Churchill Capital Corp XI CFO acquires 2.58M shares
The reported resulting position is identified as RSUs, with vesting scheduled to begin July 27, 2027.
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Rhea-AI Filing Summary
Churchill Capital Corp XI (CCXI) Chief Financial Officer Michael Thomas Beer reported acquiring 2,576,560 shares of Common Stock on November 4, 2026, in connection with the business combination. Legacy Agility common stock automatically converted into newly issued common stock of the issuer. The reported resulting position of 2,576,560 shares is identified as RSUs: 25% vest on July 27, 2027, followed by 12 substantially equal quarterly installments. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,576,560 | -- | -- |
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 restricted stock unit ("RSU") was automatically converted into the right to receive RSUs of the Issuer, pursuant to the terms of the Merger Agreement.
- F2. Represents RSUs that vest 25% on July 27, 2027 and thereafter in 12 substantially equal quarterly installments.
Key Figures
Key Terms
business combination financial
restricted stock unit financial
Merger Agreement financial
FAQ
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How are Michael Thomas Beer's CCXI RSUs scheduled to vest?
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