OTERO MADELINE 4

What Happened

• Madeline Otero, Vice President and CAO of QXO Insulation (BLD), had three dispositions to the issuer on July 1, 2026: 610, 86 and 283 shares (total 979 shares). Each line is reported at $0.00 per share (total $0) because these were transfers to the issuer rather than open-market sales.
• The transactions occurred at the effective time of QXO's July 1, 2026 merger with TopBuild; the reporting person elected cash consideration under the merger agreement and certain awards converted or settled in connection with the merger and vesting.

Key Details

• Transaction date: 2026-07-01; Report filed: 2026-07-01 (timely).
• Reported prices: $0.00 per share for each disposition (total value shown as $0).
• Total shares surrendered: 979 (610 + 86 + 283).
• Shares owned after transaction: not specified in this Form 4.
• Relevant footnotes:
  • F1: Merger with TopBuild; holders elected cash or stock consideration (reporting person elected cash).
  • F2: Reflects tax withholding and performance share achievement on vesting.
  • F3/F4: RSU and PRSU awards from TopBuild were converted into QXO RSUs per the merger exchange ratio.
• Transaction type: Disposition to issuer (not an open-market sale). No 10b5-1 plan or late filing indicated.

Context

• These transfers appear to be merger- and award-related (e.g., withholding of shares to satisfy taxes or settlement of converted awards), not a sale indicating new cash-out trading in the open market. Reported $0 prices reflect issuer-side surrender/settlement mechanics rather than market proceeds.
• For retail investors: such issuer dispositions tied to mergers, award conversions, or tax withholding are common and do not necessarily signal the insider's view on the stock's future performance.