TopBuild Announces Blackout Period for 401(k) Plan Ahead of QXO Merger

TopBuild Corp. filed an 8-K reporting a temporary suspension of trading under its employee benefit plans in connection with the company's pending acquisition by QXO, Inc. The filing discloses that participants in the TopBuild 401(k) Plan will be subject to a blackout period exceeding three consecutive business days from June 24, 2026, to approximately July 18, 2026. During the pre-merger portion of this blackout period (until July 1, 2026), directors and executive officers are prohibited from trading TopBuild equity securities acquired in connection with their service. The restrictions are required under Section 306 of the Sarbanes-Oxley Act and Regulation BTR. The blackout period is necessary to facilitate reconciliation and allocation of merger proceeds and related recordkeeping for the plan's TopBuild Stock Fund, which will be converted to a QXO Stock Fund upon completion of the merger.