What stock options related to X-Energy (XE) does Michael Wallace hold?

He holds a stock option linked to 23,834 shares of Class A common stock with a $23.00 exercise price, representing part of his equity-based compensation from X-Energy.

X-Energy director updates share holdings

Q: How many X-Energy (XE) Class A common shares does Michael Wallace now report?

Michael Wallace now reports direct ownership of 137,161 shares of X-Energy Class A common stock, reflecting corrections for shares that were previously omitted from his original ownership report.

Q: How many X-Energy (XE) shares and options were previously omitted from Wallace’s filings?

The amendment states that 50,250 common shares, 16,750 restricted shares, and 18,997 stock options were omitted from his original Form 3 and a subsequent Form 4 filing.

Q: What is the vesting schedule of Michael Wallace’s X-Energy (XE) stock option?

The option is vested for 17,874 shares now and is scheduled to vest for 1,210 shares on September 12, 2026, 2,374 on January 1, 2027, and 2,376 on January 1, 2028.

X-Energy, Inc. director Michael J. Wallace filed an amended Form 3 to correct his previously reported holdings.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

3/A

Rhea-AI Filing Summary

X-Energy, Inc. director Michael J. Wallace filed an amended Form 3 to correct his previously reported holdings. The amendment notes that 50,250 shares of Class A common stock and 16,750 shares of restricted stock were omitted from his original Form 3 and a subsequent Form 4. The filing also adds 18,997 previously omitted stock options.

After these corrections, Wallace is shown holding 137,161 shares of Class A common stock directly and a stock option tied to 23,834 shares of Class A common stock at an exercise price of $23.00 per share. The option is vested as to 17,874 underlying shares and is scheduled to vest further as to 1,210 shares on September 12, 2026, 2,374 shares on January 1, 2027, and 2,376 shares on January 1, 2028.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Wallace Michael J Wallace

Role Director

Type	Security	Shares	Price	Value
holding	Stock Option	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Stock Option — 23,834 contracts (Direct); Class A Common Stock — 137,161 shares (Direct)

Footnotes (3)

F1. 50,250 shares of Class A common stock and 16,750 shares of restricted stock were ommitted from the reporting person's original Form 3, and also were omitted from a subsequent Form 4 filed by the reporting person after his original Form 3 was filed.
F2. The stock option is vested as to 17,874 of the underlying shares. The stock option vests as to 1,210 of the underlying shares on September 12, 2026, 2,374 of the underlying shares on January 1, 2027 and 2,376 of the underlying shares on January 1, 2028.
F3. 18,997 options were ommitted from the reporting person's original Form 3, and also were omitted from a subsequent Form 4 filed by the reporting person after his original Form 3 was filed.

Key Figures

Direct common shares: 137,161 shares Underlying option shares: 23,834 shares Option exercise price: $23.00 per share +4 more

7 metrics

Direct common shares 137,161 shares Class A Common Stock held directly after amendment

Underlying option shares 23,834 shares Class A Common Stock underlying reported stock option

Option exercise price $23.00 per share Exercise price of reported stock option

Currently vested option shares 17,874 shares Portion of option already vested

Omitted common shares 50,250 shares Previously omitted Class A common stock

Omitted restricted stock 16,750 shares Previously omitted restricted stock

Omitted options 18,997 options Previously omitted stock options

Key Terms

restricted stock, stock option, underlying shares, vests, +1 more

5 terms

restricted stock financial

"50,250 shares of Class A common stock and 16,750 shares of restricted stock were ommitted"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

stock option financial

"The stock option is vested as to 17,874 of the underlying shares."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

underlying shares financial

"The stock option is vested as to 17,874 of the underlying shares."

vests financial

"The stock option vests as to 1,210 of the underlying shares on September 12, 2026"

Form 3 regulatory

"were ommitted from the reporting person's original Form 3, and also were omitted from a subsequent Form 4"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did X-Energy (XE) director Michael Wallace change in this amended Form 3?

The amended Form 3 updates Michael Wallace’s reported holdings to include previously omitted common shares, restricted stock and stock options, correcting both his original Form 3 and a later Form 4.

How many X-Energy (XE) Class A common shares does Michael Wallace now report?

Michael Wallace now reports direct ownership of 137,161 shares of X-Energy Class A common stock, reflecting corrections for shares that were previously omitted from his original ownership report.

How many X-Energy (XE) shares and options were previously omitted from Wallace’s filings?

The amendment states that 50,250 common shares, 16,750 restricted shares, and 18,997 stock options were omitted from his original Form 3 and a subsequent Form 4 filing.

What is the vesting schedule of Michael Wallace’s X-Energy (XE) stock option?

The option is vested for 17,874 shares now and is scheduled to vest for 1,210 shares on September 12, 2026, 2,374 on January 1, 2027, and 2,376 on January 1, 2028.

What is the exercise price on Michael Wallace’s X-Energy (XE) stock option?

The filing shows an exercise price of $23.00 per share for Michael Wallace’s stock option, covering 23,834 underlying shares of X-Energy Class A common stock.

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

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Accepted by SEC EDGAR 06/26/2026 - 04:06 PM EDT

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^*

Wallace Michael J Wallace

(Last)

(First)

(Middle)

C/O X-ENERGY, INC.

530 GAITHER ROAD, SUITE 700

(Street)

ROCKVILLE

MARYLAND

20850

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/24/2026

3. Issuer Name and Ticker or Trading Symbol
X-Energy, Inc. [ XE ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
04/24/2026

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)
Class A Common Stock	137,161⁽¹⁾	D

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Stock Option	⁽²⁾	04/24/2026	Class A Common Stock	23,834⁽³⁾	$23	D

Explanation of Responses:

1. 50,250 shares of Class A common stock and 16,750 shares of restricted stock were ommitted from the reporting person's original Form 3, and also were omitted from a subsequent Form 4 filed by the reporting person after his original Form 3 was filed.

2. The stock option is vested as to 17,874 of the underlying shares. The stock option vests as to 1,210 of the underlying shares on September 12, 2026, 2,374 of the underlying shares on January 1, 2027 and 2,376 of the underlying shares on January 1, 2028.

3. 18,997 options were ommitted from the reporting person's original Form 3, and also were omitted from a subsequent Form 4 filed by the reporting person after his original Form 3 was filed.

	/s/ Carter Lawson, Attorney-in-Fact	06/26/2026
	** 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)

Source: View Original Filing on SEC EDGAR