July 1, 2026 · Form 4 insider transaction
Machado Luis Francisco sold 2,121 shares of TopBuild Corp. at $0.00 per share, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 0 days after the transaction.
Pursuant to the terms of the Merger Agreement, each outstanding and not yet exercised option to shares of TopBuild common stock (whether vested or unvested) was cancelled and converted into the right to receive shares of QXO common stock equal to (i) the total TopBuild shares subject to such option as of immediately prior to the Effective Time, multiplied by (ii) the quotient obtained by dividing (x) the excess, if any, of (1) the Cash Consideration minus (2) the exercise price per TopBuild share applicable to such option by (y) $25.00.; 707 shares vested on each of 2/22/2022, 2/22/2023, and 2/22/2024.