Neil S. Novich - Apr 29, 2025 Form 4 Insider Report for QXO BUILDING PRODUCTS, INC. (BECN)

Role
Director
Signature
/s/ Christine E. Reddy, Attorney-in-Fact
Stock symbol
BECN
Transactions as of
Apr 29, 2025
Transactions value $
-$6,144,880
Form type
4
Date filed
4/29/2025, 01:26 PM
Previous filing
Apr 2, 2025
Next filing
May 2, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BECN Common Stock, $0.01 par value Disposed to Issuer -$3.44M -27.6K -100% $124.35 0 Apr 29, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BECN Restricted Stock Units (RSUs) Disposed to Issuer -$2.53M -20.4K -100% $124.35 0 Apr 29, 2025 Common Stock, $0.01 par value 20.4K Direct F2, F3
transaction BECN Restricted Stock Units (RSUs) Disposed to Issuer -$174K -1.4K -100% $124.35 0 Apr 29, 2025 Common Stock, $0.01 par value 1.4K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Neil S. Novich is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to an Agreement and Plan of Merger dated as of March 20, 2025 (the "Merger Agreement") by and among Beacon Roofing Supply, Inc. (the "Company"), QXO, Inc.("QXO") and Queen MergerCo, Inc., a wholly owned subsidiary of QXO (the "Merger Sub"), the Merger Sub merged with and into the Company. Pursuant to the terms of the Merger Agreement, each share of Common Stock of the Company held by the Reporting Person was converted into the right to receive $124.35 in cash.
F2 Each RSU represented a contingent right to receive one (1) share of Common Stock of the Company.
F3 Pursuant to the terms of the Merger Agreement, each vested RSU held by the Reporting Person was converted into the right to receive $124.35 in cash. All such RSUs were fully vested prior to the date of the Merger Agreement, with retirement from the board the sole condition to settlement.
F4 Pursuant to the terms of the Merger Agreement, each unvested RSU held by the Reporting Person was converted into the right to receive $124.35 in cash. The RSUs were scheduled to vest on the date referenced in column 6.