Churchill Capital XI CTO acquires 2.53M-share option

Q: How many underlying shares are covered by Prasanna Velagapudi's CCXI options?

Three reported stock-option positions cover 469,301, 680,947, and 2,530,549 underlying common shares, respectively. They were reported as options converted from Legacy Agility options in the business combination.

Q: What are the vesting terms for CCXI's reported options?

The 469,301-share option vested as to 25% on May 1, 2024 and vests thereafter in 36 substantially equal monthly installments; the 680,947-share option has the same terms beginning April 8, 2025. The 2,530,549-share option will vest as to 25% on August 4, 2026 and vests thereafter in 36 substantially equal monthly installments.

The option positions have exercise prices of $0.56 and $2.86, with expiration dates from 2033 through 2035.

Available on EDGAR 11/06/2026 - 07:57 PM EST Accepted by SEC EDGAR 11/06/2026 - 07:56 PM EST

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Form Type

Rhea-AI Filing Summary

Churchill Capital Corp XI (CCXI) Chief Technology Officer Prasanna Velagapudi reported three stock-option acquisitions on November 4, 2026. The options were received in connection with the business combination: Legacy Agility options automatically converted into options of the issuer under the Merger Agreement dated June 24, 2026. The reported options cover 469,301 underlying common shares at a $0.56 exercise price, expiring June 26, 2033; 680,947 shares at $0.56, expiring April 10, 2034; and 2,530,549 shares at $2.86, expiring November 9, 2035.

Insider Trade Summary

Grant/Award: 3,680,797 shares

Grant/Award 3 txns

Insider Velagapudi Prasanna

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option ^{F1, F2}	469,301	--	--
Grant/Award	Stock Option ^{F1, F3}	680,947	--	--
Grant/Award	Stock Option ^{F1, F4}	2,530,549	--	--

Holdings After Transaction: Stock Option — 3,680,797 options (Direct)

Footnotes (4)

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 May 1, 2024 and vests thereafter in 36 substantially equal monthly installments.
F3. The stock option vested as to 25% of the underlying shares on April 8, 2025 and vests thereafter in 36 substantially equal monthly installments.
F4. The stock option will vest as to 25% of the underlying shares on August 4, 2026 and vests thereafter in 36 substantially equal monthly installments.

Key Figures

Underlying shares and exercise price: 469,301 underlying common shares; $0.56 per share Underlying shares and exercise price: 680,947 underlying common shares; $0.56 per share Underlying shares and exercise price: 2,530,549 underlying common shares; $2.86 per share

3 metrics

Underlying shares and exercise price 469,301 underlying common shares; $0.56 per share Stock option; expiration June 26, 2033

Underlying shares and exercise price 680,947 underlying common shares; $0.56 per share Stock option; expiration April 10, 2034

Underlying shares and exercise price 2,530,549 underlying common shares; $2.86 per share Stock option; expiration November 9, 2035

Key Terms

automatically converted, substantially equal monthly installments, Merger Agreement

3 terms

automatically converted technical

"each Legacy Agility stock option was automatically converted into the right to receive stock options"

substantially equal monthly installments technical

"vests thereafter in 36 substantially equal monthly installments"

Merger Agreement technical

"Agreement and Plan of Merger and Reorganization ... (the "Merger Agreement")"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

FAQ

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How many underlying shares are covered by Prasanna Velagapudi's CCXI options?

Three reported stock-option positions cover 469,301, 680,947, and 2,530,549 underlying common shares, respectively. They were reported as options converted from Legacy Agility options in the business combination.

What are the vesting terms for CCXI's reported options?

The 469,301-share option vested as to 25% on May 1, 2024 and vests thereafter in 36 substantially equal monthly installments; the 680,947-share option has the same terms beginning April 8, 2025. The 2,530,549-share option will vest as to 25% on August 4, 2026 and vests thereafter in 36 substantially equal monthly installments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Velagapudi Prasanna

(Last)

(First)

(Middle)

C/O AGILITY ROBOTICS, INC.

4698 TRUAX DRIVE SE

(Street)

SALEM

OREGON

97317

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Agility Robotics, Inc. [ AGLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$0.56	11/04/2026		A		469,301		⁽²⁾	06/26/2033	Common Stock	469,301	⁽¹⁾	469,301	D
Stock Option	$0.56	11/04/2026		A		680,947		⁽³⁾	04/10/2034	Common Stock	680,947	⁽¹⁾	680,947	D
Stock Option	$2.86	11/04/2026		A		2,530,549		⁽⁴⁾	11/09/2035	Common Stock	2,530,549	⁽¹⁾	2,530,549	D

Explanation of Responses:

1. 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.

2. The stock option vested as to 25% of the underlying shares on May 1, 2024 and vests thereafter in 36 substantially equal monthly installments.

3. The stock option vested as to 25% of the underlying shares on April 8, 2025 and vests thereafter in 36 substantially equal monthly installments.

4. The stock option will vest as to 25% of the underlying shares on August 4, 2026 and vests thereafter in 36 substantially equal monthly installments.

	/s/ Chris Porcelli, Attorney-in-Fact	11/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR