Xtend AI Robotics director holds option on 68K shares
Director Miller Austin Scott discloses a merger-related option for 68,161 XTND shares vesting monthly over three years.
Rhea-AI Filing Summary
Xtend AI Robotics, Inc. (XTND) reports that director Miller Austin Scott holds a stock option to purchase 68,161 shares of common stock at an exercise price of $0.70 per share, expiring on December 30, 2035. The option vests in equal monthly installments over 36 months starting on November 1, 2025 and was acquired at the closing of the merger completed on September 3, 2026 under the company’s Agreement and Plan of Merger.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Miller Austin Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) F1, F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 68,161 contracts (Direct)
Footnotes (2)
- F1. Shares subject to the stock option vest and become exercisable ratably on each monthly anniversary of November 1, 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.
- F2. 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
Underlying common shares: 68,161 shares
Exercise price: $0.70 per share
Option expiration date: December 30, 2035
+4 more
7 metrics
Underlying common shares
68,161 shares
Shares of Xtend AI Robotics, Inc. common stock subject to the reported stock option
Exercise price
$0.70 per share
Price at which the stock option allows purchase of XTND common stock
Option expiration date
December 30, 2035
Expiration date of the stock option held by Miller Austin Scott
Vesting period
36 months
Monthly vesting from November 1, 2025 until fully vested on the third anniversary
Vesting commencement date
November 1, 2025
Start date for monthly vesting of the stock option
Merger closing date
September 3, 2026
Date on which the merger-related transactions closed and the shares were acquired
Merger agreement date
February 13, 2026
Original date of the Agreement and Plan of Merger referenced in the footnote
Key Terms
Agreement and Plan of Merger, vesting commencement date, stock option, underlying security
4 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.
vesting commencement date financial
"on each monthly anniversary of November 1, 2025 (the "2025 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.
stock option financial
"Shares subject to the stock option vest and become exercisable ratably"
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.
underlying security financial
"The shares were acquired at the closing of the transactions contemplated"
FAQ
What insider holding did XTND disclose for director Miller Austin Scott on this Form 3?
The filing shows Miller Austin Scott holds a stock option to buy 68,161 XTND common shares at an exercise price of $0.70 per share, expiring on December 30, 2035, as a director of Xtend AI Robotics, Inc.
How do Miller Austin Scott’s XTND stock options vest?
The option vests and becomes exercisable ratably on each monthly anniversary of November 1, 2025 over 36 consecutive months, becoming fully vested and exercisable on the third anniversary of that vesting commencement date, subject to continued service.
When do Miller Austin Scott’s XTND options expire?
The stock option reported for Miller Austin Scott expires on December 30, 2035. Any portion of the 68,161-share option that has vested but is not exercised by that date will no longer be exercisable after the expiration.
How were Miller Austin Scott’s XTND options acquired?
The filing states the shares underlying the option were acquired at the closing of the transactions under an Agreement and Plan of Merger among Xtend AI Robotics, Inc. and other parties, with the closing on September 3, 2026.
Is there any Rule 10b5-1 trading plan disclosed for Miller Austin Scott’s XTND holdings?
The Form 3 does not report any Rule 10b5-1 trading plan for Miller Austin Scott. The disclosure is limited to his stock option holding and its vesting, exercise price and merger-related acquisition details.
AI-generated analysis. How Rhea-AI works. Not financial advice.
