Bell Blake R exercised options and sold 18,000 EXPD shares

Rhea-AI Filing Summary

Bell Blake R, an officer of Expeditors International of Washington, Inc. (EXPD), exercised stock options and sold shares on 08/06/2025. The reporting person exercised 18,000 stock options with an exercise/conversion price of $47.39, then sold 18,000 common shares at a weighted average price of $117.894 (sales ranged from $117.85 to $118.03). After these transactions, the reporting person beneficially owned 57,275.4324 shares directly; immediately after the exercise but before the sale the beneficial ownership was 75,275.4324 shares.

The filing notes 197.6597 shares purchased under the company ESPP on July 31, 2025 are included in the beneficial ownership totals. The derivative table shows zero outstanding stock options for the reporting person following the reported exercise.

Insights

Securities Analyst

TL;DR: Officer exercised 18,000 options at $47.39 and sold 18,000 shares at ~$117.89 on 08/06/2025; net direct holdings fell to 57,275.4324 shares.

The transaction pattern—exercise of options followed by an immediate sale of the same number of shares—is a common liquidity event for option holders and often reflects routine monetization of vested compensation. The weighted average sale price is disclosed as $117.894, with the filer offering to provide per-trade amounts on request. The filing also clarifies that 197.6597 ESPP shares purchased on July 31, 2025 are included in the beneficial ownership total. From a monitoring perspective, this is a transparent, fully disclosed Section 16 filing showing conversion of derivatives into common stock and subsequent disposition.

Corporate Governance Expert

TL;DR: Disclosure shows an exercised-and-sold sequence by an officer; properly reported and signed by an attorney-in-fact.

The Form 4 provides the necessary details required for insider trading transparency: transaction date, option exercise price ($47.39), number of shares exercised and sold (18,000), and the weighted average sale price ($117.894) with a disclosed price range. Beneficial ownership before and after the transactions is reported, and the derivative schedule shows zero remaining options post-exercise. Procedurally, the form appears complete and includes an explanation for the weighted average sale price and ESPP share inclusion, supporting proper governance disclosure practices.

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^*

Bell Blake R

(Last) (First) (Middle)

STERLING PLAZA 2, 3RD FLOOR

3545 FACTORIA BLVD SE

(Street)

BELLEVUE WA 98006

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EXPEDITORS INTERNATIONAL OF WASHINGTON INC [ EXPD ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President Global Business Dev

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

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	08/06/2025		M		18,000	A	$47.39	75,275.4324	D
Common Stock	08/06/2025		S		18,000	D	$117.894(1)	57,275.4324(2)	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
Stock Options (Right to Buy)	$47.39	08/06/2025		M			18,000	05/03/2017	05/03/2026	Common Stock	18,000	$0	0	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $117.85 to $118.03, inclusive. The reporting person undertakes to provide to any security holder of Expeditors or to the SEC, upon request, full information regarding the number of shares sold at each separate price within the range stated.

2. Balance of Common Stock beneficially owned includes 197.6597 shares purchased on July 31, 2025 under Expeditors International of Washington, Inc.'s 2002 Employee Stock Purchase Plan.

	Diane Heffner, Stock Plan Administrator, attorney-in-fact	08/08/2025
	** 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 exactly did the EXPD insider do on 08/06/2025?

The insider exercised 18,000 stock options at $47.39 and sold 18,000 common shares at a weighted average price of $117.894 on 08/06/2025.

How many EXPD shares does the reporting person own after the transactions?

After the reported transactions the reporting person beneficially owned 57,275.4324 shares, held directly.

Were any stock options left after the exercise?

According to the derivative schedule, the reporting person had 0 stock options remaining following the exercise of 18,000 options.

Does the filing disclose the range of sale prices for the shares sold?

Yes. The filing states the shares were sold at prices ranging from $117.85 to $118.03, with a weighted average of $117.894.

Are purchases under the ESPP included in the ownership totals?

Yes. The filing notes that 197.6597 shares purchased under the company ESPP on July 31, 2025 are included in the beneficial ownership balance.