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XTI Aerospace, Inc. — Director's Dealing 2024
Mar 15, 2024
34690_dirs_2024-03-14_ffa7364e-5840-4c20-b2de-b038301f5fdc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: XTI Aerospace, Inc. (XTIA)
CIK: 0001529113
Period of Report: 2024-03-12
Reporting Person: Hinderberger Michael (CEO, XTI Aircraft Company)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-12 | Option (right to buy) | $19.61 | A | 44629 | Acquired | 2031-08-01 | Common Stock (44629) | Direct |
| 2024-03-12 | Option (right to buy) | $19.61 | A | 15301 | Acquired | 2031-12-28 | Common Stock (15301) | Direct |
| 2024-03-12 | Option (right to buy) | $19.61 | A | 4462 | Acquired | 2032-03-10 | Common Stock (4462) | Direct |
| 2024-03-12 | Option (right to buy) | $18.71 | A | 89259 | Acquired | 2032-07-01 | Common Stock (89259) | Direct |
| 2024-03-12 | Option (right to buy) | $18.71 | A | 89259 | Acquired | 2032-07-01 | Common Stock (89259) | Direct |
Footnotes
F1: Received in connection with Inpixon's ("Parent") business combination transaction (the "Merger") with XTI Aircraft Company ("Legacy XTI") in accordance with the terms of the Agreement and Plan of Merger, dated as of July 24, 2023, by and among Parent, Legacy XTI and Superfly Merger Sub Inc. (as amended, the "Merger Agreement"). At the effective time of the Merger (the "Effective Time"), Parent changed its name to XTI Aerospace, Inc.
F2: Pursuant to the Merger Agreement, at the Effective Time, each option to purchase Legacy XTI common stock was assumed by Parent and converted into an option to purchase the number of shares of Parent's common stock (rounded down to the nearest whole number) that is equal to the number of shares of Legacy XTI common stock subject to the unexercised portion of such option immediately prior to the Effective Time multiplied by 0.0892598. The per share exercise price for the shares of Parent common stock issuable upon exercise of such option was set to the exercise price per share of such option in effect immediately prior to the Effective Time divided by 0.0892598 (rounded up to the nearest whole cent).
F3: 17,852 of these options were exercisable as of the Effective Time. Remaining options will become exercisable based on a 4 year vesting schedule through August 2025.
F4: All of these options were exercisable as of the Effective Time.