X-Energy executive reports initial XE share holdings

X-Energy, Inc. executive Dinkar S. Bhatia filed an initial ownership report showing his equity stake in the company.

Rhea-AI Filing Summary

X-Energy, Inc. executive Dinkar S. Bhatia filed an initial ownership report showing his equity stake in the company. He directly holds 574,335 shares of Class A Common Stock, which includes 306,719 shares of restricted stock. He also holds a stock option for 215,713 underlying shares of Class A Common Stock at an exercise price of $23.00 per share. The option is vested as to 75,883 underlying shares, with additional portions scheduled to vest in substantially equal annual installments beginning on December 23, 2026 and January 1, 2027. This filing records existing holdings rather than reporting a new purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bhatia Dinkar S.

Role See Remarks

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

Holdings After Transaction: Stock Option — 215,713 contracts (Direct); Class A Common Stock — 574,335 shares (Direct)

Footnotes (2)

1. F1. Includes 306,719 shares of restricted stock.
2. F2. The stock option is vested as to 75,883 of the underlying shares. The stock option vests as to 75,883 of the underlying shares in two substantially equal annual installments beginning on January 1, 2027, and as to 63,947 of the underlying shares in four substantially equal annual installments beginning on December 23, 2026.

Key Figures

Direct Class A Common Stock holdings: 574,335 shares Restricted stock included: 306,719 shares Stock option underlying shares: 215,713 shares +2 more

5 metrics

Direct Class A Common Stock holdings 574,335 shares Reported total shares following transaction

Restricted stock included 306,719 shares Portion of Class A Common Stock holdings

Stock option underlying shares 215,713 shares Underlying Class A Common Stock

Stock option exercise price $23.00 per share Exercise price for stock option

Currently vested option shares 75,883 shares Portion of stock option already vested

Key Terms

restricted stock, Stock Option, Class A Common Stock, vests

4 terms

restricted stock financial

"Includes 306,719 shares of restricted stock."

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 75,883 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.

Class A Common Stock financial

"Includes 306,719 shares of restricted stock."

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vests financial

"The stock option vests as to 75,883 of the underlying shares in two substantially equal annual installments"

FAQ

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

What does X-Energy (XE) executive Dinkar S. Bhatia report on this Form 3?

Dinkar S. Bhatia reports his initial ownership in X-Energy, Inc., including common shares and stock options. The filing lists his direct Class A Common Stock holdings and an option grant, providing a baseline of his equity position as an officer of the company.

How many X-Energy (XE) Class A Common Stock shares does Dinkar S. Bhatia hold?

He holds 574,335 shares of Class A Common Stock directly. This total includes both regular and restricted shares and represents his reported equity stake in X-Energy at the time of the Form 3 filing as an executive officer.

How many restricted X-Energy (XE) shares are included in Bhatia’s holdings?

His reported Class A Common Stock holdings include 306,719 shares of restricted stock. Restricted stock typically vests over time or upon meeting conditions, aligning the executive’s incentives with longer-term company performance and shareholder interests.

What stock option position in X-Energy (XE) does Dinkar S. Bhatia report?

He reports a stock option tied to 215,713 underlying shares of Class A Common Stock at an exercise price of $23.00 per share. This option gives him the right to buy those shares at that fixed price before the option’s expiration date.

How much of Dinkar S. Bhatia’s X-Energy (XE) stock option is currently vested?

The Form 3 notes that 75,883 of the underlying shares under his stock option are already vested. The remaining portions of the option will vest in scheduled annual installments over multiple years, subject to the stated vesting dates.

How will the rest of Bhatia’s X-Energy (XE) stock option vest over time?

The option vests as to 75,883 underlying shares in two substantially equal annual installments beginning January 1, 2027, and as to 63,947 underlying shares in four substantially equal annual installments beginning December 23, 2026. This creates a multi-year vesting schedule.

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

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Accepted by SEC EDGAR 04/24/2026 - 05:07 PM EDT Learn about SEC filing dates

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^*

Bhatia Dinkar S.

(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)

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

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

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	574,335(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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	(2)	04/24/2036	Class A Common Stock	215,713	$23	D

Explanation of Responses:

1. Includes 306,719 shares of restricted stock.

2. The stock option is vested as to 75,883 of the underlying shares. The stock option vests as to 75,883 of the underlying shares in two substantially equal annual installments beginning on January 1, 2027, and as to 63,947 of the underlying shares in four substantially equal annual installments beginning on December 23, 2026.

Remarks:

Executive Vice President and Chief Commercial Officer. Exhibit 24 - Power of Attorney.

	/s/ Elizabeth Petrone, Attorney-in-Fact	04/24/2026
	** 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)