Xtend AI Robotics counsel reports 954,268-share option
Chief Legal Counsel Mor Swiel reports option and share holdings in XTND, including large vested and vesting awards tied to a recent merger.
Rhea-AI Filing Summary
Xtend AI Robotics, Inc. (XTND) reported the initial holdings of Chief Legal Counsel Mor Swiel as of September 3, 2026, following the closing of a merger transaction. The filing lists indirect stock options to acquire an aggregate of over 269,000 shares of common stock at exercise prices ranging from $0.0033 to $0.47 per share, as well as a direct option over 954,268 shares at $0.47 per share. Swiel also holds 204,484 shares of common stock directly. Certain options are already fully vested and exercisable, while others vest monthly over three- or four-year periods, including options held through Adv Company Mor Swiel, which Swiel solely owns.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Swiel Mor
Role
Chief Legal Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F3, F2, F1, F4 | -- | -- | -- |
| holding | Stock Option (right to buy) F2, F1, F4 | -- | -- | -- |
| holding | Stock Option (right to buy) F5, F1, F4 | -- | -- | -- |
| holding | Stock Option (right to buy) F6, F1 | -- | -- | -- |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 269,920 contracts (Indirect, See footnote);
Stock Option (right to buy) — 954,268 contracts (Direct);
Common Stock — 204,484 shares (Direct)
Footnotes (6)
- 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.
- F2. Fully vested and exercisable.
- F3. Represents an exercise price of NIS 0.01, converted to U.S. dollars based on currency conversion rate of $1.00 to NIS 3.0420 reported by the Bank of Israel on September 2, 2026.
- F4. The shares are held by Adv Company Mor Swiel of which the Reporting Person is the sole owner, shareholder and board member.
- F5. Shares subject to the stock option vest and become exercisable ratably on each monthly anniversary of September 9, 2024 (the "2024 Vesting Commencement Date") over a period of 48 consecutive months until fully vested and exercisable on the fourth anniversary of the 2024 Vesting Commencement Date, subject to the Reporting Person's continued service.
- F6. Shares subject to the stock option vest and become exercisable ratably on each monthly anniversary of August 27, 2025 (the "2025 Vesting Commencement Date") over a period of 36 consecutive months until fully vested and exercisable on the third anniversary of the 2025 Vesting Commencement Date, subject to the Reporting Person's continued service.
Key Figures
Direct common shares held: 204,484 shares
Direct stock option underlying shares: 954,268 shares
Direct option exercise price: $0.47 per share
+4 more
7 metrics
Direct common shares held
204,484 shares
Common stock held directly by Mor Swiel as of September 3, 2026
Direct stock option underlying shares
954,268 shares
Shares underlying a direct stock option at a $0.47 exercise price, expiring August 27, 2035
Direct option exercise price
$0.47 per share
Exercise price for the direct option over 954,268 shares of common stock
Indirect options at $0.0033
47,713 underlying shares
Indirect stock option with a $0.0033 exercise price, expiring October 17, 2029
Indirect options at $0.46
44,986 underlying shares
Indirect stock option with a $0.46 exercise price, expiring October 7, 2031
Indirect options at $0.47
177,221 underlying shares
Indirect stock option with a $0.47 exercise price, expiring September 9, 2034
Merger closing date
September 3, 2026
Date the merger agreement closed, when certain shares were acquired
Key Terms
Agreement and Plan of Merger, Merger Agreement, fully vested and exercisable, vesting commencement date, +1 more
5 terms
Agreement and Plan of Merger regulatory
"by and among Xtend AI Robotics, Inc., XT Merger Sub 2, Inc., JFB Construction Holdings and Xtend Reality Expansion Ltd."
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.
fully vested and exercisable financial
"Fully vested and exercisable."
vesting commencement date financial
"on each monthly anniversary of September 9, 2024 (the "2024 Vesting Commencement Date")"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
beneficial ownership financial
"The shares are held by Adv Company Mor Swiel of which the Reporting Person is the sole owner, shareholder and board member."
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
Who is the reporting person in XTND's Form 3 and what is their role?
The Form 3 identifies Mor Swiel as the reporting person, serving as Chief Legal Counsel of Xtend AI Robotics, Inc. The filing reports Swiel’s initial beneficial ownership of common stock and stock options as of September 3, 2026.
What indirect option holdings in XTND are reported for Mor Swiel?
Indirectly, through Adv Company Mor Swiel, Swiel has stock options over 47,713 shares at $0.0033, 44,986 shares at $0.46, and 177,221 shares at $0.47, all for Xtend AI Robotics, Inc. common stock, with expirations between 2029 and 2034.
How were some of Mor Swiel’s XTND holdings acquired?
A portion of the reported holdings was acquired at the closing of transactions under an Agreement and Plan of Merger among Xtend AI Robotics, Inc. and related entities. The closing of that merger agreement occurred on September 3, 2026, the same date referenced in the Form 3.
What are the vesting terms for Mor Swiel’s XTND stock options?
One set of options vests monthly over 48 months from September 9, 2024, becoming fully vested on the fourth anniversary, while another vests monthly over 36 months from August 27, 2025. Vesting is subject to Swiel’s continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
