3M Company Enters Expanded Strategic Commercial Relationship With Amazon Subsidiary On Oct 19, 2026; Issues Warrant To Amazon Subsidiary For 3,162,015 Shares At $164.89 Per Share; 85% Of Warrant Shares Vest With Amazon Payments; Full Vesting At $6B Cumulative Payments

On October 19, 2026, 3M Company ("3M") entered into an expanded strategic commercial relationship with a wholly-owned subsidiary of Amazon.com, Inc. ("Amazon"). 3M has issued a warrant (the "Warrant") to a separate wholly-owned subsidiary of Amazon to purchase up to 3,162,015 shares (the "Warrant Shares") of 3M common stock over a seven year period, at a purchase price per common share of $164.89. 85% of the Warrant Shares will vest subject to payments from Amazon for optical connectivity and other Data Center products, with full vesting once cumulative payments reach $6 billion, and the remaining Warrant Shares vesting subject to event-based milestones.