Wallace Michael J Wallace 4

What Happened
Michael J. Wallace, a director of X-Energy, acquired 1,000 shares at $23.00 each on April 27, 2026 (total $23,000) and received a grant of 6,522 restricted stock units (RSUs) on April 28, 2026 (no immediate cash cost). The purchase was made pursuant to a Directed Share Program in connection with X‑Energy’s initial public offering; the RSUs convert to one share each upon vesting.

Key Details

• Transaction dates/prices: 4/27/2026 — purchase of 1,000 shares @ $23.00 ($23,000); 4/28/2026 — grant of 6,522 RSUs @ $0.00.
• Vesting: RSUs vest on the earlier of April 27, 2027 or the 2027 Annual Meeting, subject to continued service.
• Ownership note: Filing indicates holdings include 17,540 shares of restricted stock. The Form 4 provided does not list a consolidated total beneficial ownership figure in the summary here.
• Filing: Form 4 filed 2026-04-29 (appears timely relative to the reported transaction dates).
• Footnotes: Purchase via Directed Share Program (IPO allocation); RSUs convert 1:1 to Class A common stock when vested.

Context
The purchase (P) and the award (A) are both acquisitions — purchases can be a stronger signal of direct financial exposure, while RSU grants are compensation and subject to vesting and service requirements. Directed share program purchases tied to an IPO are allocations from the offering rather than routine open-market buying, and RSUs do not represent immediately tradable shares until they vest.