CSX CORP — Director's Dealing 2025

Oct 24, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSX CORP (CSX)
CIK: 0000277948
Period of Report: 2025-10-22

Reporting Person: Boone Kevin S. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-22	Common Stock	M	15969	$17.59	Acquired	213490	Direct
2025-10-22	Common Stock	M	15084	$17.94	Acquired	228574	Direct
2025-10-22	Common Stock	S	31053	$36.09	Disposed	197521	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-22	Option	$17.59	M	15969	Disposed	2027-10-01	Common Stock (15969)	Direct
2025-10-22	Option	$17.94	M	15084	Disposed	2028-02-06	Common Stock (15084)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1740	Indirect
Common Stock	1500	Indirect

Footnotes

F1: Includes 678 shares acquired under the CSX Employee Stock Purchase Plan on June 30, 2025.

F2: Weighted average price, as these shares were sold in multiple transactions at prices ranging from $36.09 to $36.10, inclusive. The Reporting Person undertakes to provide to CSX Corporation, any security holder of CSX Corporation, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of cash value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund.

F4: The original exercise price of the option was $52.78. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjusted price of $17.59.

F5: On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjustment to the number of shares subject to the option from 5,323 shares to 15,969 shares.

F6: The original exercise price of the option was $53.82. On June 28, 2021, the common stock of CSX Corporation split 3-for-1 resulting in an adjusted price of $17.94.

F7: One June 28, 2021, the common stock of CSX Corporation spilt 3-for-1 resulting in an adjustment to the number of shares subject to the option from 5,028 shares to 15,084 shares.