Form 4: Jared Kushner Reports Changes in Beneficial Ownership of QXO, Inc. Stock

Jared Kushner, a director of QXO, Inc., reports transactions involving common stock and restricted stock units, including a transfer agreement to Affinity Funds.

Summary

• Jared Kushner, a director of QXO, Inc., filed a Form 4 detailing changes in his beneficial ownership of QXO stock.
• The report indicates transactions involving common stock and restricted stock units (RSUs).
• On May 12, 2025, 14,523 shares of common stock were acquired and disposed of.
• Kushner also acquired 12,111 restricted stock units (RSUs) on May 12, 2025, which vest on the date of the Issuer's 2026 Annual Meeting of Stockholders.
• He disclaims beneficial ownership of shares held by Affinity Partners Parallel Fund I LP, Affinity Partners Fund I LP, and Affinity QXO 1 LLC, despite his role as Chief Executive Officer of A Fin Management LLC, the investment manager of these funds.
• Kushner has agreed to transfer shares of common stock and underlying RSUs to certain Affinity Funds and disclaims beneficial ownership over these shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing reporting transactions and disclaiming ownership.

Future Outlook

The RSUs vest in full on the date of the Issuer's 2026 Annual Meeting of Stockholders, subject to the Reporting Person's continued service as a director of the Issuer.

Management Comments

• The Reporting Person disclaims beneficial ownership over these shares.
• The Reporting Person has agreed to transfer the shares of Common Stock to certain of the Affinity Funds.
• The Reporting Person disclaims beneficial ownership over the shares underlying the RSUs.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Key Dates

Keywords

QXO, Jared Kushner, Form 4, Beneficial Ownership, Restricted Stock Units, Affinity Funds, Director, Common Stock