Zapata Quantum CEO reports 32.5M share holding
Zapata Quantum, Inc. director and executive officer Sumit Kapur reports his updated ownership in the company.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3/A
Rhea-AI Filing Summary
Zapata Quantum, Inc. director and executive officer Sumit Kapur reports his updated ownership in the company. He directly holds 32,500,000 shares of common stock. He also holds stock options over 6,600,000 shares at exercise prices of $0.08 and $1.23 per share, plus warrants and a convertible note each convertible into additional common shares.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Kapur Sumit
Role
CEO and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Stock Options (Right to Buy) | -- | -- | -- |
| Holding | Convertible Promissory Note | -- | -- | -- |
| Holding | Warrants | -- | -- | -- |
| Holding | Stock Options (Right to Buy) | -- | -- | -- |
| Holding | Stock Options (Right to Buy) | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings:
Stock Options (Right to Buy) — 6,600,000 contracts (Direct);
Convertible Promissory Note — 2,500,000 contracts (Direct);
Warrants — 1,250,000 contracts (Direct);
Common Stock — 32,500,000 shares (Direct)
Footnotes (5)
- F1. The shares of restricted stock vest in equal monthly installments over a two-year period.
- F2. The stock options will become exercisable over four years from March 13, 2024, with 25% vesting on March 1, 2025 and the remainder vesting in equal monthly installments thereafter.
- F3. The Reporting Person purchased a convertible promissory note in the principal amount of $100,000 and an accompanying five-year warrant to purchase 1,250,000 shares of common stock, for a total purchase price of $100,000. The conversion price of the note and exercise price of the warrant are each $0.04 per share.
- F4. The grant of stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The stock options shall vest in equal monthly increments over two years, with the first vesting date to occur on November 9, 2025, subject to continued service as a director of the Issuer on each applicable vesting date and the execution of the Issuer's Stock Option Agreement.
- F5. The grant of stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The stock options shall vest in equal monthly increments over four years, with the first vesting date to occur on November 9, 2025, subject to continued employment with the Issuer on each applicable vesting date and the execution of the Issuer's Stock Option Agreement.
Key Figures
Direct common shares: 32,500,000 shares
Stock options at $0.08: 5,000,000 shares
Additional options at $0.08: 1,000,000 shares
+4 more
7 metrics
Direct common shares
32,500,000 shares
Common Stock holding as reported in Form 3/A
Stock options at $0.08
5,000,000 shares
Options, exercise price $0.08, expiring 2030-10-09
Additional options at $0.08
1,000,000 shares
Options, exercise price $0.08, expiring 2030-10-09
Stock options at $1.23
600,000 shares
Options, exercise price $1.23, expiring 2034-05-13
Warrants at $0.04
1,250,000 shares
Warrants, exercise price $0.04, expiring 2030-06-12
Convertible note underlying
2,500,000 shares
Convertible Promissory Note, conversion price $0.04, expiring 2026-06-12
Convertible note principal
$100,000
Principal amount stated in footnote F3
Key Terms
restricted stock, Stock Options (Right to Buy), Convertible Promissory Note, Rule 16b-3, +1 more
5 terms
restricted stock financial
"The shares of restricted stock vest in equal monthly installments"
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 Options (Right to Buy) financial
"security_title": "Stock Options (Right to Buy)""
Convertible Promissory Note financial
"security_title": "Convertible Promissory Note""
A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.
Rule 16b-3 regulatory
"exempt from Section 16(b) ... by virtue of Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
vesting financial
"shall vest in equal monthly increments over two years"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Sumit Kapur report owning in Zapata Quantum (ZPTA) common stock?
Sumit Kapur reports direct ownership of 32,500,000 shares of Zapata Quantum common stock. This figure reflects his reported holding as of the transaction date in the Form 3/A amendment, showing his equity stake as a director and executive officer.
What stock options does Sumit Kapur hold in Zapata Quantum (ZPTA)?
Sumit Kapur holds stock options over 5,000,000 and 1,000,000 Zapata Quantum shares at an exercise price of $0.08, expiring in 2030. He also holds options over 600,000 shares at $1.23 per share, expiring in 2034, subject to stated vesting schedules.
What warrants linked to Zapata Quantum (ZPTA) does Sumit Kapur hold?
Sumit Kapur holds warrants exercisable for 1,250,000 shares of Zapata Quantum common stock at an exercise price of $0.04 per share. These warrants are scheduled to expire in 2030, according to the reported derivative holdings in the Form 3/A data.
What are the terms of Sumit Kapur’s convertible promissory note in Zapata Quantum (ZPTA)?
Kapur purchased a convertible promissory note with a principal amount of $100,000, convertible at $0.04 per share into 2,500,000 common shares. The note is accompanied by a five-year warrant for 1,250,000 shares, both using the same per-share price.
How do Sumit Kapur’s Zapata Quantum (ZPTA) derivatives vest over time?
Certain restricted stock and option grants vest in monthly installments over two or four years, with some schedules starting in 2025. Vesting is conditioned on continued service or employment and, for some grants, execution of the company’s stock option agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
