Form 4: Jared Kushner Reports Acquisition of QXO, Inc. Shares Through Affinity Partners Funds

Jared Kushner, a director of QXO, Inc., reported the acquisition of shares through affiliated funds, disclaiming beneficial ownership.

Summary

• Jared Kushner, a director of QXO, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 7,040,396 shares of common stock at a price of $9.14 per share through Affinity Partners Parallel Fund I LP.
• Additionally, 71,201 shares were acquired through Affinity Partners Fund I LP, also at $9.14 per share.
• Kushner disclaims beneficial ownership of these shares, which are held by the respective Affinity Partners funds.
• Affinity Partners GP LP is the general partner of both funds, and A Fin Management LLC is the investment manager, with Jared Kushner as its CEO.
• Mr. Kushner may be deemed to share voting and dispositive power over the shares held directly by Parallel Fund I and Fund I.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Management Comments

• Jared Kushner disclaims beneficial ownership over these shares.

Industry Context

This filing is a routine disclosure required by the SEC for insiders who have transactions in their company's stock. It provides transparency to the market regarding the holdings and transactions of company directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates