Form 4 for XTIA XTI Aerospace, Inc.
Accepted 2024-03-14 00:00:00 ET · period of report 2024-03-12 · accession 0001213900-24-022760 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-14 | 2024-03-12 | XTIA | Pomeroy Scott | CEO | A - Grant | — | +357.0K | 357.0K | New | — |
| D | 2024-03-14 | 2024-03-12 | XTIA | Pomeroy Scott | CEO | A - Grant | — | +535 | 535 | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock | 2024-03-12 | A | A | 357,039 | — | 357,039 | D | — | — | (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. (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the Merger (as amended, the "Effective Time"), each share of legacy XTI common stock was converted into the right to receive 0.0892598 shares of Parent's common stock, At the Effective Time, Parent changed its name to XTI Aerospace, Inc. |
| 2 | Derivative | Option (right to buy) | 2024-03-12 | A | A | 535 | — | 535 | D | $18.71 · — to 2032-12-31 | 535 Common Stock | (F2) 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 multiplied by 0.0892598 (rounded up to the nearest whole cent). (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. (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the Merger (as amended, the "Effective Time"), each share of legacy XTI common stock was converted into the right to receive 0.0892598 shares of Parent's common stock, At the Effective Time, Parent changed its name to XTI Aerospace, Inc. (F3) These options were exercisable as of the Effective Time. |