Christopher J. Signorello - Jun 6, 2024 Form 3 Insider Report for QXO, Inc. (QXO)

Role
CHIEF LEGAL OFFICER
Signature
/s/ Christopher J. Signorello
Stock symbol
QXO
Transactions as of
Jun 6, 2024
Transactions value $
$0
Form type
3
Date filed
6/17/2024, 05:14 PM
Previous filing
Oct 17, 2022
Next filing
Jul 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding QXO See footnote Jun 6, 2024 Common Stock, $0.00001 par value per share 93.1K $4.57 Direct F1, F2, F3, F4
holding QXO Warrants Jun 6, 2024 Common Stock, $0.00001 par value per share 46.5K $4.57 Direct F5, F6
holding QXO Warrants Jun 6, 2024 Common Stock, $0.00001 par value per share 23.3K $6.85 Direct F7, F8
holding QXO Warrants Jun 6, 2024 Common Stock, $0.00001 par value per share 23.3K $13.70 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Convertible Perpetual Preferred Stock, $0.001 par value per share (the "Preferred Stock").
F2 The Preferred Stock has no expiration date.
F3 Represents 93,079 shares of Common Stock initially issuable upon conversion of 425 shares of Preferred Stock, subject to adjustment as set forth in the Certificate of Designation of Convertible Perpetual Preferred Stock of QXO, Inc., filed as Exhibit 4.1 to the Issuer's Current Report on Form 8-K (the "Form 8-K") filed with the SEC on June 6, 2024 (the "Certificate of Designation").
F4 The initial conversion price of the Preferred Stock is $4.566 per share of Common Stock, subject to adjustment as set forth in the Certificate of Designation.
F5 Represents 46,539 shares of Common Stock initially issuable upon the exercise of 46,539 Warrants with an exercise price of $4.566, subject to adjustment as set forth in the Form of Warrant Certificate filed as Exhibit 4.4 to the Form 8-K (the "First Warrant Certificate"). The Warrants issued pursuant to the First Warrant Certificate represent 50% of the Warrants.
F6 The initial exercise price of the Warrants issued pursuant to the First Warrant Certificate is $4.566 per share of Common Stock, subject to adjustment as set forth in the First Warrant Certificate. The Warrants are exercisable either for cash or on a cashless basis.
F7 Represents 23,269 shares of Common Stock initially issuable upon the exercise of 23,269 Warrants with an exercise price of $6.849, subject to adjustment as set forth in the Form of Warrant Certificate filed as Exhibit 4.2 to the Form 8-K (the "Second Warrant Certificate"). The Warrants issued pursuant to the Second Warrant Certificate represent 25% of the Warrants.
F8 The initial exercise price of the Warrants issued pursuant to the Second Warrant Certificate is $6.849 per share of Common Stock, subject to adjustment as set forth in the Second Warrant Certificate. The Warrants are exercisable either for cash or on a cashless basis.
F9 Represents 23,269 shares of Common Stock initially issuable upon the exercise of 23,269 Warrants with an exercise price of $13.698, subject to adjustment as set forth in the Form of Warrant Certificate filed as Exhibit 4.3 to the Form 8-K (the "Third Warrant Certificate"). The Warrants issued pursuant to the Third Warrant Certificate represent 25% of the Warrants.
F10 The initial exercise price of the Warrants issued pursuant to the Third Warrant Certificate is $13.698 per share of Common Stock, subject to adjustment as set forth in the Third Warrant Certificate. The Warrants are exercisable either for cash or on a cashless basis.