# EDGAR Filing Document

**Accession Number:** 0001166003
**File Stem:** 0001166003-23-000009
**Filing Date:** 2023-1
**Character Count:** 9277
**Document Hash:** 8bc28528bd0d60519ea4158b106c0bd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001166003-23-000009.hdr.sgml**: 20230105

**ACCESSION NUMBER**: 0001166003-23-000009

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230103

**FILED AS OF DATE**: 20230105

**DATE AS OF CHANGE**: 20230105

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** JESSELSON MICHAEL G
- **CENTRAL INDEX KEY:** 0000945191

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32172
- **FILM NUMBER:** 23511938

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** SUITE 4101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** XPO, Inc.
- **CENTRAL INDEX KEY:** 0001166003
- **STANDARD INDUSTRIAL CLASSIFICATION:** TRANSPORTATION SERVICES [4700]
- **IRS NUMBER:** 030450326
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** FIVE AMERICAN LANE
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06831
- **BUSINESS PHONE:** (855) 976-6951

**MAIL ADDRESS:**
- **STREET 1:** FIVE AMERICAN LANE
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XPO Logistics, Inc.
- **DATE OF NAME CHANGE:** 20110902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXPRESS-1 EXPEDITED SOLUTIONS INC
- **DATE OF NAME CHANGE:** 20060606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEGMENTZ INC
- **DATE OF NAME CHANGE:** 20020125

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>JESSELSON MICHAEL G<br><sub>(Last) (First) (Middle)</sub><br>C/O XPO, INC.<br>FIVE AMERICAN LANE<br><sub>(Street)</sub><br>GREENWICH, CT 06831<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>XPO, Inc. [ XPO ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock, par value $0.001 per share | 2023-01-03 |  | M |  | 4040 | A | $0 | 37971 | D<sup>(1)</sup> |  |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 6000 | I | See footnote<sup>(2)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 201001 | I | See footnote<sup>(3)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 8000 | I | See footnote<sup>(4)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 8000 | I | See footnote<sup>(5)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 8000 | I | See footnote<sup>(6)</sup> |
| Common Stock, par value $0.001 per share |  |  |  |  |  |  |  | 21057 | I | See footnote<sup>(7)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Unit | <sup>(8)</sup> | 2023-01-03 |  | M |  |  | 4040 | <sup>(9)</sup> | <sup>(9)</sup> | Common Stock, par value $0.001 per share | 4040.0<sup>(10)</sup> | $0 | 0 | D |  |
| Restricted Stock Unit | <sup>(8)</sup> | 2023-01-03 |  | A |  | 5480 |  | <sup>(11)</sup> | <sup>(11)</sup> | Common Stock, par value $0.001 per share | 5480.0 | $0 | 5480 | D |  |
| Restricted Stock Unit | <sup>(8)</sup> |  |  |  |  |  |  | <sup>(12)</sup> | <sup>(12)</sup> | Common Stock, par value $0.001 per share | 10442.0<sup>(10)</sup> |  | 10442<sup>(10)</sup> | D |  |
| Restricted Stock Unit | <sup>(8)</sup> |  |  |  |  |  |  | <sup>(13)</sup> | <sup>(13)</sup> | Common Stock, par value $0.001 per share | 5446.0<sup>(10)</sup> |  | 5446<sup>(10)</sup> | D |  |

---

### Footnotes:

(1) 5,000 of these securities are held in an individual retirement account of Michael G. Jesselson.

(2) Michael G. Jesselson's spouse is the direct beneficial owner of these securities.

(3) The Michael G. Jesselson 12/18/80 Trust and the Michael G. Jesselson 4/8/71 Trust are the direct beneficial owners of these securities.  Michael G. Jesselson is the beneficiary of each of these trusts.

(4) These securities are held by the JJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.

(5) These securities are held by the RAJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.

(6) These securities are held by the SJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.

(7) The Michael G. Jesselson and Linda Jesselson, Trustees UID 6/30/93 FBO Maya Ariel Ruth Jesselson is the direct beneficial owner of these securities. Michael G. Jesselson is a trustee of the trust.

(8) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.

(9) The RSUs vested in full on January 3, 2023.

(10) Reflects previously granted RSUs with adjustments to the number of shares of Common Stock underlying such RSUs to maintain the economic value of the shares of Common Stock underlying the RSUs prior to the Issuer's spin-off of its tech-enabled brokered transportation platform on November 1, 2022 (the "Spin-off"). These previously granted RSUs have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-Off.

(11) The RSUs shall vest in full on January 2, 2024, subject to the Reporting Person's continued service as a director of the Issuer.

(12) The RSUs vested in full on January 3, 2018 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.

(13) The RSUs vested in full on January 2, 2019 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.

**Signature:** /s/ Riina Tohvert, Attorney-in-Fact  
**Date:** 2023-01-05

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**