Raia Steven P 4

What Happened

• Steven P. Raia, President, Special Operations & Executive Advisor of QXO Insulation, LLC (BLD), reported three dispositions to the issuer on July 1, 2026 totaling 9,083 shares (3,507; 1,700; 3,876). Each disposition was reported at $0.00 per share for a total reported value of $0. These were dispositions to the issuer in connection with the July 1, 2026 merger and related award treatment rather than open-market sales.

Key Details

• Transaction date: 2026-07-01. Report filed 2026-07-01 (no late filing indicated).
• Individual dispositions: 3,507; 1,700; and 3,876 shares at $0.00 per share — total 9,083 shares, $0 total proceeds.
• Shares owned after transaction: not stated in this Form 4.
• Relevant footnotes:
  • F1: These actions occurred at the effective time of QXO’s July 1, 2026 merger with TopBuild; holders elected merger consideration (the reporting person elected the cash consideration).
  • F2: Some share movements reflect tax withholding and performance-share vesting.
  • F3/F4: Outstanding RSU and PRSU awards were converted into QXO RSU awards per the merger agreement (equity award exchange ratio applied).
• Transaction code: D = Disposition to issuer (not an open-market sale); F (tax withholding) applies to portions per footnotes.

Context

• Dispositions to the issuer at $0 typically reflect surrendering shares for merger consideration conversion and/or to satisfy tax withholding on vesting awards, not a market sale that signals trading sentiment. The filing indicates these were administrative actions tied to the merger and award conversion/withholding.