[Form 3] Churchill Capital Corp X/Cayman Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Churchill Capital Corp X/Cayman received an initial Form 3 from investment adviser Maverick Capital and related reporting persons, detailing their indirect holdings of the company’s common stock and options as of February 13, 2026. The filing lists several large blocks of common stock held through Maverick-managed funds and accounts, including holdings of 9,816,912 shares and 6,217,382 shares, along with additional smaller positions in other vehicles. It also reports stock option positions labeled as a right to buy, with 34,740 and 29,950 options outstanding, tied to director compensation for David B. Singer. One third of the shares underlying these options vest on February 17, 2027, with the remainder vesting monthly thereafter, and the economic benefit of this director compensation is directed to a Maverick-related fund. Each reporting owner disclaims beneficial ownership beyond its or his pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (13)
- F1. Maverick Capital, Ltd. ("Maverick") is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as the investment manager for each of Maverick Long Fund, Maverick Long Enhanced Fund, Maverick Fund II, MDI, and Maverick Fund USA (each as defined herein). Maverick Capital Management, LLC ("Maverick Capital Management") serves as the general partner to Maverick, and Lee S. Ainslie III is the manager of Maverick. Maverick Silicon, L.P. ("Maverick Silicon") is the investment manager of Maverick Silicon Fund (as defined herein). Maverick Capital Management is the general partner of Maverick Silicon, and Mr. Ainslie and Andrew C. Homan are the managing partners of Maverick Silicon. MCV Management Company, LLC ("MCV") is the investment manager, and Maverick Capital Ventures, LLC ("Maverick Ventures") is the general partner, of Maverick Ventures Fund and Maverick Advisors Fund (each as defined herein).
- F2. Maverick is the controlling member of MCV, and Mr. Ainslie and David B. Singer are the managing partners of Maverick Ventures and MCV. Maverick Capital Management is the general partner of the controlling member of Maverick Ventures. Mr. Singer serves on the board of directors of the Issuer. Each reporting owner disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
- F3. Held directly by a separate managed account managed by Maverick.
- F4. Held directly by Maverick Long Fund, Ltd. ("Maverick Long Fund").
- F5. Held directly by Maverick Long Enhanced Fund, Ltd. ("Maverick Long Enhanced Fund").
- F6. Held directly by Maverick Fund II, Ltd. ("Maverick Fund II").
- F7. Held directly by Maverick Advisors Fund, L.P. ("Maverick Advisors Fund").
- F8. Held directly by Maverick Designated Investments Fund, L.P. ("MDI").
- F9. Held directly by Maverick Ventures Investment Fund, L.P. ("Maverick Ventures Fund").
- F10. Held directly by Maverick Fund USA, Ltd. ("Maverick USA").
- F11. Held directly by Maverick Silicon Fund, L.P. ("Maverick Silicon Fund").
- F12. Held directly by Mr. Singer. The economic benefit of the director compensation provided in respect of Mr. Singer's board service passes to Maverick Ventures Fund through a management fee offset. Maverick may therefore be deemed to have an indirect pecuniary interest in the options reported herein.
- F13. 1/3 of the shares underlying the options will vest on February 17, 2027, and 1/36th of the total shares shall vest each month thereafter on the same day of the month, subject to Mr. Singer's continued service through each vesting date.
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