Joabar Raymond 4

What Happened

• Joabar Raymond (Grp. Pres., Global Comm. Serv.) sold a total of 14,000 shares of American Express Company (AXP) in open-market transactions on February 19, 2026. The reported lots: 2,835 shares at $338.98 ($961,008), 2,840 shares at $340.03 ($965,685), 4,977 shares at $341.14 ($1,697,854), and 3,348 shares at $341.95 ($1,144,849). Total reported proceeds ≈ $4,769,396.
• These were sales (code S). Sales are often routine liquidity events and do not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date: February 19, 2026. Filing date: February 20, 2026 (timely).
• Reported prices (weighted averages): $338.98, $340.03, $341.14, $341.95. Per footnotes, each reported price is a weighted average of multiple executions with price ranges: $338.46–$339.45; $339.48–$340.44; $340.60–$341.59; and $341.60–$342.36 respectively. The filer can provide per-trade breakdown on request.
• Shares owned after the transaction are not included in the provided extract.
• No derivative exercises, gifts, tax-withholdings, or 10% owner status are indicated in the reported transactions. Code S denotes sale.

Context

• Open-market sales are common for insiders to diversify or raise cash; they are less informative about future company performance than purchases. Purchases are generally a stronger bullish signal for retail investors.
• Footnote F5 (present in the filing) notes that shares held in the reporting person’s company Retirement Savings Plan use unit accounting, which affects how share counts are presented for that plan.