Ford Motor Executive Chair William Clay Ford Jr. Completes Internal Share Exchange

Executive Summary

On September 17, 2026, Ford Motor Co ($F) Executive Chair and Chair William Clay Ford Jr. filed Form 4 reporting non-market share exchange transactions conducted on September 15, 2026. The reported transactions involved an exchange of Common Stock for Class B Stock on a 1-for-1 basis under Code 'J' through the family voting trust.

Transaction Breakdown

1. Direct Ownership Common Stock Disposition:

   • Shares Transacted: 1,464,460 Common Shares disposed
   • Post-Transaction Holdings: 1 Common Share held directly

2. Indirect Ownership Class B Stock Acquisition:

   • Shares Transacted: 1,451,097 Class B Shares acquired
   • Ownership Nature: Indirect (By Voting Trust - Individually)
   • Post-Transaction Holdings: 16,558,436 Class B Shares

3. Indirect Trust Common Stock Disposition:

   • Shares Transacted: 85,301 Common Shares disposed
   • Ownership Nature: Indirect (By Trust - As Trustee)
   • Post-Transaction Holdings: 0 Common Shares

4. Indirect Trust Class B Stock Acquisition:

   • Shares Transacted: 85,301 Class B Shares acquired
   • Ownership Nature: Indirect (By Voting Trust - As Trustee)
   • Post-Transaction Holdings: 3,997,901 Class B Shares

Additional Retained Holdings

• 103,758 Class B Shares held indirect through Voting Trust (Spouse)
• 235,703 Common Shares held indirect via Company Plan

Trading Significance

Rating: Low

This filing reflects an internal rebalancing and consolidation of voting control within the Ford family voting trust rather than open-market buying or selling activity. Footnote disclosure confirms these transactions were one-for-one exchanges among Class B holders. Because this does not involve public liquidity or cash transactions, it carries low market significance.