Maverick-managed funds cut Infleqtion (INFQ) holdings with 1.8M-share sale
Rhea-AI Filing Summary
Infleqtion, Inc. reported a Form 4 showing multiple indirect transactions by investment entities managed by Maverick. Funds including Maverick Advisors Fund and Maverick Ventures Fund executed open-market sales totaling 1,797,637 shares of common stock on May 29 at weighted average prices around $16–$18 per share, with footnotes noting detailed ranges and that sale proceeds were distributed to certain limited partners. Separate restructuring transactions moved about 4,769,900 shares through pro rata, no‑consideration distributions from these funds and related vehicles, including to managing members and family estate planning entities. The reporting investment advisers and Lee S. Ainslie disclaim beneficial ownership beyond their pecuniary interests, while David B. Singer serves on Infleqtion’s board.
Positive
- None.
Negative
- None.
Insights
Maverick-managed funds reallocated and sold Infleqtion shares, reducing exposure while distributing holdings to investors.
Entities managed by Maverick reported open-market sales of 1,797,637 Infleqtion shares at weighted average prices between roughly $15.63 and $18.15. Footnotes state proceeds from these sales were distributed to certain limited partners of Maverick Advisors Fund and Maverick Ventures Fund.
Alongside the sales, about 4,769,900 shares moved via pro rata distributions for no consideration among Maverick funds, managing members, and family estate planning entities. The reporting parties and Lee S. Ainslie disclaim beneficial ownership beyond pecuniary interests, indicating these are primarily fund-level portfolio and ownership-structure moves rather than personal trading decisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 1,386,029 | $0.00 | -- |
| Sale | Common Stock | 169,411 | $16.052 | $2.72M |
| Sale | Common Stock | 7,277 | $16.8503 | $123K |
| Sale | Common Stock | 1,353 | $17.9054 | $24K |
| Other | Common Stock | 810,384 | $0.00 | -- |
| Sale | Common Stock | 1,541,092 | $16.052 | $24.74M |
| Sale | Common Stock | 66,194 | $16.8503 | $1.12M |
| Sale | Common Stock | 12,310 | $17.9054 | $220K |
| Other | Common Stock | 311,208 | $0.00 | -- |
| Other | Common Stock | 1,251,263 | $0.00 | -- |
| Other | Common Stock | 660,901 | $0.00 | -- |
| Other | Common Stock | 350,115 | $0.00 | -- |
Footnotes (1)
- Maverick Advisors Fund, L.P. ("Maverick Advisors Fund") distributed these shares to its limited partners pro rata for no consideration (the "MAF Distribution"). These shares were sold by Maverick Advisors Fund as part of the MAF Distribution, and the proceeds of such sales were distributed to certain limited partners of Maverick Advisors Fund. Maverick Ventures Investment Fund, L.P. ("Maverick Ventures Fund") distributed these shares to its limited partners pro rata for no consideration (the "MVIF Distribution"). These shares were sold Maverick Ventures Fund as part of the MVIF Distribution, and the proceeds of such sales were distributed to certain limited partners of Maverick Ventures Fund. Received for no consideration in the pro rata distributions effected by Maverick Advisors Fund and Maverick Ventures Fund. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.63 to $16.62 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. Maverick Capital, Ltd. ("Maverick") is a registered investment advisor under the Investment Advisers Act of 1940, as amended. Maverick Capital Management, LLC ("Maverick Capital Management") serves as the general partner to Maverick, and Lee S. Ainslie is the manager of Maverick. MCV Management Company, LLC ("MCV") is the investment manager, and Maverick Capital Ventures, LLC ("Maverick Ventures") is the general partner, of Maverick Advisors Fund and Maverick Ventures Fund. Maverick is the manager 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 Maverick Capital Advisors, L.P. ("Maverick Capital Advisors") and Maverick Capital Advisors is the manager 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. Held directly by Maverick Advisors Fund. Held directly by Maverick Ventures Fund. Held directly by Maverick Ventures. Held directly by family estate planning entities controlled by Mr. Ainslie. Maverick Ventures distributed these shares to its managing members pro rata for no consideration. Received for no consideration in the pro rata distribution effected by Maverick Ventures. Held directly by Maverick Capital Advisors. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.63 to $17.41 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.63 to $18.15 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range.