FDX insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Joshua Ramo Director	2,436	$285.40	18%	11K	Sep 24, 2026	Sep 25, 2026

What stands out

Two insiders sold more than 25% of vested holdings: Kawal Preet (45% of holdings, $1.8M, none under a disclosed plan) and Paul Walsh (31% of holdings, $1.6M, none under a disclosed plan).Kawal Preet: largest sale, Apr 14, 2026 · Paul Walsh: largest sale, Jun 30, 2026

Three insiders sold $15.8M with no disclosed plan: Gina Adams ($7.5M), Tracy Brightman ($6.2M) and Susan Schwab ($2.1M). The filings don't state a reason.Gina Adams: largest such sale, Apr 14, 2026 · Tracy Brightman: largest such sale, Apr 15, 2026 · Susan Schwab: largest such sale, Apr 15, 2026

Brie Carere sold 2.7K shares (10% of starting holdings), but 4.7K more vested, so the stake grew (from 26K to 28K).Largest sale, Apr 14, 2026

Percentages cover 21 of 26 officers and directors. 5 are left out

Left out: Richard Smith (holdings couldn't be fully reconciled); Gina Adams, Tracy Brightman and Susan Schwab (most of their shares vested during the period, so a percentage would mislead); Mark Edmunds (held no vested shares at the start).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Gina Adams

EVP Genl Counsel/Secty

Sold 46% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$7.5MNo plan disclosed

Tracy Brightman

EVP - Chief People Officer

Sold 52% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$6.2MNo plan disclosed

Susan Schwab

Director

Sold 37% of the shares held or received (after tax withholding) during the period†. No bar against the starting stake: most of these shares arrived during the period.

$2.1MNo plan disclosed

Kawal Preet

EVP - Plng, Eng, & Transfmtn

Sold 45%, but 4.9K shares were added (mostly vesting), so the stake grew

45% · $1.8MNo plan disclosed

Paul Walsh

Director

Sold 31%, but 5K shares were added (mostly vesting), so the stake grew

31% · $1.6MNo plan disclosed

All 6 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Common questions

Is the FedEx CEO selling stock?

No. Richard Smith reported no open-market sales in the past 12 months.

Why are FedEx insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any FedEx insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did FedEx insiders sell?

Less than 0.1% overall. As a group they ended with more shares than they started with. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold6 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Gina Adams EVP Genl Counsel/Secty	$7.5M 20K shares	46%† i † Most of the shares Gina Adams sold arrived during the period, so this is shares sold as a share of the 19K held at the start plus the 25K received, less 0 withheld by the company for taxes.	No plan disclosed
Tracy Brightman EVP - Chief People Officer	$6.2M 17K shares	52%† i † Most of the shares Tracy Brightman sold arrived during the period, so this is shares sold as a share of the 16K held at the start plus the 17K received, less 0 withheld by the company for taxes.	No plan disclosed
Susan Schwab Director	$2.1M 5.8K shares	37%† i † Most of the shares Susan Schwab sold arrived during the period, so this is shares sold as a share of the 10K held at the start plus the 5.8K received, less 0 withheld by the company for taxes.	No plan disclosed
Kawal Preet EVP - Plng, Eng, & Transfmtn	$1.8M 4.9K shares	45%	No plan disclosed
Paul Walsh Director	$1.6M 5K shares	31%	No plan disclosed
Brie Carere EVP/Chief Customer Officer	$999K 2.7K shares	10%	No plan disclosed

The full ownership picture25 of 26 insiders fully reconciled · 26 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Frederick Smith

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Executive Chairman, Director

19.34M

no sales

Vesting, gifts, unvested awards and holding lines for Frederick Smith

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	14,289,514	14,289,514
Family Holding Company	Common Stock	4,141,280	4,141,280
GRATs	Common Stock	903,618	903,618
Retirement Plan	Common Stock	2,734	2,734
Spouse	Common Stock	736	736

Additional holdings last reported May 3, 2012, not confirmed since: 532,291 shares. Not included in any total or percentage on this page.

trust for benefit of Mr. Smith's children, Common Stock: 205,856 shares, last reported Dec 30, 2008
Trust for Benefit of Mr. Smith's Child, Common Stock: 120,579 shares, last reported May 3, 2012
daughter, Common Stock: 102,928 shares, last reported Jan 3, 2006
son, Common Stock: 102,928 shares, last reported Jan 3, 2006

Richard Smith

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +6,481 shares on Jan 7, 2026 (Direct). See the filing Sales and other transactions for Richard Smith are complete.

COO INTL - CEO Airline FEC, Director

n/a

Vesting, gifts, unvested awards and holding lines for Richard Smith

+3.8Kshares vested or exercised

+2.3Kgifted (net of own trusts)

−2.2Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +6,481 shares on Jan 7, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	97,951	113,629
Family Holding Company	Common Stock	253,927	0
Family Trusts	Common Stock	80,200	79,600

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
11,126	$292.13	Jun 27, 2034	$361K
16,105	$223.06	Jun 26, 2035	$1.6M
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Rajesh Subramaniam

Includes unvested RSUs, amount not disclosed.

President/CEO, Director

124K

149K

no sales

Vesting, gifts, unvested awards and holding lines for Rajesh Subramaniam

+35Kshares vested or exercised

0gifted (net of own trusts)

−24Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	80,876	105,683
Family Trust	Common Stock	43,032	43,032

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
34,485	$292.13	Jun 27, 2034	$1.1M
49,865	$223.06	Jun 26, 2035	$5.1M
10,725	$323.62	Jun 25, 2036	$10K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Brad Martin

Minor difference of 4 shares. Difference is under 0.5% of holdings. Includes unvested RSUs, amount not disclosed.

Executive Chairman, Director

82K

100K

no sales

Vesting, gifts, unvested awards and holding lines for Brad Martin

+15Kshares vested or exercised

0gifted (net of own trusts)

−10Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	15,348	49,550
GRATs	Common Stock	55,000	38,440
R. Brad Martin Family Foundation	Common Stock	7,250	7,250
Spouse	Common Stock	2,100	2,100
Child's Trust 1	Common Stock	750	750
Child's Trust 2	Common Stock	750	750
Child's Trust 3	Common Stock	750	750

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
18,738	$236.88	Sep 29, 2035	$1.6M

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Reconciliation: minor difference of 4 shares. Difference is under 0.5% of holdings.

John Smith

COO - US&Can Fec

33K

no sales

Vesting, gifts, unvested awards and holding lines for John Smith

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	29,672	29,672
Smith Living Trust	Common Stock	3,363	3,363

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
11,126	$292.13	Jun 27, 2034	$361K
16,105	$223.06	Jun 26, 2035	$1.6M

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Brie Carere

Includes unvested RSUs, amount not disclosed.

EVP/Chief Customer Officer

26K

−2.7K

28K

+7.7%

Vesting, gifts, unvested awards and holding lines for Brie Carere

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	26,262	28,296

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
11,126	$292.13	Jun 27, 2034	$361K
16,105	$223.06	Jun 26, 2035	$1.6M
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Gina Adams

Includes unvested RSUs, amount not disclosed.

EVP Genl Counsel/Secty

19K

−20K

24K

not meaningful

Vesting, gifts, unvested awards and holding lines for Gina Adams

+20Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	19,403	24,137

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
5,035	$207.31	Jun 12, 2027	$590K
3,820	$261.78	Jun 11, 2028	$240K
2,830	$294.61	Jun 14, 2031	$85K
3,685	$226.94	Jun 30, 2032	$360K
3,155	$229.59	Jun 22, 2033	$300K
2,210	$292.13	Jun 27, 2034	$72K
10,791	$258.12	Sep 23, 2034	$717K
16,105	$223.06	Jun 26, 2035	$1.6M
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Sriram Krishnasamy

EVP CDI Off & CTO/CEO FDW

19K

no sales

Vesting, gifts, unvested awards and holding lines for Sriram Krishnasamy

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	18,571	18,571

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
11,126	$292.13	Jun 27, 2034	$361K
15,000	$310.88	Jul 17, 2034	$205K
16,105	$223.06	Jun 26, 2035	$1.6M

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Paul Walsh

Minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

16K

−5K

16K

+0.1%

Vesting, gifts, unvested awards and holding lines for Paul Walsh

+5Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	16,348	16,359

Reconciliation: minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Tracy Brightman

Includes unvested RSUs, amount not disclosed.

EVP - Chief People Officer

16K

−17K

16K

not meaningful

Vesting, gifts, unvested awards and holding lines for Tracy Brightman

+12Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	16,146	15,786

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,335	$226.94	Jun 30, 2032	$130K
7,719	$229.59	Jun 22, 2033	$733K
8,345	$292.13	Jun 27, 2034	$271K
16,105	$223.06	Jun 26, 2035	$1.6M
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

John Dietrich

EVP Chief Financial Off

16K

no sales

Vesting, gifts, unvested awards and holding lines for John Dietrich

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	15,662	15,662

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
13,933	$292.13	Jun 27, 2034	$452K
20,135	$223.06	Jun 26, 2035	$2.0M

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Scott Ray

Includes unvested RSUs, amount not disclosed. Started reporting during the period; starting holdings are from the Form 3.

COO, U.S. & Canada

15K

19K

no sales

Vesting, gifts, unvested awards and holding lines for Scott Ray

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	14,642	19,376

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
6,017	$103.38	Jun 15, 2030	$1.3M
2,210	$232.55	Jun 14, 2031	$203K
1,118	$194.50	Dec 10, 2031	$145K
9,615	$179.14	Jun 30, 2032	$1.4M
8,225	$181.23	Jun 22, 2033	$1.2M
5,884	$230.59	Jun 27, 2034	$553K
8,500	$176.07	Jun 26, 2035	$1.3M
967	$286.31	Mar 23, 2036	$37K
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Kawal Preet

Includes unvested RSUs, amount not disclosed.

EVP - Plng, Eng, & Transfmtn

11K

−4.9K

16K

+43%

Vesting, gifts, unvested awards and holding lines for Kawal Preet

+4.9Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	10,953	15,687

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
3,710	$261.78	Jun 11, 2028	$233K
4,940	$294.61	Jun 14, 2031	$148K
6,435	$226.94	Jun 30, 2032	$628K
5,507	$229.59	Jun 22, 2033	$523K
4,645	$292.13	Jun 27, 2034	$151K
6,710	$223.06	Jun 26, 2035	$681K
3,123	$236.88	Sep 29, 2035	$274K
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Susan Schwab

Minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

10K

−5.8K

10K

not meaningful

Vesting, gifts, unvested awards and holding lines for Susan Schwab

+5.8Kshares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	10,034	10,038

Reconciliation: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Vishal Talwar

Includes unvested RSUs, amount not disclosed.

EVP Cdio & President Fdw

9.3K

16K

no sales

Vesting, gifts, unvested awards and holding lines for Vishal Talwar

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	9,302	15,525

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,704	$228.22	Sep 22, 2035	$1.5M
3,478	$323.62	Jun 25, 2036	$3K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Marvin Ellison

Minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

8.8K

12K

no sales

Vesting, gifts, unvested awards and holding lines for Marvin Ellison

+5Kshares vested or exercised

0gifted (net of own trusts)

−2.1Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	8,850	11,806

Reconciliation: minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Joshua Ramo

Minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

8.5K

11K

no sales

Vesting, gifts, unvested awards and holding lines for Joshua Ramo

+5Kshares vested or exercised

0gifted (net of own trusts)

−2.4Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	8,506	11,123

Reconciliation: minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Susan Griffith

Minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

9.4K

no sales

Vesting, gifts, unvested awards and holding lines for Susan Griffith

+4.1Kshares vested or exercised

0gifted (net of own trusts)

−2.8Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	7,042	8,365
Susan P Griffith Living Trust	Common Stock	1,000	1,000

Reconciliation: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Amy Lane

Director

5.2K

no sales

Vesting, gifts, unvested awards and holding lines for Amy Lane

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	4,907	4,907
Trusts	Common Stock	333	333

Frederick Perpall

Director

3.8K

no sales

Vesting, gifts, unvested awards and holding lines for Frederick Perpall

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	3,793	3,793

Stephen Gorman

Minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Director

3.6K

6.6K

no sales

Vesting, gifts, unvested awards and holding lines for Stephen Gorman

+4.7Kshares vested or exercised

0gifted (net of own trusts)

−1.8Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	3,606	6,552

Reconciliation: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Claude Russ

Includes unvested RSUs, amount not disclosed. Started reporting during the period; starting holdings are from the Form 3.

Interim CFO & Interim CAO

3.5K

5.2K

no sales

Vesting, gifts, unvested awards and holding lines for Claude Russ

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	3,542	5,177

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,850	$206.64	Jun 11, 2028	$336K
3,585	$232.55	Jun 14, 2031	$330K
2,008	$179.14	Jun 30, 2032	$292K
3,997	$181.23	Jun 22, 2033	$573K
4,707	$230.59	Jun 27, 2034	$442K
6,803	$176.07	Jun 26, 2035	$1.0M
772	$323.62	Jun 25, 2036	$726

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Silvia Davila

Director

no sales

Vesting, gifts, unvested awards and holding lines for Silvia Davila

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	2,967	2,967

Nancy Norton

Director

2.3K

no sales

Vesting, gifts, unvested awards and holding lines for Nancy Norton

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	2,348	2,348

Guy Erwin II

CVP Chief Accounting Officer

2.1K

3.5K

no sales

Vesting, gifts, unvested awards and holding lines for Guy Erwin II

+5.3Kshares vested or exercised

0gifted (net of own trusts)

−3.9Kwithheld by the company for taxes

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	2,085	3,478

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
774	$226.94	Jun 30, 2032	$76K
1,324	$229.59	Jun 22, 2033	$126K
1,658	$292.13	Jun 27, 2034	$54K
3,220	$223.06	Jun 26, 2035	$327K

Estimate: options held × ($324.56 − strike price), using the most recent insider trade price on Form 4 (Jun 30, 2026), not a market close.

Mark Edmunds

Director

187

no sales

Vesting, gifts, unvested awards and holding lines for Mark Edmunds

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	0	187

25 of 26 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (18 exactly, 7 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 21 of 26 officers and directors. Left out: Richard Smith (holdings couldn't be fully reconciled); Gina Adams, Tracy Brightman and Susan Schwab (most of their shares vested during the period, so a percentage would mislead); Mark Edmunds (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$20.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $20.2M across 55,846 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $20.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $7.5M of it is Gina Adams. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Gina Adams, Apr 14, 2026

Taxes

49,886 shares ($18.6M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Gina Adams EVP Genl Counsel/Secty	20K	$7.5M	0%	37%	Apr 14, 2026 to Apr 14, 2026
Tracy Brightman EVP - Chief People Officer	17K	$6.2M	0%	30%	Apr 15, 2026 to Apr 15, 2026
Susan Schwab Director	5.8K	$2.1M	0%	11%	Apr 15, 2026 to Apr 15, 2026
Kawal Preet EVP - Plng, Eng, & Transfmtn	4.9K	$1.8M	0%	9%	Apr 14, 2026 to Apr 14, 2026
Paul Walsh Director	5K	$1.6M	0%	8%	Jun 30, 2026 to Jun 30, 2026
Brie Carere EVP/Chief Customer Officer	2.7K	$999K	0%	5%	Apr 14, 2026 to Apr 14, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$0	$0	$0	$0
Apr 2026	$18.6M	$0	$0	$18.6M
May 2026	$0	$0	$0	$0
Jun 2026	$1.6M	$0	$0	$1.6M
Jul 2026	$0	$0	$0	$0
Aug 2026	$0	$0	$0	$0
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about a third of the 5-year average. 6 insiders sold; the average is 11 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	56K	6	$20.2M
Oct 8, 2025 1 year earlier	154K	9	$32.7M
Oct 8, 2024 2 years earlier	267K	14	$76.1M
Oct 9, 2023 3 years earlier	206K	11	$48.6M
Oct 9, 2022 4 years earlier	54K	5	$12.3M
Oct 9, 2021 5 years earlier	279K	14	$81.4M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Richard Smith: holdings couldn't be fully reconciled (difference of 6,481 shares). Balance changed with no matching transaction and no footnote: +6,481 shares on Jan 7, 2026 (Direct). Filing, Jan 7, 2026

Brad Martin: minor difference of 4 shares. Difference is under 0.5% of holdings.

Paul Walsh: minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Susan Schwab: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Marvin Ellison: minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Joshua Ramo: minor difference of 11 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Susan Griffith: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Stephen Gorman: minor difference of 4 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Inferred rename: "family holding co" is treated as the same holder as "family holding company", because the old name was never reported again and the new one opened with the same balance (4,141,280 shares). Old name, new name

Inferred rename: "Trust" is treated as the same holder as "Susan B. Graf Trust", because the old name was never reported again and the new one opened with the same balance (7,400 shares). Old name, new name

Inferred rename: "Susan B. Graf Trust" is treated as the same holder as "Susan M. Graf Trust", because the old name was never reported again and the new one opened with the same balance (7,400 shares). Old name, new name

Inferred rename: "(1)(2)" is treated as the same holder as "daughters, trusts and family partnership", because the old name was never reported again and the new one opened with the same balance (40,984 shares). Old name, new name

Inferred rename: "Spouse (2)" is treated as the same holder as "Spouse", because the old name was never reported again and the new one opened with the same balance (800 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,221 filings from SEC EDGAR, and how we read them

All 1,221 Forms 3, 4 and 5 filed for FedEx (SEC CIK 1048911) from Nov 28, 2000 to Sep 25, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 2 filings were left out because FedEx filed them as an owner of another company's stock. 9 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (43)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
David Steiner	Sep 24, 2024	36,490 shares, last reported balance as of Sep 23, 2024
Robert Carter	Jul 1, 2024	62,830 shares, last reported balance as of Jun 28, 2024
Mark Allen	Jul 1, 2024	35,368 shares, last reported balance as of Jun 28, 2024
Jennifer Johnson	Oct 6, 2023	3,428 shares, last reported balance as of Oct 6, 2023
Michael Lenz	Jul 20, 2023	22,288 shares, last reported balance as of Jul 20, 2023
Kim Jabal	Sep 27, 2022	3,213 shares, last reported balance as of Feb 12, 2021
Vincenzo Vena	Sep 27, 2022	2,451 shares, last reported balance as of Sep 26, 2022
Jill Brannon	Aug 5, 2022	15,998 shares, last reported balance as of Aug 5, 2022
Donald Colleran	Jul 1, 2022	46,089 shares, last reported balance as of Jun 30, 2022
Lance Moll	Jul 1, 2022	7,135 shares, last reported balance as of Jun 30, 2022
Shirley Jackson	Sep 28, 2021	8,809 shares, last reported balance as of May 5, 2021
John Merino	Jun 15, 2021	7,965 shares, last reported balance as of Jun 14, 2021
Henry Maier	May 7, 2021	40,667 shares, last reported balance as of May 5, 2021
John Inglis	Dec 23, 2020	5,896 shares, last reported balance as of Dec 22, 2020
Alan Graf Jr.	Jun 16, 2020	245,028 shares, last reported balance as of Jun 15, 2020
John Edwardson	Mar 20, 2020	82,966 shares, last reported balance as of Mar 20, 2020
David Bronczek	Jun 12, 2018	53,006 shares, last reported balance as of Jun 11, 2018
Michael Ducker	Jun 12, 2018	54,876 shares, last reported balance as of Jun 11, 2018
David Cunningham Jr.	Jun 12, 2018	28,580 shares, last reported balance as of Jun 11, 2018
James Barksdale	Jan 5, 2018	51,200 shares, last reported balance as of Jan 4, 2018
Christine Richards	Jun 13, 2017	100,601 shares, last reported balance as of Jun 12, 2017
Michael Glenn	Jun 8, 2016	214,979 shares, last reported balance as of Jun 6, 2016
Gary Loveman	Sep 28, 2015	16,854 shares, last reported balance as of Mar 15, 2011
William Logue	Dec 22, 2014	34,578 shares, last reported balance as of Dec 19, 2014
Steven Loranger	Sep 24, 2013	7,800 shares, last reported balance as of Oct 31, 2008
Joshua Smith	Jul 17, 2013	8,458 shares, last reported balance as of Jul 16, 2013
David Rebholz	Dec 21, 2012	29,383 shares, last reported balance as of Dec 20, 2012
Joseph Hyde III	Sep 29, 2010	132,000 shares, last reported balance as of Apr 29, 2009
Judith Estrin	Jul 29, 2010	50,000 shares, last reported balance as of Jul 28, 2010
Douglas Duncan	Jun 10, 2009	62,611 shares, last reported balance as of Jun 8, 2009
August Busch IV	Oct 1, 2008	4,000 shares, last reported balance as of Dec 20, 2004
Peter Willmott	Oct 1, 2008	106,690 shares, last reported balance as of Mar 25, 2008
Philip Greer	Sep 22, 2008	167,858 shares, last reported balance as of Sep 19, 2008
Charles Manatt	Sep 26, 2007	5,000 shares, last reported balance as of Sep 27, 2004
Kenneth May	Jul 11, 2007	25,238 shares, last reported balance as of Jul 9, 2007
Daniel Sullivan	Oct 2, 2006	131,821 shares, last reported balance as of Sep 29, 2006
Kenneth Glass	Sep 26, 2006	5,000 shares, last reported balance as of Dec 31, 2003
Gary Kusin	Jan 31, 2006	4,298 shares, last reported balance as of Jan 31, 2006
Kenneth Masterson	Dec 22, 2004	105,032 shares, last reported balance as of Dec 22, 2004
James Hudson	Oct 15, 2003	43,055 shares, last reported balance as of Oct 15, 2003
George Mitchell	Sep 30, 2003	No balance on record
GARRISON F S	Sep 26, 2003	1,805,041 shares, last reported balance as of Sep 25, 2003
Ralph Denunzio	Aug 13, 2003	18,100 shares, last reported balance as of Aug 11, 2003

FedEx insiders sold $20.2M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the FedEx CEO selling stock?

Why are FedEx insiders selling?

Are any FedEx insiders buying?

How much of their stake did FedEx insiders sell?

The evidence

No plan disclosed · $20.2M

Taxes

Sales by month