[Form 4] CSX CORP Insider Trading Activity

Rhea-AI Filing Summary

CSX Corporation executive Diana B. Sorfleet, EVP & CAO, reported multiple stock option exercises and a share sale. On February 19, 2026, she exercised options covering 13,344, 25,434 and 51,222 shares at exercise prices of $16.13, $17.94 and $22.70 per share, respectively, converting them into an equal number of CSX common shares.

That same day, she executed an open-market sale of 90,000 shares of CSX common stock at a weighted average price of $41.56 per share, with individual trades ranging from $41.48 to $41.70. After these transactions, Sorfleet directly owned 165,613 CSX common shares.

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

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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^*

Sorfleet Diana B

(Last) (First) (Middle)

500 WATER STREET

15TH FLOOR

(Street)

JACKSONVILLE FL 32202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CSX CORP [ CSX ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CAO

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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

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

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

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	02/19/2026		M		13,344	A	$16.13	178,957	D
Common Stock	02/19/2026		M		25,434	A	$17.94	204,391	D
Common Stock	02/19/2026		M		51,222	A	$22.7	255,613	D
Common Stock	02/19/2026		S		90,000	D	$41.56(1)	165,613	D

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
Option	$16.13(2)	02/19/2026		M			13,344	02/22/2020	02/22/2027	Common Stock	13,344(3)	$0	0	D
Option	$17.94(4)	02/19/2026		M			25,434	02/06/2021	02/06/2028	Common Stock	25,434(5)	$0	0	D
Option	$22.7(6)	02/19/2026		M			51,222	02/06/2022	02/06/2029	Common Stock	137,301(7)	$0	86,079	D

Explanation of Responses:

1. Weighted average price, as these shares were sold in multiple transactions at prices ranging from $41.48 to $41.70, inclusive. The Reporting Person undertakes to provide to CSX Corporation, any security holder of CSX Corporation, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. The original exercise price of the option was $48.39. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjusted price of $16.13.

3. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjustment to the number of shares subject to the option from 4,448 to 13,344 shares.

4. The original exercise price of the option was $53.82. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjusted price of $17.94.

5. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjustment to the number of shares subject to the option from 8,478 to 25,434 shares.

6. The original exercise price of the option was $68.09. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjusted price of $22.70.

7. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjustment to the number of shares subject to the option from 45,767 to 137,301 shares.

	Kacey D. Heekin-Luchin, Attorney-in-Fact	02/20/2026
	** 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.
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FAQ

What did CSX (CSX) executive Diana Sorfleet report in this Form 4?

Diana Sorfleet reported exercising stock options and selling shares. She converted three option grants into 90,000 CSX common shares and then sold 90,000 shares in the open market, updating her reported direct holdings.

How many CSX (CSX) shares did Diana Sorfleet sell in the reported transaction?

She sold 90,000 CSX common shares. The sale was executed as open-market transactions at a weighted average price of $41.56 per share, with individual trades occurring between $41.48 and $41.70, according to the filing footnote.

What option exercise prices are disclosed in Diana Sorfleet’s CSX (CSX) Form 4?

The Form 4 shows option exercises at $16.13, $17.94, and $22.70 per share. These prices reflect adjustments after a 3-for-1 CSX stock split on June 28, 2021, as explained in the accompanying footnotes.

How many CSX (CSX) shares does Diana Sorfleet own after these transactions?

Following the option exercises and subsequent sale, Diana Sorfleet directly owns 165,613 CSX common shares. This figure is reported as the total shares beneficially owned after the final transaction listed in the Form 4.

What role does Diana Sorfleet hold at CSX (CSX) in this Form 4 filing?

The Form 4 identifies Diana B. Sorfleet as an officer of CSX, serving as Executive Vice President & Chief Administrative Officer (EVP & CAO). The reported transactions reflect changes in her directly held equity position in the company.

How were the CSX (CSX) share sale prices described in the Form 4 footnote?

The filing states that the 90,000 shares were sold at a weighted average price of $41.56, with individual trades executed between $41.48 and $41.70. Additional breakdowns by exact price and size are available upon request, per the footnote.