FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

JESSELSON MICHAEL G
2. Issuer Name and Ticker or Trading Symbol

XPO, Inc. [ XPO ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O XPO, INC., FIVE AMERICAN LANE
3. Date of Earliest Transaction (MM/DD/YYYY)

1/3/2023
(Street)

GREENWICH, CT 06831
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 1/3/2023  M  4040 A$0 37971 D (1) 
Common Stock, par value $0.001 per share         6000 I See footnote (2)
Common Stock, par value $0.001 per share         201001 I See footnote (3)
Common Stock, par value $0.001 per share         8000 I See footnote (4)
Common Stock, par value $0.001 per share         8000 I See footnote (5)
Common Stock, par value $0.001 per share         8000 I See footnote (6)
Common Stock, par value $0.001 per share         21057 I See footnote (7)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit  (8)1/3/2023  M     4040   (9) (9)Common Stock, par value $0.001 per share 4040.0 (10)$0 0 D  
Restricted Stock Unit  (8)1/3/2023  A   5480     (11) (11)Common Stock, par value $0.001 per share 5480.0 $0 5480 D  
Restricted Stock Unit  (8)           (12) (12)Common Stock, par value $0.001 per share 10442.0 (10) 10442 (10)D  
Restricted Stock Unit  (8)           (13) (13)Common Stock, par value $0.001 per share 5446.0 (10) 5446 (10)D  

Explanation of Responses:
(1) 5,000 of these securities are held in an individual retirement account of Michael G. Jesselson.
(2) Michael G. Jesselson's spouse is the direct beneficial owner of these securities.
(3) The Michael G. Jesselson 12/18/80 Trust and the Michael G. Jesselson 4/8/71 Trust are the direct beneficial owners of these securities. Michael G. Jesselson is the beneficiary of each of these trusts.
(4) These securities are held by the JJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
(5) These securities are held by the RAJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
(6) These securities are held by the SJJ Irrevocable Trust, of which Michael G. Jesselson is a trustee.
(7) The Michael G. Jesselson and Linda Jesselson, Trustees UID 6/30/93 FBO Maya Ariel Ruth Jesselson is the direct beneficial owner of these securities. Michael G. Jesselson is a trustee of the trust.
(8) Each Restricted Stock Unit ("RSU") represents a contingent right to receive, upon settlement, either (i) one share of Common Stock or (ii) a cash payment equal to the fair market value of one share of Common Stock.
(9) The RSUs vested in full on January 3, 2023.
(10) Reflects previously granted RSUs with adjustments to the number of shares of Common Stock underlying such RSUs to maintain the economic value of the shares of Common Stock underlying the RSUs prior to the Issuer's spin-off of its tech-enabled brokered transportation platform on November 1, 2022 (the "Spin-off"). These previously granted RSUs have the same vesting and other applicable terms and conditions as they did immediately prior to the Spin-Off.
(11) The RSUs shall vest in full on January 2, 2024, subject to the Reporting Person's continued service as a director of the Issuer.
(12) The RSUs vested in full on January 3, 2018 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.
(13) The RSUs vested in full on January 2, 2019 and are subject to a deferral election. Shares of Common Stock will be delivered to the Reporting Person as per the terms of the deferral election.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
JESSELSON MICHAEL G
C/O XPO, INC.
FIVE AMERICAN LANE
GREENWICH, CT 06831
X



Signatures
/s/ Riina Tohvert, Attorney-in-Fact1/5/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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