RYDER SYSTEM INC — Director's Dealing 2025

May 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RYDER SYSTEM INC (R)
CIK: 0000085961
Period of Report: 2025-05-20

Reporting Person: SANCHEZ ROBERT E (Director, Chair and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-20	common stock	M	18496	$55.32	Acquired	59320	Direct
2025-05-20	common stock	S	18496	$155.73	Disposed	40824	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-20	Stock Option (right to buy)	$55.32	M	18496	Disposed	2026-02-09	common stock (18496)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common stock	449953	Indirect
common stock	28143	Indirect
common stock	3671	Indirect

Footnotes

F1: This reflects the weighted average price at which the shares were sold. The sale price ranged from $155.02 to $157.01. The reporting person will provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.

F2: The options vested in accordance with the following schedule: 40,979 shares vested on February 10, 2017; 40,978 shares vested on February 10, 2018; and 40,978 shares vested on February 10, 2019.