Arxis (ARXS) officer receives IPO grant and buys 36,000 shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 36,000 shares ($1,008,000)
Net Buy
2 txns
Insider
Badakhsh Azad Sid
Role
See Remarks
Bought
36,000 shs ($1.01M)
| 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 | -- |
Holdings After Transaction:
Class A Common Stock — 403,864 shares (Direct, null)
Footnotes (1)
- 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. 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
Restricted stock award: 367,864 shares
Unvested restricted shares: 331,080 shares
Open-market-style purchase: 36,000 shares at $28.00/share
+1 more
4 metrics
Restricted stock award
367,864 shares
Class A Common Stock grant replacing subsidiary equity in IPO reorganization
Unvested restricted shares
331,080 shares
Remain subject to time-vesting conditions within the award
Open-market-style purchase
36,000 shares at $28.00/share
Class A Common Stock bought via IPO directed share program
Post-transaction holdings
403,864 shares
Total Class A Common Stock directly held after reported transactions
Key Terms
restricted stock, time-vesting conditions, directed share program, initial public offering
4 terms
restricted stock financial
"Represents shares of Class A Common Stock subject to an award of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
time-vesting conditions financial
"331,080 shares remain subject to time-vesting conditions"
initial public offering financial
"reorganization of the Issuer effected in connection with the Issuer's initial public offering"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
FAQ
What insider transactions did Badakhsh Azad Sid report at Arxis (ARXS)?
Badakhsh Azad Sid reported receiving a grant of 367,864 shares of Class A Common Stock as restricted stock and purchasing 36,000 additional shares at $28.00 each. After these acquisitions, he directly holds a total of 403,864 Class A shares.
What is the size of the restricted stock award reported for Arxis (ARXS)?
The restricted stock award covers 367,864 shares of Arxis Class A Common Stock. According to the filing, 331,080 of those shares remain subject to time-vesting conditions, replacing equivalent-value equity interests in a subsidiary following the IPO-related reorganization.
Why did Arxis (ARXS) issue the restricted stock award to Badakhsh Azad Sid?
The restricted stock award was issued to replace equity interests in a subsidiary of Arxis with equivalent value. This replacement occurred as part of a reorganization completed in connection with Arxis’s initial public offering, aligning prior subsidiary interests with Class A Common Stock.
What portion of the Arxis (ARXS) restricted stock remains unvested?
Out of the 367,864 restricted shares granted, 331,080 remain subject to time-vesting conditions. This means those shares will vest over time rather than immediately, tying the officer’s equity compensation to continued service following the IPO-related reorganization.