FedEx (NYSE: FDX) EVP sells 20,450 shares after option exercise

Rhea-AI Filing Summary

FedEx Corporation executive Gina F. Adams, EVP, General Counsel and Secretary, reported a combination of option exercises and stock sales. On April 14, 2026, she exercised non-qualified stock options covering a total of 20,450 shares of common stock at exercise prices of $162.82, $161.85, and $130.96 per share. She then sold 20,450 shares of FedEx common stock in open-market transactions at weighted average prices of $366.02 and $367.37 per share, with actual trade prices ranging from $365.64 to $367.66 as disclosed in the footnotes. Following these transactions, Adams directly holds 19,403 FedEx shares.

Insights

Insider trading analyst

FedEx EVP exercises options and sells an equivalent number of shares, a typical liquidity move.

EVP and General Counsel Gina F. Adams exercised non-qualified stock options for 20,450 shares at strike prices between $130.96 and $162.82. These are compensation-related derivatives converting into common stock rather than open-market purchases.

On the same date, she sold 20,450 shares of common stock in open-market trades at weighted average prices of $366.02 and $367.37, with trade prices spanning $365.64 to $367.66. This pattern reflects an exercise-and-sell sequence, often used to monetize vested options while avoiding a larger concentrated position.

After these transactions, Adams directly holds 19,403 shares of FedEx stock as of April 14, 2026. The filing shows net-sell activity in terms of shares but retains a meaningful remaining equity stake. No remaining derivative positions are listed in the derivative summary for this filing.

Insider Trade Summary

Net Seller: 20,450 shares ($7,493,856)

Net Sell 8 txns

Insider ADAMS GINA F.

Role EVP GENL COUNSEL/SECTY

Sold 20,450 shs ($7.49M)

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy)	5,655	$0.00	--
Exercise	Non-qualified Stock Option (Right to Buy)	7,085	$0.00	--
Exercise	Non-qualified Stock Option (Right to Buy)	7,710	$0.00	--
Exercise	Common Stock	5,655	$162.82	$921K
Exercise	Common Stock	7,085	$161.85	$1.15M
Exercise	Common Stock	7,710	$130.96	$1.01M
Sale	Common Stock	14,015	$366.0234	$5.13M
Sale	Common Stock	6,435	$367.3719	$2.36M

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 25,058 shares (Direct)

Footnotes (1)

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.64 to $366.64, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.82 to $367.66, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. These options vest ratably over four years from the date of grant and are first exercisable one year from date of grant.

Key Figures

Options exercised: 20,450 shares Strike prices: $162.82, $161.85, $130.96 per share Shares sold: 20,450 shares +3 more

6 metrics

Options exercised 20,450 shares Non-qualified stock options exercised on April 14, 2026

Strike prices $162.82, $161.85, $130.96 per share Exercise prices for three option grants

Shares sold 20,450 shares Open-market sales on April 14, 2026

Weighted average sale prices $366.02 and $367.37 per share Two sale blocks with price ranges disclosed in footnotes

Sale price ranges $365.64–$367.66 per share Detailed trade ranges from Form 4 footnotes

Shares owned after transactions 19,403 shares Direct FedEx common stock holdings post-transaction

Key Terms

Non-qualified Stock Option, weighted average price, open-market sale, derivative security, +1 more

5 terms

Non-qualified Stock Option financial

"Non-qualified Stock Option (Right to Buy)"

A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.

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.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

non-derivative financial

"transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

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^*

ADAMS GINA F.

(Last) (First) (Middle)

101 CONSTITUTION AVENUE NW

SUITE 801 EAST

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20001

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP GENL COUNSEL/SECTY

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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	04/14/2026		M		5,655	A	$162.82	25,058	D
Common Stock	04/14/2026		M		7,085	A	$161.85	32,143	D
Common Stock	04/14/2026		M		7,710	A	$130.96	39,853	D
Common Stock	04/14/2026		S		14,015	D	$366.0234(1)	25,838	D
Common Stock	04/14/2026		S		6,435	D	$367.3719(2)	19,403	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
Non-qualified Stock Option (Right to Buy)	$162.82	04/14/2026		M			5,655	(3)	06/06/2026	Common Stock	5,655	$0	0	D
Non-qualified Stock Option (Right to Buy)	$161.85	04/14/2026		M			7,085	(3)	06/10/2029	Common Stock	7,085	$0	0	D
Non-qualified Stock Option (Right to Buy)	$130.96	04/14/2026		M			7,710	(3)	06/15/2030	Common Stock	7,710	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $365.64 to $366.64, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $366.82 to $367.66, inclusive. The reporting person undertakes to provide to FedEx Corporation, any security holder of FedEx Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

3. These options vest ratably over four years from the date of grant and are first exercisable one year from date of grant.

	/s/ Gina F. Adams	04/14/2026
	** 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)

FAQ

What insider transactions did FedEx (FDX) EVP Gina Adams report?

Gina Adams reported exercising non-qualified stock options for 20,450 FedEx shares and selling 20,450 common shares. The moves convert option-based compensation into cash and leave her with 19,403 shares directly owned after the transactions.

How many FedEx (FDX) shares did Gina Adams sell in this Form 4?

Gina Adams sold 20,450 FedEx common shares in open-market transactions. The reported weighted average prices were $366.02 and $367.37 per share, with individual trade prices ranging from $365.64 to $367.66, according to the transaction footnotes.

What option exercise prices did Gina Adams use for her FedEx (FDX) shares?

She exercised non-qualified stock options at strike prices of $162.82, $161.85, and $130.96 per share. These options converted into an equal number of FedEx common shares, totaling 20,450 shares, before she sold the same number of shares that day.

How many FedEx (FDX) shares does Gina Adams own after these transactions?

Following the reported option exercises and open-market sales, Gina Adams directly holds 19,403 FedEx common shares. This post-transaction balance is disclosed in the Form 4 totals for her non-derivative holdings on the transaction date.

Were Gina Adams’ FedEx (FDX) stock sales made at a single price?

No. The Form 4 explains that reported prices are weighted averages. Her sales were executed in multiple trades, with prices ranging from $365.64 to $366.64 and from $366.82 to $367.66 per share across the two disclosed sale blocks.

Does the FedEx (FDX) Form 4 show any remaining options for Gina Adams?

The derivative summary in this Form 4 is empty, and each reported stock option position shows zero shares remaining after exercise. Based on this filing, the disclosed non-qualified options were fully exercised in connection with these transactions.