XPO Chief Operating Officer David J. Bates Sells $465K in Common Stock Under 10b5-1 Plan

Executive Summary

On October 1, 2026, David J. Bates, Chief Operating Officer of XPO, Inc. (NYSE: XPO), sold a total of 2,615 shares of Common Stock across four separate tranches at weighted average prices between $175.77 and $179.66 per share. The cumulative sale proceeds amounted to approximately $465,283.21.

Transaction Details

The sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 15, 2026, intended for asset diversification and long-term financial planning. The transactions were broken down as follows:

• Tranche 1: 700 shares at a weighted average price of $175.7664 (range: $175.35–$176.10)
• Tranche 2: 300 shares at a weighted average price of $176.6400 (range: $176.35–$177.17)
• Tranche 3: 900 shares at a weighted average price of $178.6633 (range: $178.11–$179.10)
• Tranche 4: 715 shares at a weighted average price of $179.6612 (range: $179.53–$179.88)

Following these dispositions, Mr. Bates maintains direct beneficial ownership of 62,120 shares of XPO Common Stock.

Significance & Market Implications

This filing is rated Low in market significance due to the following factors:

1. Rule 10b5-1 Plan: The disposition was scheduled in advance via a 10b5-1 plan established in June 2026, removing opportunistic timing and discretionary decision-making from the transaction.
2. Proportionality: The 2,615 shares sold account for approximately 4.04% of Mr. Bates's pre-transaction equity stake (64,735 shares), indicating substantial ongoing skin-in-the-game.
3. Volume: The aggregate transaction size of ~$465,000 represents a negligible fraction of XPO's daily trading volume and public float.