Form 4: Jared Kushner Reports Acquisition of QXO, Inc. Shares

Jared Kushner, a director of QXO, Inc., reported the acquisition of shares through entities he is associated with, while disclaiming beneficial ownership.

Summary

• Jared Kushner, a director of QXO, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 6, 2024, entities associated with Mr. Kushner, Affinity Partners Parallel Fund I LP and Affinity Partners Fund I LP, acquired QXO, Inc. common stock at a price of $9.14 per share.
• Affinity Partners Parallel Fund I LP acquired 9,206,673 shares.
• Affinity Partners Fund I LP acquired 93,109 shares.
• Mr. Kushner, as Chief Executive Officer of A Fin Management LLC, the investment manager of the general partners of these funds, may be deemed to share voting and dispositive power over these shares but disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

• Jared Kushner disclaims beneficial ownership over the shares acquired by Affinity Partners Parallel Fund I LP and Affinity Partners Fund I LP.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding changes in ownership.

Key Dates