Kissel Mary E. 4

What Happened

• Mary E. Kissel, a director of QXO, converted (exercised) 12,111 derivative shares on May 5, 2026 and the filing shows a matching disposition of 12,111 derivative shares the same day. On the same date she was also recorded as acquiring 9,274 restricted stock units (RSUs). All reported transactions show a $0 per-share price (total value $0), consistent with RSU settlement/convertive actions rather than an open-market cash purchase.

Key Details

• Transaction date: 2026-05-05; Filing date / Accession: 2026-05-07 (period of report 2026-05-05).
• Reported transactions and codes: M = Exercise/Conversion of derivative (12,111 shares acquired and 12,111 shares disposed); A = Grant/Award (9,274 RSUs acquired).
• Prices: $0.00 per share reported for all items (total reported value $0).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Each RSU represents a contingent right to one share upon settlement.
  • F2: The 9,274 RSUs vest in full at the issuer’s 2027 Annual Meeting, subject to continued service.
  • F3: RSUs granted on May 12, 2025 vested and settled in full on the date of the issuer’s 2026 Annual Meeting (consistent with the May 5, 2026 activity).
• Timeliness: The Form 4 was filed two days after the report date; no late-filing flag is indicated in the excerpt.

Context

• Derivative conversions (code M) mean an option/RSU-type instrument was converted into shares; the matching same-day disposition often reflects an immediate sale or net settlement (for example, to cover taxes), though the filing itself does not state the specific mechanism. The $0.00 price points and the RSU footnotes suggest these were non‑cash settlements and award-related actions rather than open-market purchases or sales of previously owned stock.
• These transactions are routine insider equity settlements and awards; they do not, by themselves, provide a clear bullish or bearish signal about the company.