Landry Allison 4

What Happened

• Landry Allison, a director of QXO, reported conversion/exercise of 12,111 derivative shares on May 5, 2026 (code M) that were recorded as acquired and then disposed the same day; both transactions list a $0.00 per-share price (total $0 reported). On the same date Allison was also granted 9,274 restricted stock units (RSUs) (code A) at $0.00 — these RSUs are a contingent right to receive shares upon settlement and vest in full at QXO's 2027 Annual Meeting, subject to continued service.
• The filing does not assign a cash value to the exercised/disposed shares. The same Form 4 notes a prior RSU grant (May 12, 2025) that vested and settled at the 2026 Annual Meeting.

Key Details

• Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
• Codes: M = exercise/conversion of derivative security (12,111 shares acquired then disposed same day); A = grant/award of RSUs (9,274 RSUs).
• Price reported: $0.00 per share for all reported items (no cash consideration shown).
• Shares owned after the transactions: not reported in the provided filing excerpt.
• Footnotes: F1 — each RSU equals the right to one common share upon settlement; F2 — 9,274 RSUs vest in full at the 2027 Annual Meeting, subject to continued service; F3 — a prior RSU grant from May 12, 2025 vested and settled at the 2026 Annual Meeting.
• No 10b5-1 plan, tax withholding, or explicit reason for the same-day disposition is stated in the filing.

Context

• M (exercise/conversion) indicates conversion of a derivative security (for example, RSUs or options) into common shares; A denotes an RSU award. Because the transactions show acquisition and disposition of the same 12,111 shares on the same day, that sequence represents a conversion/settlement followed by an immediate disposition, but the Form 4 does not specify the mechanism (sale, net settlement, or withholding).
• Awards (RSUs) are compensation and typically vest over time; they do not by themselves imply buy/sell market sentiment.