JOHNSON KRISTINA M 4

What Happened

• Kristina M. Johnson, a director of Infleqtion, reported multiple transactions on May 28, 2026: she exercised/options-converted 30,000 shares at $0.90 (cost $27,000) and another 30,000-share derivative conversion shown at $0.00, and she sold a total of 50,000 shares in open-market transactions (20,000 shares at a weighted average $18.00 = $360,000; 30,000 shares at a weighted average $16.45 = $493,500). The two sales together generated approximately $853,500 in proceeds. Sales are typically routine disposition transactions; the filing shows both exercises/conversions and sales on the same date but does not state whether the sold shares were the newly exercised shares.

Key Details

• Transaction date: May 28, 2026; Form 4 filed June 1, 2026 (timely).
• Sales: 20,000 shares at weighted avg $18.00 (prices ranged $17.85–$18.05 per F1) = $360,000; 30,000 shares at weighted avg $16.45 (prices ranged $16.45–$16.47 per F3) = $493,500.
• Exercises/Conversions: 30,000 shares acquired at $0.90 ($27,000); 30,000-share derivative conversion reported at $0.00 (disposition recorded as $0).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F1/F3 explain weighted-average sale price ranges; F2 notes some shares are held by Catalyzer Ventures, LP Fund I (Dr. Johnson is a general partner and disclaims beneficial ownership except for her pecuniary interest); F4 describes a monthly vesting schedule (1/36 monthly beginning June 1, 2024) for certain option shares.
• No 10b5-1 plan, tax-withholding, or late-filing indication included in the excerpt.

Context

• The filing shows option exercise/conversion entries (code M) and open-market sales (code S) on the same day. That can indicate a simultaneous exercise-and-sell (cashless) pattern, but the Form 4 does not explicitly state whether sold shares were the newly exercised shares or pre-existing holdings—so avoid assuming the exact flow of shares.
• For retail investors: purchases (acquisitions) generally signal a clearer bullish personal view; here the only cash outlay reported is the $27,000 exercise. The larger activity reported is sales totaling roughly $853,500, which are often routine or liquidity-driven and do not by themselves indicate company performance.