David J. Bates - Apr 21, 2024 Form 4 Insider Report for XPO, Inc. (XPO)

Role: Chief Operating Officer
Signature: /s/ Wendy Cassity, Attorney-in-Fact
Stock symbol: XPO
Transactions as of: Apr 21, 2024
Transactions value $: -$1,514,588
Form type: 4
Date filed: 4/22/2024, 04:46 PM
Previous filing: Mar 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XPO	Common Stock	Options Exercise	$0	+30.1K	+1278.13%	$0.00	32.5K	Apr 21, 2024	Direct
transaction	XPO	Common Stock	Tax liability	-$1.51M	-13.2K	-40.76%	$114.49	19.2K	Apr 21, 2024	Direct

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	-30.1K	-50%	$0.00	30.1K	Apr 21, 2024	Common Stock	30.1K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	These RSUs vest in two equal annual installments on April 21, 2024 and April 21, 2025, generally subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date.