Director Paul Lapping files initial Form 3 for Churchill Capital XI (CCXI)

Rhea-AI Filing Summary

Churchill Capital Corp XI director Paul Lapping filed an initial Form 3, which records his status as a director and establishes his baseline beneficial ownership reporting position. The filing shows no reported transactions or derivative positions and serves as a compliance disclosure for his new insider role.

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Accepted by SEC EDGAR 03/19/2026 - 08:44 PM Learn about SEC filing dates

FAQ

What does Paul Lapping's Form 3 mean for Churchill Capital Corp XI (CCXI)?

Paul Lapping’s Form 3 formally records his status as a director of Churchill Capital Corp XI. It establishes his baseline insider reporting position and confirms that, at this time, there are no reported transactions or derivative holdings associated with his role.

Does the Churchill Capital Corp XI (CCXI) Form 3 show any stock transactions by Paul Lapping?

No transactions are reported in Paul Lapping’s Form 3 for Churchill Capital Corp XI. The filing is purely an initial beneficial ownership disclosure, with no buys, sells, option exercises, gifts, or restructurings listed in the transaction summary section.

Are there any derivative securities reported for Paul Lapping in the CCXI Form 3?

The Form 3 for Paul Lapping at Churchill Capital Corp XI shows no derivative securities in the derivative summary. This means there are no options, warrants, or other derivative positions reported as of this initial insider ownership filing.

Is Paul Lapping a major shareholder of Churchill Capital Corp XI (CCXI) based on this Form 3?

Based on the provided Form 3 data, Paul Lapping is reported as a director but not as a ten percent owner of Churchill Capital Corp XI. The form classifies his role and confirms he is not flagged as holding at least ten percent of the company’s stock.

Does Paul Lapping’s Form 3 for CCXI include any tax, gift, or restructuring events?

The transaction summary in Paul Lapping’s Form 3 for Churchill Capital Corp XI shows zero tax withholding, gift, or restructuring events. It is a straightforward initial insider ownership filing without any accompanying transactional activity or special one-time events disclosed.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Lapping Paul

(Last) (First) (Middle)

640 FIFTH AVENUE, 14TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Churchill Capital Corp XI [ CCXI ]

3a. Foreign Trading Symbol

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Paul Lapping	03/19/2026
	** 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 5 (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 3: SEC 1473 (03-26)