NANJI FARHAD 4
4 · RXO, Inc. · Filed Aug 14, 2024
Insider Transaction Report
Form 4
RXO, Inc.RXO
MFN Partners, LP
10% Owner
Transactions
- Purchase
Common Stock
2024-08-12$20.21/sh+10,266,810$207,492,230→ 27,577,666 total - Purchase
Warrant to Purchase Common Stock
2024-08-12$20.20/sh+2,558,753$51,686,811→ 2,558,753 totalExercise: $0.01→ Common Stock (2,558,753 underlying)
Footnotes (2)
- [F1]MFN Partners, LP (the "Partnership") is the holder of the securities reported herein. MFN Partners GP, LLC ("MFN GP") is the general partner of the Partnership. MFN Partners Management, LP ("MFN Management") is the investment adviser to the Partnership. MFN Partners Management, LLC ("MFN LLC") is the general partner of MFN Management. Farhad Nanji and Michael F. DeMichele are managing members of MFN GP and MFN LLC. Each Reporting Person disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest, if any, therein.
- [F2]This Warrant can only be exercised to the extent that following such exercise the Partnership's beneficial ownership of the Issuer, together with any attribution parties, does not exceed 19.9%. The Warrant has no expiration date. This does not include an additional warrant for 2,018,574 shares of Common Stock with an exercise price of $0.01 and no expiration date, which becomes exercisable immediately upon the stockholders of the Issuer approving the issuance of the shares underlying that warrant pursuant to the applicable rules and regulations of the New York Stock Exchange. Upon such approval, that warrant can only be exercised to the extent that following such exercise the Partnership's beneficial ownership of the Issuer, together with any attribution parties, does not exceed 19.9%.