Churchill Capital Corp X (CCCX) director reports indirect stakes
Rhea-AI Filing Summary
Churchill Capital Corp X/Cayman director David B. Singer filed an initial Form 3 reporting indirect holdings of the company’s common stock. The shares are held by several investment entities, including Maverick Long Fund, Maverick Fund II, Maverick Advisors Fund, Maverick Designated Investments Fund, Maverick Ventures Investment Fund, and Maverick Silicon Fund.
The filing notes that Singer may have a pecuniary interest in these securities through carried interest or management roles but disclaims beneficial ownership for regulatory purposes except to the extent of that pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
SINGER DAVID B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,653,424 shares (Indirect, See footnote)
Footnotes (7)
- F1. Held directly by Maverick Long Fund, Ltd. ("Maverick Long Fund"). The Reporting Person may be deemed to have a pecuniary interest in such securities by virtue of his interest in the carried interest of Maverick Long Fund.
- F2. The Reporting Person disclaims, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F3. Held directly by Maverick Fund II, Ltd. ("Maverick Fund II"). The Reporting Person may be deemed to have a pecuniary interest in such securities by virtue of his interest in the carried interest of Maverick Fund II.
- F4. Held directly by Maverick Advisors Fund, L.P. ("Maverick Advisors Fund"). Maverick Capital Ventures, LLC ("Maverick Ventures") is the general partner of Maverick Advisors Fund. The Reporting Person is a managing partner of Maverick Ventures.
- F5. Held directly by Maverick Designated Investments Fund, L.P. ("MDI"). The Reporting Person may be deemed to have a pecuniary interest in such securities by virtue of his interest in the carried interest of MDI.
- F6. Held directly by Maverick Ventures Investment Fund, L.P. ("Maverick Ventures Fund"). Maverick Ventures is the general partner of Maverick Ventures Fund.
- F7. Held directly by Maverick Silicon Fund, L.P. ("Maverick Silicon Fund"). The Reporting Person may be deemed to have a pecuniary interest in such securities by virtue of his interest in the carried interest of Maverick Silicon Fund.
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FAQ
What does the Churchill Capital Corp X (CCCX) Form 3 filing show?
The Form 3 shows that director David B. Singer has indirect economic interests in Churchill Capital Corp X common stock through several Maverick-branded investment funds, while disclaiming beneficial ownership except for his pecuniary interest in those entities.
What is the significance of indirect ownership in the CCCX Form 3?
Indirect ownership means the CCCX shares are held by affiliated funds, not personally. Singer’s interest arises from carried interest or management roles in Maverick entities, which gives him economic exposure without necessarily having direct voting or investment authority over the shares.
Are there buy or sell transactions in this CCCX Form 3?
The Form 3 functions as an initial ownership report and lists indirect holdings of Churchill Capital Corp X common stock. It does not identify specific buy or sell transactions, focusing instead on the structure and nature of Singer’s economic interests in the securities.