Expeditors Form 4: Director Mark Emmert sells 4,100 shares at market prices

Rhea-AI Filing Summary

Insider sale by director Mark A. Emmert: On 08/19/2025 Mark A. Emmert, a director of Expeditors International of Washington, Inc. (EXPD), sold 4,100 shares of Expeditors common stock in multiple transactions at a weighted average price of $121.256 per share (individual prices ranged from $121.18 to $121.33). After the sale he beneficially owned 11,868 shares, held directly. The filing includes an undertaking to provide detailed per-trade quantities on request. The Form 4 was signed via attorney-in-fact Diane Heffner on 08/20/2025.

Positive

• Transparency maintained: Form 4 reports specific share counts, weighted average sale price, and offers to provide per-trade details on request.
• Director retains meaningful stake: Post-sale beneficial ownership of 11,868 shares remains, indicating continued alignment with shareholders.

Negative

• Insider sale occurred: Director disposed of 4,100 shares, which is a material reduction in his reported direct holdings.
• No plan disclosure: The filing does not indicate that the sale was made under a Rule 10b5-1 trading plan, so timing appears discretionary.

Insights

Corporate Governance Expert

TL;DR: A board director executed a routine sale reducing direct holdings by 4,100 shares at market prices.

The transaction appears to be a straightforward open-market sale by a director rather than an option exercise or derivative disposition. The filing states the sale was executed in multiple trades with a weighted average price of $121.256, and the director retains 11,868 shares post-transaction. From a governance perspective, this is a common liquidity event for insiders and not, by itself, evidence of company-specific adverse information. The filing includes the standard undertaking to disclose per-trade quantities upon request, which supports transparency.

Securities Analyst

TL;DR: Insider sold ~25.7% of reported pre-sale direct holdings, signaling routine portfolio rebalancing.

Based solely on reported numbers, 4,100 shares were disposed leaving 11,868 shares; if those figures reflect the director's total pre-sale position, the sale reduced direct holdings materially in percentage terms. The sale occurred at prices between $121.18 and $121.33, indicating execution at prevailing market levels. No derivatives or other transactions were reported. This is a discrete disclosure event with limited standalone market implication unless accompanied by additional information.

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^*

Emmert Mark A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		S		4,100	D	$121.256(1)	11,868	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

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.18 to $121.33, 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.

	Diane Heffner, Stock Plan Administrator, attorney-in-fact	08/20/2025
	** 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.
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.

FAQ

What did Expeditors director Mark A. Emmert report on Form 4 (EXPD)?

On 08/19/2025 he reported selling 4,100 shares at a weighted average price of $121.256, leaving 11,868 shares beneficially owned.

At what prices were the 4,100 EXPD shares sold?

The filing reports a weighted average price of $121.256 with individual trade prices ranging from $121.18 to $121.33.

Does the Form 4 indicate the sale was part of a 10b5-1 plan?

No. The form does not check the box indicating the transaction was made pursuant to a Rule 10b5-1 plan.

Who signed the Form 4 for Mark A. Emmert?

The form was signed by attorney-in-fact Diane Heffner, Stock Plan Administrator, on 08/20/2025.

Will detailed per-trade quantities be available?

Yes. The reporting person undertakes to provide full information on the number of shares sold at each separate price upon request to any security holder or the SEC.