Ritchie Bros Auctioneers INC: directors' dealings · United States · SEC (Form 4)

About Ritchie Bros Auctioneers INC

RITCHIE BROS AUCTIONEERS INC, now part of RB Global, is listed on the NYSE under the ticker RBA (and also trades in Canada under the same symbol). For French, Belgian and Swiss investors, it is best understood as a global industrial marketplace rather than a traditional auction house. The company traces its roots back to 1958, when Ritchie Bros. was founded in Kelowna, British Columbia, and over time it evolved into a leading specialist in the monetization of commercial assets and vehicles. Its operating headquarters is in Westchester, Illinois, United States. The business model is omnichannel and asset-light in nature: it combines physical auctions, online bidding, brokerage-style transaction solutions and adjacent digital services. Core end markets include construction equipment, commercial transportation, lifting and material handling, energy, mining, agriculture and government surplus. The Ritchie Bros. brand is widely recognized as the world’s largest auctioneer of commercial assets and vehicles, while the broader RB Global portfolio also includes IAA, Rouse Services, SmartEquip, Xcira and VeriTread. Together, these brands extend the company beyond auctions into data, workflow software, transport facilitation, condition certification and marketplace infrastructure. Competitively, RBA stands out because of its scale, geographic reach and transaction capabilities. The company operates auction sites in 13 countries and serves customers in more than 170 countries through its digital platform. That global footprint matters in a fragmented industry where buyers value liquidity, price transparency, trusted settlement and cross-border access to inventory. The company’s economic engine is driven by transaction fees, commissions and related services that sit around the resale lifecycle of industrial assets. In other words, RB Global functions as a specialized marketplace infrastructure provider, not simply as a seller of used equipment. Recent developments reinforce that positioning. In February 2026, RB Global reported full-year 2025 results and highlighted growth in gross transaction value and continued operational discipline. In February 2025, a flagship auction event in Orlando generated more than US$250 million of GTV, underscoring demand for heavy equipment and commercial vehicles. In August 2025, the company also announced leadership changes and senior management appointments to support its next phase of growth. For investors, the appeal lies in exposure to real-economy asset turnover, a durable platform model and a business that benefits from both cyclical equipment supply and secular digitalization.