Michael G. Jesselson - Jan 3, 2023 Form 4 Insider Report for XPO, Inc. (XPO)

Role
Director
Signature
/s/ Riina Tohvert, Attorney-in-Fact
Stock symbol
XPO
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/5/2023, 03:34 PM
Previous filing
Jan 5, 2022
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XPO Common Stock, par value $0.001 per share Options Exercise $0 +4.04K +11.91% $0.00 38K Jan 3, 2023 Direct F1
holding XPO Common Stock, par value $0.001 per share 6K Jan 3, 2023 See footnote F2
holding XPO Common Stock, par value $0.001 per share 201K Jan 3, 2023 See footnote F3
holding XPO Common Stock, par value $0.001 per share 8K Jan 3, 2023 See footnote F4
holding XPO Common Stock, par value $0.001 per share 8K Jan 3, 2023 See footnote F5
holding XPO Common Stock, par value $0.001 per share 8K Jan 3, 2023 See footnote F6
holding XPO Common Stock, par value $0.001 per share 21.1K Jan 3, 2023 See footnote F7

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
transaction XPO Restricted Stock Unit Options Exercise $0 -4.04K -100% $0.00* 0 Jan 3, 2023 Common Stock, par value $0.001 per share 4.04K Direct F8, F9, F10
transaction XPO Restricted Stock Unit Award $0 +5.48K $0.00 5.48K Jan 3, 2023 Common Stock, par value $0.001 per share 5.48K Direct F8, F11
holding XPO Restricted Stock Unit 10.4K Jan 3, 2023 Common Stock, par value $0.001 per share 10.4K Direct F8, F10, F12
holding XPO Restricted Stock Unit 5.45K Jan 3, 2023 Common Stock, par value $0.001 per share 5.45K Direct F8, F10, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,000 of these securities are held in an individual retirement account of Michael G. Jesselson.
F2 Michael G. Jesselson's spouse is the direct beneficial owner of these securities.
F3 The Michael G. Jesselson 12/18/80 Trust and the Michael G. Jesselson 4/8/71 Trust are the direct beneficial owners of these securities. Michael G. Jesselson is the beneficiary of each of these trusts.
F4 These securities are held by the JJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
F5 These securities are held by the RAJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
F6 These securities are held by the SJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
F7 The Michael G. Jesselson and Linda Jesselson, Trustees UID 6/30/93 FBO Maya Ariel Ruth Jesselson is the direct beneficial owner of these securities. Michael G. Jesselson is a trustee of the trust.
F8 Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
F9 The RSUs vested in full on January 3, 2023.
F10 Reflects previously granted RSUs with adjustments to the number of shares of Common Stock underlying such RSUs to maintain the economic value of the shares of Common Stock underlying the RSUs prior to the Issuer's spin-off of its tech-enabled brokered transportation platform on November 1, 2022 (the "Spin-off"). These previously granted RSUs have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-Off.
F11 The RSUs shall vest in full on January 2, 2024, subject to the Reporting Person's continued service as a director of the Issuer.
F12 The RSUs vested in full on January 3, 2018 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
F13 The RSUs vested in full on January 2, 2019 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.