Harik Mario A 4

What Happened

Mario A. Harik, a director of QXO, reported three transactions on May 5, 2026: he exercised/converted 12,111 derivative units into 12,111 shares (reported acquisition price $0.00) and disposed of the same 12,111 shares the same day (reported disposition price $0.00). Separately, he was granted 9,274 restricted stock units (RSUs) (reported $0.00) — each RSU is a contingent right to one share upon settlement.

These filings report $0 for the exercise and grant amounts; the Form 4 excerpt does not disclose market sale proceeds or per-share sale price for the disposition. The activity appears administrative (award + conversion/disposition) rather than an out‑of‑the‑ordinary open‑market purchase.

Key Details

• Transaction date: May 5, 2026. Form 4 filed May 7, 2026 (within the required reporting window; not marked late).
• Reported transactions:
  • Code M (exercise/conversion): 12,111 shares acquired @ $0.00.
  • Code M (disposition): 12,111 shares disposed @ $0.00 (same day).
  • Code A (award/grant): 9,274 RSUs granted @ $0.00 (derivative).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share upon settlement.
  • F2: The newly granted RSUs vest in full on the Issuer's 2027 Annual Meeting of Stockholders, subject to continued service as a director.
  • F3: A separate RSU grant from May 12, 2025 vested and settled on the date of the 2026 Annual Meeting.
• No 10b5-1 plan, tax‑withholding, or sale proceeds are disclosed in the excerpt.

Context

• Code explanations: M = exercise/conversion of a derivative; A = award/grant of derivative (RSUs). The filing shows conversion and same‑day disposition of the converted shares, a pattern commonly used for cashless exercises or sell‑to‑cover settlements, but the Form 4 does not state the settlement mechanics or sale proceeds.
• For retail investors: RSU grants are compensation that vest over time (here, at the 2027 annual meeting) and are not a direct purchase signal. The same‑day conversion and disposition recorded here is typically administrative rather than a clear bullish insider purchase.