FedEx (FDX) EVP exercises 4,900 options, then sells 4,900 shares

Rhea-AI Filing Summary

FedEx Corp EVP Preet Kawal exercised non-qualified stock options to acquire 4,900 shares of common stock, then sold 4,900 shares in an open-market transaction. The options were exercised at prices of $207.305 and $214.000 per share, and Kawal held 10,953 shares directly after the transactions.

Insider Trade Summary

Net Seller: 4,900 shares ($1,802,661)

Net Sell 5 txns

Insider Preet Kawal

Role EVP - Plng, Eng, & Transfmtn

Sold 4,900 shs ($1.80M)

Type	Security	Shares	Price	Value
Exercise	Non-qualified Stock Option (Right to Buy)	3,390	$0.00	--
Exercise	Non-qualified Stock Option (Right to Buy)	1,510	$0.00	--
Exercise	Common Stock	3,390	$207.31	$703K
Exercise	Common Stock	1,510	$214.00	$323K
Sale	Common Stock	4,900	$367.89	$1.80M

Holdings After Transaction: Non-qualified Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 14,343 shares (Direct)

Footnotes (1)

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Key Figures

Options exercised: 4,900 shares Shares sold: 4,900 shares Sale price per share: $367.89 +3 more

6 metrics

Options exercised 4,900 shares Non-qualified stock options exercised on 2026-04-14

Shares sold 4,900 shares Common stock open-market sale on 2026-04-14

Sale price per share $367.89 Price for 4,900 common shares sold

Post-transaction holdings 10,953 shares Direct FedEx common stock held after transactions

Option exercise price 1 $207.305 Exercise price for 3,390 option shares

Option exercise price 2 $214.000 Exercise price for 1,510 option shares

Key Terms

Non-qualified Stock Option, derivative security, open-market sale, vesting

4 terms

Non-qualified Stock Option financial

"security_title: "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.

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.

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.

vesting financial

"footnote: "These options vest ratably over four years from the date of grant""

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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^*

Preet Kawal

(Last) (First) (Middle)

942 S. SHADY GROVE ROAD

(Street)

MEMPHIS TENNESSEE 38120

(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 - Plng, Eng, & Transfmtn

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		3,390	A	$207.31	14,343	D
Common Stock	04/14/2026		M		1,510	A	$214	15,853	D
Common Stock	04/14/2026		S		4,900	D	$367.89	10,953	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)	$207.305	04/14/2026		M			3,390	(1)	06/12/2027	Common Stock	3,390	$0	0	D
Non-qualified Stock Option (Right to Buy)	$214	04/14/2026		M			1,510	(1)	07/17/2027	Common Stock	1,510	$0	0	D

Explanation of Responses:

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

	/s/ Kawal Preet	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 Preet Kawal report?

Preet Kawal reported exercising non-qualified stock options for 4,900 FedEx shares and selling 4,900 common shares in an open-market transaction. These moves converted option awards into stock and then reduced his direct share count by the same number of shares.

How many FedEx (FDX) shares did EVP Preet Kawal sell in this Form 4?

Preet Kawal sold 4,900 shares of FedEx common stock in an open-market transaction. The reported sale price was $367.89 per share, reflecting a routine insider sale following option exercises rather than a new open-market purchase of additional shares.

At what prices were FedEx (FDX) options exercised by EVP Preet Kawal?

Kawal exercised two tranches of non-qualified stock options covering 3,390 shares at $207.305 per share and 1,510 shares at $214.000 per share. These exercises converted previously granted derivative awards into FedEx common stock before his subsequent sale transaction.

How many FedEx (FDX) shares does EVP Preet Kawal hold after these transactions?

Following the reported option exercises and sale, Preet Kawal directly holds 10,953 shares of FedEx common stock. This figure reflects his remaining ownership after exercising 4,900 option-based shares and selling 4,900 shares in the same reporting period.

Were the FedEx (FDX) insider transactions by Preet Kawal option-related?

Yes. The Form 4 shows that Kawal’s activity centered on non-qualified stock options that vest over four years. He exercised options for 4,900 shares and then sold 4,900 common shares, a common pattern for monetizing equity compensation awards.