CSX CORP — Director's Dealing 2025

Oct 22, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CSX CORP (CSX)
CIK: 0000277948
Period of Report: 2025-10-20

Reporting Person: Burns Michael S. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-20	Common Stock	M	13107	$17.94	Acquired	64747	Direct
2025-10-20	Common Stock	M	11142	$22.70	Acquired	75889	Direct
2025-10-20	Common Stock	S	24249	$36.76	Disposed	51640	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-20	Option	$17.94	M	13107	Disposed	2028-02-06	Common Stock (13107)	Direct
2025-10-20	Option	$22.70	M	11142	Disposed	2029-02-06	Common Stock (11142)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1769	Indirect

Footnotes

F1: Includes 704 shares acquired under the CSX Employee Stock Purchase Plan in June 30, 2025.

F2: The total number of shares beneficially owned is being updated to reflect that certain shares were mistakenly incorrectly reported on the Reporting Person's Form 3 filed on January 10, 2025.

F3: Weighted average price, as these shares were sold in multiple transactions at prices ranging from $36.76 to $36.77, 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.

F4: By Trustee, CSX Corporation Savings Thrift Plan. The number reflects equivalent shares of case value held in the CSX Stock Fund, which amounts will fluctuate dependent upon the daily net asset value of the fund.