ADAMS GINA F. 4

What Happened
Gina F. Adams, Executive Vice President, General Counsel & Secretary of FedEx Corporation (FDX), exercised a total of 20,450 stock options and immediately sold the resulting 20,450 shares on April 14, 2026. The exercised lots were: 5,655 shares at $162.82 ($920,747), 7,085 shares at $161.85 ($1,146,707), and 7,710 shares at $130.96 ($1,009,702) — total cash paid on exercise ≈ $3.08M. She sold 14,015 shares at a weighted average price of $366.02 ($5,129,818) and 6,435 shares at a weighted average price of $367.37 ($2,364,038), for combined proceeds of ≈ $7.49M. The filings show the derivative positions were converted (reported as dispositions at $0) consistent with exercising options.

Key Details

• Transaction date: April 14, 2026 (reported on Form 4 filed 2026-04-14). No late filing flag indicated.
• Options exercised (M): 5,655 @ $162.82; 7,085 @ $161.85; 7,710 @ $130.96 — total exercise cash ≈ $3.08M.
• Shares sold (S): 14,015 @ weighted avg $366.02 (sales occurred at prices in the $365.64–$366.64 range per footnote); 6,435 @ weighted avg $367.37 (sales in the $366.82–$367.66 range) — total proceeds ≈ $7.49M.
• Shares owned after the transactions: not disclosed in the provided Form 4 data.
• Footnotes: sale prices are weighted averages across multiple trades (see price ranges above). The options vest ratably over four years and are first exercisable one year from grant (footnote F3).

Context

• This was effectively a cashless exercise: options were exercised and the same number of shares were sold on the same day, producing net proceeds after exercise. Cashless exercises with immediate sales are common for executives to cover exercise costs and taxes and do not necessarily indicate a bullish or bearish view.
• The filing is an insider transaction by an executive officer (not a 10% owner). Retail investors use such filings to monitor insider activity, but should consider them alongside broader company and market information.