Churchill Capital Corp XI CEO receives 5.06M options
The options carry a $0.56 exercise price, expire March 20, 2034, and vest monthly after an initial 25% vesting on March 4, 2025.
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Rhea-AI Filing Summary
Churchill Capital Corp XI (CCXI) reported that Chief Executive Officer Margaret L. Johnson received 5,061,099 stock options in the business combination and that a trust received 347,790 common shares on November 4, 2026. Legacy Agility options automatically converted into issuer options; they have a $0.56 exercise price, expire March 20, 2034, and vested 25% on March 4, 2025, with the remainder vesting in 36 substantially equal monthly installments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option F1, F2 | 5,061,099 | -- | -- |
| Grant/Award | Common Stock F1 | 347,790 | -- | -- |
Footnotes (2)
- F1. Represents securities received as part of the Issuer's business combination, in connection with the Agreement and Plan of Merger and Reorganization, dated as of June 24, 2026 (as amended, modified, supplemented or waived from time to time, the "Merger Agreement"), by and among the Issuer (formerly known as Churchill Capital Corp XI), BLB Merger Sub, Inc. and Agility Robotics, Inc. ("Legacy Agility"), pursuant to which the common stock of Legacy Agility automatically converted into newly issued shares of Common Stock of the Issuer, pursuant to the terms of the Merger Agreement. In addition, each Legacy Agility stock option was automatically converted into the right to receive stock options of the Issuer, pursuant to the terms of the Merger Agreement.
- F2. The stock option vested as to 25% of the underlying shares on March 4, 2025 and vests thereafter in 36 substantially equal monthly installments.
Key Figures
Key Terms
stock option financial
Agreement and Plan of Merger and Reorganization technical
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