X-Energy (XE) director corrects prior common share and option totals
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.
Positive
- None.
Negative
- None.
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 shares (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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.