Shares) subject to cash settlement (the "**Settled Number of Shares**") in its good faith and commercially reasonable discretion (which may, for the avoidance of doubt, be exercised in consideration of advice of counsel to Counterparty and counsel to Dealer and in consideration of other market activity or derivative transaction or unwind activity by Counterparty as well as any legal considerations applicable to Counterparty, including, but not limited to, considerations related to the fact that Counterparty may be an "insider" or "affiliate" of the Issuer and the application, if any, of any related securities laws (such considerations, the "**Unwind Parameters**")), and will notify Dealer and Counterparty of such determination. The Calculation Agent will include in such notice the number of Averaging Dates ("**Determined Averaging Date Number**") and the initial Averaging Date for such settlement which will be the first Scheduled Trading Day after the related Valuation Date (each such date, an "**Initial Averaging Date**"). In respect of the settlement on the Valuation Date, the Initial Averaging Date will be the Valuation Date. |

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The Calculation Agent will ensure that the Determined Averaging Date Number is equal to or greater than (or is by no more than 5 Scheduled Trading Days less than) a number equal to the quotient of (a) the Settled Number of Shares *divided by* (b) the ADTV Limit, with any fractional Determined Averaging Date Number being rounded up to the next whole number. "**ADTV Limit**" means a number equal to the product of (i) [●]%, and (ii) the trailing average daily composite trading volume of the Shares for the most recent [●] calendar day period, determined by the Calculation Agent as of the Valuation Date.

Such cash settlement shall proceed under the Equity Definitions as if (i) the Settled Number of Shares were the Number of Shares for purposes of Section 8.4 ("*Cash Settlement of Forward Transactions*") and Section 8.5 of the Equity Definitions ("*Forward Cash Settlement Amount*"), (ii) the Averaging Dates were a number of consecutive Exchange Business Days beginning on, and including, the Initial Averaging Date for such settlement, which number shall be equal to Determined Averaging Date Number, and (iii) the Cash Settlement Payment Date were as defined below.

Following each such settlement, the Transaction will continue with a Number of Shares reduced by the amounts so settled, and the Calculation Agent will select subsequent Initial Averaging Date(s) (in conjunction with a related Determined Averaging Date Number) in a good faith and commercially reasonable manner (taking into account the Unwind Parameters) until the total of all Settled Number of Shares equals the original Number of Cash-Settled Shares. For the avoidance of doubt, the Calculation Agent may select a Settled Number of Shares for the first settlement hereunder that equals the total Number of Cash-Settled Shares, in which case there shall be only one such settlement hereunder.

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<br> Cash Settlement Payment Date: In respect of a Settled Number of Shares, one Settlement Cycle following the final Averaging Date.

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|:---|:---|
| Forward Cash Settlement Amount: | Notwithstanding Section 8.5, an amount equal to (a) the Number of Shares *multiplied by* (b) an amount equal to the Settlement Price *minus* the Forward Price, *minus* (c) an amount equal to the Financing Payment Amount. |

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<u>Determination of Financing Payment Amount</u>

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|:---|:---|
| Financing Payment Amount: | With respect to each Transaction, the sum of the Financing Amounts for each Calculation Period. |

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<br> Calculation Periods: Notwithstanding anything to the contrary in the Swap Definitions, with respect to each Transaction, each period commencing on (and including) a Period End Date and ending on (and excluding) the successive Period End Date

<br> Period End Dates: Each Business Day during the term of the Transaction

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|:---|:---|
| Financing Amount: | For each Calculation Period, the product of (a) the Calculation Amount *multiplied by* (b) (i) the Floating Rate *plus* (ii) the Spread, *multiplied by* (c) the number of calendar days in such Calculation Period *divided by* (d) 360. |

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<br> Floating Rate: For any Business Day, [●]

<br> Spread: As specified in the relevant Supplemental Confirmation

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|:---|:---|
| Calculation Amount: | The Forward Price *multiplied by* the Number of Shares |

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<br> Reset Dates: Each Business Day during the term of the Transaction

<br> Business Day Convention: Modified Following

#### General Valuation Terms:

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|:---|:---|
| Market Disruption Event: | Section 6.3(a) of the Equity Definitions is hereby amended by replacing clause (ii) thereof in its entirety with the following: "(ii) an Exchange Disruption, or" and inserting immediately following clause (iii) thereof the following: "; in each case that the Calculation Agent determines is material." |

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Section 6.3(d) of the Equity Definitions is hereby amended by deleting the remainder of the provision following the term "Scheduled Closing Time" in the fourth line thereof.

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|:---|:---|
| Averaging Date Disruption: | Modified Postponement; *provided* that Section 6.7(c)(iii)(A) of the Equity Definitions is hereby modified by inserting the words "the Calculation Agent may determine in its discretion that" after the word "then" in the sixth line thereof. Notwithstanding the foregoing and anything to the contrary in the Equity Definitions, if a Market Disruption Event occurs on any Averaging Date, the Calculation Agent may determine that such Averaging Date is a Disrupted Day only in part, in which case (i) such day shall be an Averaging Date and the Scheduled Trading Day immediately following the date that would otherwise be the last Averaging Date shall be an additional Averaging Date; (ii) the Calculation Agent shall determine the VWAP Price on the Averaging Date that is a partially Disrupted Day on the basis of transactions in the Shares on the Exchange on such Averaging Date, taking into account the nature and duration of the relevant Market Disruption Event; and (iii) the Calculation Agent shall determine the Settlement Price using an appropriately weighted average of VWAP Prices on the Averaging Dates instead of the arithmetic average. |

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Section 6.6(a) of the Equity Definitions is hereby amended by replacing the word "shall" in the fifth line thereof with the word "may," and by deleting clause (i) thereof. Section 6.7(c)(iii)(A) of the Equity Definitions is hereby amended by replacing the word "shall" in the sixth and eighth line thereof with the word "may."

<br> Settlement Currency: USD

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|:---|:---|
| Relevant Price: | For purposes of Section 6.7 of the Equity Definitions, with respect to any Number of Shares for which Cash Settlement is elected, a price calculated based on the relevant date of determination's VWAP Price excluding trades on the Exchange below the Limit Price *minus* the Adjustment Amount specified in the relevant Supplemental Confirmation. |

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|:---|:---|
| Limit Price: | Counterparty may communicate to Dealer on any Averaging Date prices above which the Settlement Price is acceptable to Counterparty it being understood that the Calculation Agent may have to increase the Determined Averaging Date Number in a commercially reasonable manner to reflect market liquidity above such prices. |

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6/17<br>

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|:---|:---|
| VWAP Price: | For any Exchange Business Day, the volume-weighted average price per Share, as displayed on the relevant AQR Bloomberg Page for the Share (or any successor thereto) with respect to such Exchange Business Day, as determined by the Calculation Agent, or in the event such price is not so reported for such day for any reason or is manifestly erroneous, as reasonably determined by the Calculation Agent; *provided* that, when Shares trade above or below a certain price are excluded from the calculation of such volume-weighted average price, the Calculation Agent will modify the calculation commands on Bloomberg to calculate such price to reflect the Limit Price above. |

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#### Dividends:

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|:---|:---|
| Ordinary Dividend Amount: | USD 0.00. |

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|:---|:---|
| Extraordinary Dividend: | Any dividend or distribution on the Shares (other than any dividend or distribution of the type described in Section 11.2(e)(i) or Section 11.2(e)(ii)(A) or (B) of the Equity Definitions) the ex-date for which occurs during the Dividend Period and the amount or value of which differs from the Ordinary Dividend Amount, as determined by the Calculation Agent. |

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|:---|:---|
| Dividend Recovery: | In the event that the declared dividend is different from the actual dividend paid by the Issuer, and the Calculation Agent has previously adjusted the terms of the Transaction then the Calculation Agent will either (a) adjust the terms of the Transaction, or (b) determine an amount to be paid by one party to the other party, in each case to account for the discrepancy between the declared dividend and the actual dividend paid by the Issuer. This provision will survive the termination of any relevant Transaction, it being understood that if clause (b) of the previous sentence applies, the party obligated to pay such amount will do so in accordance with the instructions of the Calculation Agent. |

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#### Adjustments:

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|:---|:---|
| Method of Adjustment: | Calculation Agent Adjustment; *provided*, that in making any adjustment the Calculation Agent may take into account the effect of applicable tax withholding requirements; and *provided,* that the only adjustment for any Spin-off shall be as specified under "*Spin-off*" and "*Consequences of Spin-off*" below. |

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|:---|:---|
| Diluting Event: | Any event described in the definition of "*Potential Adjustment Event*" in Section 11.2(e) of the Equity Definitions, or any similar event, that subjects the Hedging Party or any person (relative to other holders of Shares) to any disadvantage as a result of any action, including, but not limited to, a "poison pill" or other plan that has the effect of shareholder rights being distributed or separated from the Shares. To the extent that an event may be a Potential Adjustment Event and a Diluting Event, the parties agree to treat such event as a Diluting Event. |

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|:---|:---|
| Diluting Event Consequence: | Upon the occurrence of a Diluting Event, the Calculation Agent will adjust the terms of the Transaction to reflect, to the extent practicable, any mutual agreement of Dealer and Counterparty, it being understood that the Calculation Agent will attempt, to the extent practicable, to address the economic effect on the parties from the Diluting Event by (i) extending the Valuation Date to a date up to 24 months after the original Expiration Date, and (ii) adjusting the terms of the Transaction to reflect such extension, including, but not limited to, the Forward Price and the Number of Shares. |

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|:---|:---|
| Spin-off: | A distribution of Spin-off Shares to holders of the Shares (the "**Original Shares**"). "**Spin-off Shares**" means shares of a subsidiary of the Issuer or any other entity in which the Issuer has an equity investment (the "**Spin-off Company**") that are, or that as of the ex-dividend date of a distribution of such shares to holder of the Original Shares are, scheduled to be publicly quoted, traded or listed on a United States securities exchange or quotation system. Notwithstanding anything else to the contrary in the Equity Definitions, a distribution of Spin-off Shares will in every case require the Calculation Agent to take the actions specified under "*Consequences of Spin-off*" below and the Calculation Agent will not adjust the Transaction in any other manner. |

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|:---|:---|
| Consequences of Spin-off: | Following the occurrence of a Spin-off, the Calculation Agent shall adjust the Transaction on account of such distribution of Spin-off Shares. Notwithstanding anything else to the contrary in the Equity Definitions, the Calculation Agent's adjustment must continue the Transaction as two separate Transactions in respect of the Original Shares and the Spin-off Shares with substantially similar terms; *provided*, that the Calculation Agent shall make such adjustments to the terms of the Transactions as the Calculation Agent determines appropriate to account for the economic effect on the original Transaction of such Spin-off. |

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#### Extraordinary Events:

Consequences of Merger Events:

<br> Share-for-Share: Calculation Agent Adjustment

<br> Share-for-Other: Calculation Agent Adjustment

<br> Share-for-Combined: Calculation Agent Adjustment

<br> Tender Offer: Applicable

Consequences of Tender Offer:

<br> Share-for-Share: Calculation Agent Adjustment

<br> Share-for-Other: Calculation Agent Adjustment

<br> Share-for-Combined: Calculation Agent Adjustment

Composition of Combined

<br> Consideration: Applicable

Nationalization, Insolvency or

<br> Delisting: Cancellation and Payment (Calculation Agent Determination)

#### Additional Disruption Events:

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|:---|:---|
| Change in Law: | Applicable; *provided* that Section 12.9(a)(ii) is hereby amended by (A) adding the words "or any Hedge Positions" after the word "Shares" in the clause (X) thereof; (B) deleting clause (Y) thereto; and (C) adding the words "(including, for the avoidance of doubt and without limitation, adoption or promulgation of new regulations authorized or mandated by existing statute)" after the word "regulation" in the second line thereof; *provided* that any determination as to whether (i) the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law) or (ii) the promulgation of or any change in or public announcement of the formal or informal interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), in each case, constitutes a "Change in Law" shall be made without regard to Section 739 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 or any similar legal certainty provision in any derivatives legislation enacted after the date of this Master Confirmation that affects the Hedging Party. |

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9/17<br>

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<br> Failure to Deliver: Applicable

<br> Insolvency Filing: Not Applicable

<br> Hedging Disruption: Not Applicable

<br> Determining Party: Calculation Agent

<br> Hedging Party: Dealer

#### Additional Representations, Agreements and Acknowledgments:

<br> Non-Reliance: Applicable

Agreements and Acknowledgments

<br> Regarding Hedging Activities: Applicable

<br> Additional Acknowledgments: Applicable

<br> Eligible Contract Participant: Each party represents to the other party that it is an "eligible contract participant" as defined in the U.S. Commodity Exchange Act (as amended)

2. **Calculation Agent:** Dealer, *provided* however that Counterparty may challenge any determination or calculation made by the Calculation Agent within two Business Days following receipt by Counterparty of such determination or calculation, subject to providing in reasonable details the material reasons for the dispute and suggesting an alternative calculation or determination. If the parties are unable to agree on such determination or calculation within one Business Day, (i) the relevant party shall pay the amount, if any, which is not in dispute and (ii) a mutually acceptable third party will be appointed by the parties within two Business Days following such challenge to act as Substitute Calculation Agent and make the relevant determination or calculation. If the parties are unable within two Business Days to agree on, or to appoint, such third party, then each party will, within two Business Days select a leading, independent dealer in instruments of the type covered by this Confirmation and such dealers shall agree on a third party who shall also be a leading, independent dealer in instruments of the type covered by this Master Confirmation to act as Substitute Calculation Agent. Subject to the above, all determinations and calculations by the Substitute Calculation Agent will be binding and conclusive in the absence of manifest error. The costs, fees and expenses (if any) relating to the appointment of the Substitute Calculation Agent shall be borne equally by both parties.

&nbsp;&nbsp;&nbsp;&nbsp;3. **Address for Notices**:

Notice to Dealer:

[●]

Notice to Counterparty:

c/o Pershing Square Capital Management, L.P.

787 Eleventh Avenue, 9<sup>th</sup> Floor

New York, NY 10019

10/17<br>

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with a copy to:

c/o Pershing Square Capital Management, L.P.

787 Eleventh Avenue, 9<sup>th</sup> Floor

New York, NY 10019

&nbsp;&nbsp;&nbsp;&nbsp;4. **Account Details:** 

<br> Account details for Dealer: To be advised.

<br> Account details for Counterparty: As specified in the relevant Supplemental Confirmation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Other Provisions**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Credit Support</u>.

**Independent Amount**. The Independent Amount for a relevant Transaction with respect to Counterparty will be determined as of each of the following dates (each, an "**IA Reset Date**"): (i) the Trade Date, (ii) the 14th day of every calendar month (or the following Scheduled Trading Day if such day is not a Scheduled Trading Day), and (iii) if elected by Dealer in its sole discretion, each Scheduled Trading Day on which the closing price of a Share on the Exchange has increased or decreased more than [●]% from the closing price on the most recent IA Reset Date. The Independent Amount shall be an amount equal to the product of (i) (A) as of the Trade Date, the Forward Price of the relevant Transaction and (B) as of any other IA Reset Date, the closing price of a Share on the Exchange, as reported by Bloomberg, in each case *multiplied* by (ii) the Number of Shares in respect of such Transaction *multiplied* by (iii) the Independent Amount Percentage. The initial Independent Amount and any adjustment to the Independent Amount (including the return of any excess Independent Amount posted by Counterparty) will be payable in accordance with the CSA.

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| Independent Amount Percentage: | As specified in the relevant Supplemental Confirmation |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Additional Representations and Warranties of Counterparty</u>.

Counterparty hereby represents and warrants to Dealer as of the date hereof, and as of each date on which a Transaction (the "**Proposed Transaction**") is executed hereunder, and covenants with Dealer, as follows.

(i) Counterparty represents that the execution of the Transaction by it is not in violation of Section 10(b) of the 1934 Act. In addition, if Counterparty seeks to amend any Transaction, Counterparty will be deemed to represent that Counterparty is not in violation of Section 10(b) of the 1934 Act.

(ii) Counterparty is aware of its obligations under the United States Federal securities laws in respect of the Shares, including without limitation under Sections 9 and 10(b) of the 1934 Act, as amended, and the rules and regulations thereunder, and during the term of the Transaction will not take any action that does not comply with those obligations.

(iii) Without limiting the generality of Section 3(a)(iii) of the Agreement, Counterparty is and, after giving effect to the Transaction, will be in compliance with any reporting obligations under Section 16, Section 13(d) and Section 13(g) of the 1934 Act it has with respect to the Shares.

11/17<br>

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<br> (iv) Counterparty is not and, after giving effect to the transactions contemplated hereby, will not be required to register as an "investment company" under, and as such term is defined in, the Investment Company Act of 1940, as amended.

(v) Counterparty is, and shall be as of the date of any payment or delivery by Counterparty hereunder, solvent and able to pay its debts as they come due, with assets having a fair value greater than liabilities and with capital sufficient to carry on the businesses in which it engages.

(vi) Without limiting the generality of Section 13.1 of the Equity Definitions, Counterparty acknowledges that (A) Dealer is not making any representations or warranties or giving any advice with respect to the legal, regulatory, accounting or tax treatment of the Transaction, and Counterparty has consulted with its own legal, regulatory, accounting and tax advisors with respect to the Transaction, and (B) none of Dealer and its affiliates has acted or will act as Counterparty's fiduciary in any way, or has any fiduciary duties to Counterparty; and Counterparty is not relying, has not relied and will not rely upon any communication (written or oral) of Dealer or any of its affiliates. Counterparty has made or will make its own independent decision to enter into the Transaction based upon its own judgment and upon advice of such advisors as Counterparty deems necessary.

<br> (vii) Counterparty is not and has not been for the preceding three months an "affiliate" (as defined in Rule 144 under the 1933 Act) of the Issuer.

(viii) Counterparty is not an "insider" of the Issuer. An "insider" is a person "who is directly or indirectly the beneficial owner of more than 10 percent of any class of any equity security" of an issuer, or "who is a director or an officer" of an issuer (as such terms, as applicable, are defined in Rule 16a-1 under the 1934 Act). In addition, Counterparty shall immediately notify Dealer if the Counterparty, together with any of its affiliates (and any other persons with whom the Counterparty has agreed to act together for the purpose of Section 13(d) of the 1934 Act) is required or will become required after the passage of time to file a Form 3 pursuant to Section 16 of the 1934 Act and the rules and regulations thereunder.

(ix) The execution and delivery of this Confirmation, any election by Counterparty hereunder, and the incurrence or performance of the obligations of Counterparty hereunder will not conflict with or result in a breach of any agreement or instrument to which Counterparty is a party or by which Counterparty is bound or to which Counterparty is subject, or constitute a default under, or result in the creation of any lien under, any such agreement or instrument.

12/17<br>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Private Placement</u>.

Buyer represents and warrants to Seller that (i) it is an "accredited investor" as that term is defined in Regulation D as promulgated under the 1933 Act, (ii) it is entering into the Transaction for its own account without a view to the distribution or resale thereof and (iii) it understands that the assignment, transfer or other disposition of the Transaction has not been and will not be registered under the 1933 Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) [●]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Acknowledgments Regarding Hedging</u>.

Counterparty acknowledges (and in the case of clause (vi) below, Dealer and Counterparty acknowledge) that:

(i) during the term of the Transaction, Dealer and its affiliates may buy or sell Shares or other securities or buy or sell options or futures contracts or enter into swaps or other derivative securities in order to establish, adjust or unwind its hedge position with respect to the Transaction;

(ii) Dealer and its affiliates may also be active in the market for the Shares and derivatives linked to the Shares other than in connection with hedging activities in relation to the Transaction, including acting as agent or as principal and for its own account or on behalf of customers;

(iii) Dealer shall make its own determination as to whether, when or in what manner any of its hedging or market activities shall be conducted and shall do so in a manner that it deems appropriate to hedge its price risk, market risk and any other risk with respect to the Transaction including without limitation by transacting in securities, futures contracts or other derivatives related to the securities underlying a Transaction in amounts that may be greater than or less than the amount of securities that underlie the Transaction;

<br> (iv) any market activities of Dealer and its affiliates with respect to the Shares may affect the market price and volatility of the Shares, each in a manner that may be adverse to Counterparty;

(v) the Transaction is a derivatives transaction in which it has purchased from Dealer a Share Forward Transaction; Dealer may purchase or sell Shares for its own account at an average price that may be greater than, or less than, the price paid by Counterparty under the terms of the Transaction; and

(vi) without limiting the generality of the foregoing, any initial price of the Transaction is not the execution price of any initial hedge of the Dealer (if the Dealer chooses to hedge any risk with respect to the Transaction), taking into account any applicable fees or commissions, but rather is an initial price that is at risk to the Dealer (as determined by the Dealer in its sole discretion).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Miscellaneous</u>.

Counterparty and Dealer understand that there may exist one or more confidentiality agreement(s) between Counterparty and Dealer. With respect to any rights or obligations thereunder to maintain the confidential nature of confidential information (as defined therein), the parties agree to continue to maintain the confidential nature of confidential information.

Notwithstanding anything to the contrary contained herein, any party (or such party's affiliates) may disclose to any and all persons, without limitation of any kind, the United States tax treatment (federal, state and local) and tax structure of any transaction contemplated hereunder and all materials of any kind relating to such tax treatment and tax structure. However, any information relating to the United States federal, state or local tax treatment or tax structure shall remain subject to the applicable confidentiality provisions (and the preceding sentence shall not apply) to the extent reasonably necessary to enable any person to comply with applicable securities laws. "Tax treatment" or "tax structure" is limited to any facts relevant to the United States federal, state or local tax treatment of any Transaction contemplated hereunder and specifically does not include information relating to the identity of Counterparty or any of its affiliates.

13/17<br>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>No Arrangements</u>.

Counterparty and Dealer each acknowledge and agree that: (i) there are no voting, hedging or settlement arrangements between Counterparty and Dealer with respect to any Shares or the Issuer, other than those set forth herein; (ii) although Dealer may hedge its risk under the Transactions in any way Dealer determines, Dealer has no obligation to hedge with the purchase or maintenance of any Shares; (iii) Counterparty will not be entitled to any voting rights in respect of any of the Shares underlying the Transaction (other than upon an early termination or at maturity where Physical Settlement applies resulting in the delivery of Shares); and (iv) Counterparty will not influence Dealer with respect to the voting of any Hedge Positions of Dealer that are Shares (if any).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Dividend Equivalent Tax</u>.

Each party acknowledges that (A) a tax imposed on payments treated as dividends (a "**Dividend Equivalent Tax**"), as determined by Dealer in its reasonable discretion, may apply to any payment under the Confirmation, and (B) in the event Dealer determines, in its reasonable discretion, that a Dividend Equivalent Tax applies, then any amount required to be remitted by Dealer on account of such Dividend Equivalent Tax shall be payable by Counterparty to Dealer and shall not be treated as an Indemnifiable Tax. Any such remittance shall be calculated at the rate supported by the most recent tax identification reporting form delivered by Counterparty to Dealer, supporting tax forms of Counterparty's investors related thereto, allocation statements and such other information as Dealer shall reasonably request.

[*Remainder of Page Intentionally Left Blank*]

14/17<br>

------

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation and returning it to us.

Yours faithfully, 

Confirmed as of the date first written above:

#### PERSHING SQUARE USA, LTD.
By: Pershing Square Capital Management, L.P., as

its Investment Manager

By: PS Management GP, LLC, its General Partner

By:     <br> Name: William A. Ackman <br> Title: Managing Member

15/17<br>

------

#### SCHEDULE A

#### SHARE FORWARD SUPPLEMENTAL CONFIRMATION

[●], 2026

---

| | |
|:---|:---|
| To: | **PERSHING SQUARE USA, LTD.** |

---

Attention: c/o Pershing Square Capital Management, L.P.

787 Eleventh Avenue, 9<sup>th</sup> Floor

New York, NY 10019

Dear Sir/Madam:

The purpose of this Share Forward Supplemental Confirmation (this "**Supplemental Confirmation**") is to confirm the specific terms and conditions of one or more Transactions (each, a "**Transaction**") entered into between you ("**Counterparty**") and us ("**Dealer**") on the Trade Date(s) specified below. This Supplemental Confirmation supplements the Master Confirmation between you and us dated [●], 2026 (the "**Master Confirmation**") with respect to Common Shares, without par value of Restaurant Brands International Inc. (ticker symbol: QSR). Capitalized terms not defined herein shall have the respective meanings defined in the Master Confirmation.

The terms of the particular Transaction(s) to which this Supplemental Confirmation relates are as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Trade Date** | **Number of Shares** | **Forward Price** | **Adjustment Amount** |
| [●] | [●] | USD [●] | USD [●] |

---

With respect to the Transactions listed above:

---

| | |
|:---|:---|
| Spread: | [●]% |

---

---

| | |
|:---|:---|
| Independent Amount Percentage: | [●]% |

---

[*Remainder of Page Intentionally Left Blank*]

16/17<br>

------

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Supplemental Confirmation and returning it to us.

Yours faithfully, 

Confirmed as of the date first written above:

#### PERSHING SQUARE USA, LTD.
By: Pershing Square Capital Management, L.P., as

its Investment Manager

By: PS Management GP, LLC, its General Partner

By:     <br> Name: William A. Ackman <br> Title: Managing Member

17/17<br>

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 5)**

**Restaurant Brands International Inc.**

*(Name of Issuer)*

**Common Stock, no par value**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Halit Coussin**<br>Pershing Square Capital Management, L.P.<br>787 Eleventh Avenue, 9th Floor<br>New York NY 10019<br>(212) 813-3700

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/06/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pershing Square Capital Management, L.P.** | Name of reporting person<br>**Pershing Square Capital Management, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**27136716.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**27136716.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Items 8, 10 and 11:  Includes (a) 24,126,097 shares of Common Stock, (b) 2,652,778 shares of Common Stock underlying forward purchase contracts and (c) 357,841 shares of Common Stock issuable on exchange of exchangeable units in Restaurant Brands International Limited Partnership ("Exchangeable Units") beneficially owned by this Reporting Person.

Item 13:  This calculation is based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 (the "Form 10-Q"), plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pershing Square USA, Ltd.** | Name of reporting person<br>**Pershing Square USA, Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4512778.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4512778.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4512778.00** | Aggregate amount beneficially owned by each reporting person<br>**4512778.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**1.3%** | Percent of class represented by amount in Row (11)<br>**1.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IV** | Type of Reporting Person (See Instructions)<br>**IV** | |

---

**Comment for Reporting Person:** Items 8, 10 and 11:  Includes (a) 1,860,000 shares of Common Stock and (b) 2,652,778 shares of Common Stock underlying forward purchase contracts beneficially owned directly by this Reporting Person.

Item 13:  This calculation is based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pershing Square Inc.** | Name of reporting person<br>**Pershing Square Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEVADA** | Citizenship or place of organization<br>**NEVADA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**27136716.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**27136716.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Items 8, 10 and 11:  Includes (a) 24,126,097 shares of Common Stock, (b) 2,652,778 shares of Common Stock underlying forward purchase contracts and (c) 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

Item 13:  This calculation is based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q, plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pershing Square Partner Group, LLC** | Name of reporting person<br>**Pershing Square Partner Group, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**27136716.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**27136716.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Items 8, 10 and 11:  Includes (a) 24,126,097 shares of Common Stock, (b) 2,652,778 shares of Common Stock underlying forward purchase contracts and (c) 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

Item 13:  This calculation is based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q, plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pershing Square Management, LLC** | Name of reporting person<br>**Pershing Square Management, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**27136716.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**27136716.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Items 8, 10 and 11:  Includes (a) 24,126,097 shares of Common Stock, (b) 2,652,778 shares of Common Stock underlying forward purchase contracts and (c) 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

Item 13:  This calculation is based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q, plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**William A. Ackman** | Name of reporting person<br>**William A. Ackman** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**27136716.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**27136716.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | Aggregate amount beneficially owned by each reporting person<br>**27136716.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.8%** | Percent of class represented by amount in Row (11)<br>**7.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Items 8, 10 and 11:  Includes (a) 24,126,097 shares of Common Stock, (b) 2,652,778 shares of Common Stock underlying forward purchase contracts and (c) 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

Item 13:  This calculation is based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q, plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by this Reporting Person.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, no par value

**(b) Name of Issuer:**
Restaurant Brands International Inc.

**(c) Address of Issuer's Principal Executive Offices:**
5707 WATERFORD DISTRICT DRIVE, MIAMI, FLORIDA, X1, 33126

This amendment No. 5 ("Amendment No. 5") to Schedule 13D is being filed on behalf of the Reporting Persons (as defined below) relating to the common shares, no par value (the "Common Stock"), of Restaurant Brands International Inc. to (i) add Pershing Square USA, Ltd. as a Reporting Person and (ii) report certain transactions by PSUS in the Common Stock.

This Amendment No. 5 modifies the original Schedule 13D filed on May 4, 2020 (as amended and supplemented prior to the filing of this Amendment No. 5, the "Schedule 13D") by (i) Pershing Square Capital Management, L.P., a Delaware limited partnership, (ii) PS Management GP, LLC, a Delaware limited liability company, and (iii) William A. Ackman, a citizen of the United States.

Capitalized terms used but not defined in this Amendment No. 5 shall have the meanings set forth in the Schedule 13D.

Except as specifically amended by this Amendment No. 5, the Schedule 13D is unchanged.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) of the Schedule 13D is hereby replaced with the following information:

"The Reporting Persons beneficially own, in the aggregate, 27,136,716 shares of Common Stock (the "Subject Shares"), which number includes: (i) 1,860,000 shares of Common Stock held directly by PSUS, (ii) 2,652,778 shares of Common Stock underlying forward purchase contracts held directly by PSUS, (iii) 22,266,097 shares of Common Stock beneficially owned by the other Reporting Persons, and (iv) 357,841 shares of Common Stock issuable on exchange of exchangeable units in Restaurant Brands International Limited Partnership (the "Exchangeable Units") beneficially owned by the other Reporting Persons.

The Subject Shares represent approximately 7.8% of the outstanding shares of Common Stock based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q, plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by the Reporting Persons other than PSUS."

**(b)**
Item 5(b) of the Schedule 13D is hereby amended and supplemented with the following information:

"PSUS is the beneficial owner of 1,860,000 shares of Common Stock owned directly by PSUS and 2,652,778 shares of Common Stock underlying forward purchase contracts held by PSUS. PSCM, as the investment advisor to PSUS and the Pershing Square Affiliated Funds, may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the parent company of PSCM, PS Inc. may be deemed to have the shared power to vote or to direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares.  As a significant shareholder of PS Inc., PS Partner Group may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the holder of majority voting power of PS Inc. and the managing member of PS Partner Group, ManagementCo may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares. As the Chief Executive Officer of PSCM, among other positions, William A. Ackman may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Subject Shares.

As of May 8, 2026, the members of ManagementCo beneficially owned the following shares of Common Stock:  (i) Halit Coussin beneficially owned 113 shares of Common Stock, (ii) Michael Gonnella beneficially owned 1,570 shares of Common Stock, (iii) Ben Hakim beneficially owned 142 shares of Common Stock, (iv) Ryan Israel beneficially owned 5,428 shares of Common Stock and (v) Anthony Massaro beneficially owned 737 shares of Common Stock, representing, in the case of each of (i) through (v), less than 0.01% of the outstanding shares of Common Stock, based on 346,983,973 shares of Common Stock outstanding as of April 30, 2026, as reported on the Issuer's Form 10-Q, plus 357,841 shares of Common Stock issuable on exchange of Exchangeable Units beneficially owned by the Reporting Persons. Other than as set forth herein, to the knowledge of the Reporting Persons, none of the persons listed on Exhibits 99.12, 99.13 or 99.14 beneficially own any shares of Common Stock."

**(c)**
Item 5(c) of the Schedule 13D is hereby amended and supplemented by adding the following information:

"(c) Exhibits 99.7 and 99.11, which are incorporated by reference into this Item 5(c) as if restated in full, describe all of the transactions in the Common Stock or derivatives relating to Common Stock that were effected in the past 60 days by the Reporting Persons on their own behalf or for the benefit of the Pershing Square Affiliated Funds. Except as set forth in Exhibits 99.7 and 99.11 attached hereto, no reportable transactions were effected by any Reporting Person within the last 60 days."

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Schedule 13D is hereby amended and supplemented with the following information:

"As of May 8, 2026, PSUS owns 2,652,778 over-the-counter forward purchase contracts having an aggregate purchase price of $208,325,963.90 (plus applicable interest, determined based on floating rates and the date of exercise of the forwards). The counterparty to the over-the-counter forward purchase contracts is Nomura.

None of the forward purchase contracts give PSUS direct or indirect voting, investment or dispositive control over any securities of the Issuer or requires the counterparty thereto to acquire, hold, vote or dispose of any securities of the Issuer.

The foregoing summary of the over-the-counter forward purchase contracts is qualified in its entirety by reference to the actual language of such contracts, the forms of which are filed as Exhibit 99.16, and which are incorporated herein by reference. Supplemental financial terms of these contracts are detailed in Exhibit 99.11."

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pershing Square Capital Management, L.P.

**Signature:** /s/ William A. Ackman

**Name/Title:** Authorized Signatory

**Date:** 05/08/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pershing Square USA, Ltd.

**Signature:** /s/ William A. Ackman

**Name/Title:** Authorized Signatory

**Date:** 05/08/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pershing Square Inc.

**Signature:** /s/ William A. Ackman

**Name/Title:** Authorized Signatory

**Date:** 05/08/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pershing Square Partner Group, LLC

**Signature:** /s/ William A. Ackman

**Name/Title:** Authorized Signatory

**Date:** 05/08/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pershing Square Management, LLC

**Signature:** /s/ William A. Ackman

**Name/Title:** Authorized Signatory

**Date:** 05/08/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** William A. Ackman

**Signature:** /s/ William A. Ackman

**Name/Title:** William A. Ackman

**Date:** 05/08/2026