Maverick funds tied to Infleqtion (INFQ) sell 1.8M shares and restructure holdings
Rhea-AI Filing Summary
Infleqtion, Inc. reported a Form 4 showing indirect fund-related sales and restructurings involving its common stock tied to David B. Singer–associated entities. Maverick Advisors Fund and Maverick Ventures Fund distributed shares pro rata to their limited partners for no consideration, and related entities then sold portions of these shares in the open market.
In total, indirectly held entities sold 1,797,637 shares of common stock in open‑market transactions at weighted average prices disclosed in ranges around $16–$18 per share, while 3,840,260 shares were moved through other pro rata distributions and internal restructurings for no consideration. The reporting person states that these positions are held through Maverick funds, Maverick Capital Ventures, family estate‑planning entities, and Maverick Capital Advisors, and disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Large sales and restructurings by Maverick-affiliated entities, mainly fund distributions.
The Form 4 shows Maverick Advisors Fund, Maverick Ventures Fund, and related Maverick entities distributing and selling Infleqtion shares. Open‑market sales total 1,797,637 shares, while 3,840,260 shares moved via pro rata distributions and internal restructurings without consideration.
Footnotes clarify that distributions were made pro rata to fund limited partners and managing members, and that sale proceeds were passed through to certain limited partners. The reporting person attributes holdings to Maverick funds, family estate‑planning entities, and Maverick Capital Advisors and disclaims beneficial ownership except for pecuniary interest, indicating these are primarily fund‑level portfolio actions 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 | 321,623 | $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 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 Advisors Fund. Maverick Capital Ventures, LLC ("Maverick Ventures") is the general partner of Maverick Advisors Fund. The Reporting Person is a managing partner of Maverick Ventures. Held directly by Maverick Ventures Fund. Maverick Ventures is the general partner of Maverick Ventures Fund. Held directly by Maverick Ventures. Held directly by family estate planning entities controlled by the Reporting Person. Held directly by Maverick Capital Advisors, L.P., which is the manager of Maverick Ventures. The Reporting Person disclaims, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, beneficial ownership of these securities, except to the extent of his pecuniary interest therein. 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.