Colucci Marlene M 4

What Happened

• Marlene Colucci, a director of QXO, reported exercising/converting 12,111 derivative shares and simultaneously disposing of 12,111 shares on May 5, 2026 (both reported at $0.00 per share). She was also granted 9,274 restricted stock units (RSUs) on the same date, reported as a derivative award at $0.00 per share. No cash amounts or dollar values are shown in the filing.

Key Details

• Transaction date(s): May 5, 2026; Form 4 filed May 7, 2026.
• Prices reported: $0.00 per share for the exercised/conversion and disposal transactions and the RSU award.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to receive one share upon settlement.
  • F2: The newly granted 9,274 RSUs vest in full on the issuer’s 2027 Annual Meeting, subject to continued service.
  • F3: A prior RSU grant on May 12, 2025 vested and settled in full at the issuer’s 2026 Annual Meeting (likely related to the conversion/settlement reported).
• Filing timeliness: No late-filing flag provided; Form 4 was filed two days after the transactions.

Context

• The filing shows a derivative conversion/exercise and an immediate disposition recorded at $0.00, plus a separate RSU award. The $0.00 reporting means no cash consideration or proceeds are shown in the record; the filing does not state whether the disposed shares were sold on market or surrendered/withheld for tax/settlement purposes. These types of entries are commonly related to compensation vesting/settlement rather than an open-market purchase or sale indicating investment intent.