Arxis officer adds IPO grant and share purchase
Arxis, Inc. officer Badakhsh Azad Sid increased his direct stake in Class A Common Stock through an IPO-related equity award and a share purchase.
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Rhea-AI Filing Summary
Arxis, Inc. officer Badakhsh Azad Sid increased his direct stake in Class A Common Stock through an IPO-related equity award and a share purchase. He received an award covering 367,864 shares of restricted stock, of which 331,080 shares remain subject to time-vesting conditions.
He also made an open-market-style purchase of 36,000 Class A shares at $28.00 per share through the directed share program tied to the company’s initial public offering. Following these transactions, he directly holds a total of 403,864 Class A shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 36,000 | $28.00 | $1.01M |
| Grant/Award | Class A Common Stock | 367,864 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents shares of Class A Common Stock subject to an award of restricted stock, of which 331,080 shares remain subject to time-vesting conditions. The award was issued in replacement of equity interests in a subsidiary of the Issuer with equivalent value as a result of the reorganization of the Issuer effected in connection with the Issuer's initial public offering.
- F2. Represents shares of Class A Common Stock purchased by the Reporting Person through the directed share program conducted in connection with the Issuer's initial public offering.
Key Figures
Key Terms
restricted stock financial
time-vesting conditions financial
initial public offering financial
FAQ
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What insider transactions did Badakhsh Azad Sid report at Arxis (ARXS)?
What is the size of the restricted stock award reported for Arxis (ARXS)?
Why did Arxis (ARXS) issue the restricted stock award to Badakhsh Azad Sid?
What portion of the Arxis (ARXS) restricted stock remains unvested?
AI-generated analysis. How Rhea-AI works. Not financial advice.