Xtend AI Robotics exec reports 861,800-share stake
An executive vice president at Xtend AI Robotics reports direct ownership of 861,800 common shares following the closing of a merger transaction.
Rhea-AI Filing Summary
Xtend AI Robotics, Inc. (XTND) discloses the initial ownership position of executive officer Basile Joseph Frank III on a Form 3. He reports 861,800 shares of Common Stock held directly, which were acquired at the closing on September 3, 2026 of a Merger Agreement involving Xtend AI Robotics, XT Merger Sub 2, Inc., JFB Construction Holdings, and Xtend Reality Expansion Ltd. No Rule 10b5-1 trading plan is reported in connection with this holding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Basile Joseph Frank III
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 861,800 shares (Direct)
Footnotes (1)
- F1. The shares were acquired at the closing of the transactions contemplated by that certain Agreement and Plan of Merger, dated as of February 13, 2026 as amended by Amendment No. 1 dated March 21, 2026 and Amendment No. 2 dated July 16, 2026 (the "Merger Agreement"), by and among Xtend AI Robotics, Inc., XT Merger Sub 2, Inc., JFB Construction Holdings and Xtend Reality Expansion Ltd. The closing of the Merger Agreement occurred on September 3, 2026.
Key Figures
Common Stock held directly: 861,800 shares
Merger closing date: September 3, 2026
Number of holding entries: 1 entry
3 metrics
Common Stock held directly
861,800 shares
Post-transaction ownership reported for the executive officer on Form 3
Merger closing date
September 3, 2026
Date the Merger Agreement closing occurred, when the shares were acquired
Number of holding entries
1 entry
Single Common Stock holding line reported on the Form 3
Key Terms
Agreement and Plan of Merger, Merger Agreement, beneficial ownership
3 terms
Agreement and Plan of Merger regulatory
"acquired at the closing of the transactions contemplated by that certain Agreement and Plan of Merger"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Agreement regulatory
"The closing of the Merger Agreement occurred on September 3, 2026."
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
beneficial ownership financial
"initial statement of beneficial ownership position as an insider"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does XTND's Form 3 filing report for Basile Joseph Frank III?
The Form 3 reports that executive officer Basile Joseph Frank III directly holds 861,800 shares of Common Stock of Xtend AI Robotics, Inc., reflecting his initial beneficial ownership position as an insider.
Does the XTND Form 3 mention a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 plan indicator is not marked, and the footnote describing the acquisition of 861,800 shares contains no reference to any Rule 10b5-1 or pre-arranged trading plan.
Is the XTND Form 3 reporting a new transaction or just an initial holding?
The Form 3 functions as an initial statement of beneficial ownership. It reports a holding entry of 861,800 shares following the merger closing, without classifying the event as a buy or sell transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.