XTI Aerospace Officer Files Form 3 Reporting 200-Share Option Post Reverse Split

Rhea-AI Filing Summary

Michael A. Tapp, Chief Operating Officer of XTI Aerospace, Inc. (XTIA), filed an Initial Statement of Beneficial Ownership on Form 3. The filing reports a direct stock option to purchase 200 shares of common stock, exercisable beginning 10/01/2024 and expiring 10/01/2034, with an exercise price of $47.50 per share. The filing notes a 1-for-250 reverse stock split effective 01/10/2025 that affects the reported share amounts. The Form 3 is signed by Michael A. Tapp on 09/19/2025 and lists the event date as 09/01/2025.

Positive

• Regulatory compliance: Officer filed a timely Initial Statement (Form 3) disclosing beneficial ownership.
• Clear option terms: Exercise price ($47.50), exercisable date (10/01/2024) and expiration (10/01/2034) are explicitly stated.

Negative

• No material negatives disclosed: Filing does not report material transfers, large holdings, or adverse events.

Insights

Corporate Governance Expert

TL;DR: Routine disclosure by an officer reporting a small, direct stock option; standard governance compliance.

The Form 3 documents a standard initial beneficial ownership disclosure by an executive officer, reporting a direct option to buy 200 shares of common stock at $47.50 exercisable from 10/01/2024 through 10/01/2034. The filing also records the effect of a 1-for-250 reverse split on share counts. This appears to be a routine Section 16 filing to meet reporting obligations; the disclosed position size and option terms are explicitly stated in the filing and do not, by themselves, indicate material corporate governance events or changes in control.

Securities Analyst

TL;DR: Disclosure shows a direct option grant of 200 shares post-reverse-split; immaterial position size based on disclosed data.

The report lists a direct option covering 200 shares with a $47.50 exercise price and a ten-year term. The filing explicitly attributes reported share counts to a 1-for-250 reverse split effective 01/10/2025. Given only the information in this filing, the position and option size are small and the disclosure meets Section 16 timing and content requirements. No revenue, debt, or transaction amounts beyond the option terms are provided in the document.

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

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1. Name and Address of Reporting Person^*

Tapp Michael A

(Last) (First) (Middle)

C/O XTI AEROSPACE, INC.

8123 INTERPORT BLVD, SUITE C

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2025

3. Issuer Name and Ticker or Trading Symbol
XTI Aerospace, Inc. [ XTIA ]

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

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

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

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
Stock Option (Right to Buy Common Stock)	10/01/2024	10/01/2034	Common Stock	200(1)	$47.5(1)	D

Explanation of Responses:

1. Reflects the impact of a 1-for-250 reverse stock split of the Issuer's common stock effective as of January 10, 2025.

	/s/ Michael A Tapp	09/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Michael A. Tapp disclose on Form 3 for XTIA?

He disclosed a direct stock option to purchase 200 shares of common stock exercisable 10/01/2024 to 10/01/2034 at an exercise price of $47.50.

What is the significance of the 1-for-250 reverse split mentioned in the filing?

The filing states a 1-for-250 reverse stock split effective 01/10/2025 and notes that reported share amounts reflect the impact of that reverse split.

What is Michael A. Tapp's role at XTI Aerospace (XTIA)?

The filing lists Michael A. Tapp as an Officer with the title Chief Operating Officer and indicates he is a reporting person.

When was the Form 3 signed and what is the event date?

The signature date is 09/19/2025 and the form lists the date of the event requiring the statement as 09/01/2025.

Does the filing report ownership of common stock separate from the option?

No. The filing only reports a derivative security (stock option) for 200 underlying shares; no separate non-derivative common stock amount is disclosed.