NANJI FARHAD 4

What Happened MFN Partners, LP — reported as a 10% owner of RXO, Inc. (RXO) — purchased 532,276 shares of RXO common stock in an open-market transaction on February 12, 2026. The shares were acquired at $12.00 each for a total reported purchase value of $6,387,312. This was a straight purchase (code P), which is a buy rather than a sale.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (see timing note below).
• Transaction type/code: Open market purchase (P).
• Price and size: 532,276 shares at $12.00 per share; total = $6,387,312.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote (F1): MFN Partners, LP is the holder; MFN Partners GP, LLC is the general partner; MFN Partners Management, LP is the investment adviser and MFN Partners Management, LLC its general partner. Farhad Nanji and Michael F. DeMichele are managing members. The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: The Form 4 was filed on Feb 17, 2026. Because the trade occurred on Feb 12 and Form 4s are generally due within two business days, this filing appears to be one business day late.

Context This filing reflects institutional buying by a 10% owner rather than an executive-level trade. Purchases by large holders can indicate accumulation but do not, by themselves, prove management sentiment or future performance. There were no option exercises, grants, sales, or tax-withholding events reported in this filing.