American Express CEO sells 299,401 shares after exercise

The Chairman and CEO's four sale tranches carried weighted-average prices of $330.52, $331.64, $332.42 and $332.98.

Available on EDGAR 11/06/2026 - 04:05 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:05 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Stephen J. Squeri, American Express Chairman and CEO, exercised options covering 299,401 shares at a $148.45 per-share exercise price on November 4, 2026, acquiring 299,401 common shares. He sold 299,401 shares that day in four transactions at weighted-average prices of $330.52, $331.64, $332.42 and $332.98. No Rule 10b5-1 plan is reported.

The reported position in these options after exercise was 0. Separate positions listed were 130 shares in a 401(k) Trust under the Company’s Retirement Savings Plan and 163,292 shares through Stephen J. Squeri 2025 Master GRAT.

Insider Trade Summary

Exercise and Sale: 299,401 shares ($55.00M approx. pre-tax spread)

Exercise and Sale 6 txns

Insider Squeri Stephen J

Role Chairman and CEO

Sold 299,401 shs ($99.45M)

Approx. gross sale proceeds $99.45M

Approx. exercise cost $44.45M

Approx. pre-tax spread $55.00M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	299,401	$0.00	$0.00
Exercise	Common Stock	299,401	$148.45	$44.45M
Sale	Common Stock F1	7,851	$330.52	$2.59M
Sale	Common Stock F2	85,245	$331.64	$28.27M
Sale	Common Stock F3	200,791	$332.42	$66.75M
Sale	Common Stock F4	5,514	$332.98	$1.84M
Holding	Common Stock F5	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 60,567 shares (Direct); Common Stock — 130.45 shares (Indirect, 401(k) Trust); Common Stock — 163,292.479 shares (Indirect, By Stephen J Squeri 2025 Master GRAT)

Footnotes (5)

1. F1. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $329.90 to $330.88. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
2. F2. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $330.91 to $331.90. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
3. F3. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $331.91 to $332.90. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
4. F4. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $332.91 to $333.20. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
5. F5. Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.

Key Figures

Options exercised (underlying shares): 299,401 shares Exercise price: $148.45 per share Common shares acquired on exercise: 299,401 shares +5 more

8 metrics

Options exercised (underlying shares) 299,401 shares November 4, 2026

Exercise price $148.45 per share Options exercised November 4, 2026

Common shares acquired on exercise 299,401 shares November 4, 2026

Common shares sold 299,401 shares November 4, 2026

Weighted-average sale price $330.52 per share 7,851 shares sold November 4, 2026

Weighted-average sale price $331.64 per share 85,245 shares sold November 4, 2026

Weighted-average sale price $332.42 per share 200,791 shares sold November 4, 2026

Weighted-average sale price $332.98 per share 5,514 shares sold November 4, 2026

Key Terms

Employee Stock Option (Right to Buy), weighted average price, unit accounting, 401(k) Trust, +1 more

5 terms

Employee Stock Option (Right to Buy) technical

"Employee Stock Option (Right to Buy)"

weighted average price financial

"The price reported in Column 4 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

unit accounting financial

"This plan uses unit accounting"

401(k) Trust financial

"401(k) Trust"

Master GRAT financial

"By Stephen J Squeri 2025 Master GRAT"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did AXP Chairman and CEO Stephen J. Squeri exercise and sell?

On November 4, 2026, Squeri exercised options covering 299,401 shares at $148.45 per share, acquiring 299,401 common shares, and sold 299,401 shares. No Rule 10b5-1 plan is reported.

What prices did AXP Chairman and CEO Stephen J. Squeri receive for the share sales?

The four weighted-average sale prices were $330.52, $331.64, $332.42 and $332.98 per share. The corresponding share counts were 7,851, 85,245, 200,791 and 5,514. Footnotes give transaction-price ranges of $329.90–$330.88, $330.91–$331.90, $331.91–$332.90 and $332.91–$333.20, respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Squeri Stephen J

(Last) (First) (Middle)

200 VESEY STREET, AMERICAN EXPRESS TOWER

(Street)

NEW YORK NEW YORK 10285-5001

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN EXPRESS CO [ AXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/04/2026		M		299,401	A	$148.45	359,968	D
Common Stock	11/04/2026		S		7,851	D	$330.52(1)	352,117	D
Common Stock	11/04/2026		S		85,245	D	$331.64(2)	266,872	D
Common Stock	11/04/2026		S		200,791	D	$332.42(3)	66,081	D
Common Stock	11/04/2026		S		5,514	D	$332.98(4)	60,567	D
Common Stock								130.45	I	401(k) Trust(5)
Common Stock								163,292.479	I	By Stephen J Squeri 2025 Master GRAT

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$148.45	11/04/2026		M			299,401	10/31/2026	10/31/2029	Common Stock	299,401	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $329.90 to $330.88. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

2. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $330.91 to $331.90. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

3. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $331.91 to $332.90. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

4. The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $332.91 to $333.20. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

5. Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.

	/s/ James J. Killerlane III, attorney-in-fact	11/06/2026
	** Signature of Reporting Person	Date
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.
* Form 4: SEC 1474 (03-26)