XPO COO David J. Bates Sells $507.5K in Common Stock Under Rule 10b5-1 Plan

Executive Summary

On November 2, 2026, David J. Bates, Chief Operating Officer of XPO, Inc. ($XPO), executed open-market sales totaling 2,615 shares of common stock for an aggregate value of approximately $507,511.05. The transaction was reported on Form 4 filed with the SEC on November 3, 2026.

Transaction Breakdown

The shares were sold across multiple price brackets on November 2, 2026:

• 815 shares at a weighted average price of $192.4561 (range: $191.85 to $192.83)
• 400 shares at a weighted average price of $193.1700 (range: $192.91 to $193.87)
• 700 shares at a weighted average price of $194.5519 (range: $194.01 to $194.97)
• 500 shares at a weighted average price of $195.5600 (range: $195.10 to $195.74)
• 200 shares at a weighted average price of $197.1250 (range: $197.12 to $197.13)

Ownership and Context

• Pre-Transaction Holdings: 62,120 shares
• Shares Sold: 2,615 shares (~4.2% of holdings)
• Post-Transaction Holdings: 59,505 shares (direct ownership)
• Rule 10b5-1 Plan: The transactions were conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on June 15, 2026, for asset diversification and financial planning.
• Significance: Low. The disposition represents a routine, planned sale of a minor fraction of the executive's direct equity stake without discretionary timing implications.