AMERICAN EXPRESS CO — Director's Dealing 2025

Nov 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2025-10-31

Reporting Person: Rutledge Elizabeth (Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-31	Common Stock	M	50000	$65.43	Acquired	135576.72	Direct
2025-10-31	Common Stock	S	1083	$356.94	Disposed	134493.72	Direct
2025-10-31	Common Stock	S	4971	$358.10	Disposed	129522.72	Direct
2025-10-31	Common Stock	S	4234	$359.04	Disposed	125288.72	Direct
2025-10-31	Common Stock	S	15532	$360.09	Disposed	109756.72	Direct
2025-10-31	Common Stock	S	15196	$360.79	Disposed	94560.72	Direct
2025-10-31	Common Stock	S	8984	$361.57	Disposed	85576.72	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-31	Employee Stock Option (Right to Buy)	$65.43	M	50000	Disposed	2026-04-29	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2171.23	Indirect

Footnotes

F1: The transactions reported on this Form 4 were effected pursuant to a 10b5-1 Trading Plan adopted by the reporting person on July 25, 2025.

F2: Includes shares acquired pursuant to dividend reinvestment.

F3: The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $356.61 to $357.38. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F4: The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $357.65 to $358.55. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F5: The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $358.56 to $359.51. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F6: The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $359.52 to $360.49. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F7: The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $360.49 to $361.11. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F8: The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were sold in multiple transactions at prices ranging from $361.12 to $361.96. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F9: Shares held in reporting person's account under the Company's Retirement Savings Plan. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.

F10: The option vested in three installments based upon the satisfaction of performance criteria specified for the award at the time of grant: 60% on April 29, 2018, 20% on April 29, 2019 and 20% on April 29, 2020.