MIGLINO CHRISTOPHER 4

What Happened

• Christopher Miglino, CEO and director of Axe Compute Inc. (AGPU), was granted a 500,000-share inducement stock option award on 2026-02-09. The Form 4 reports the grant as a derivative acquisition (code A) with an amount shown as $0 on the filing; the filing accession date is 2026-03-11.
• This is an award (compensation) rather than a market purchase or sale — no immediate sale or cash exercise occurred.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-03-11 (appears to be filed late; SEC Form 4s are generally due within two business days of the transaction).
• Reported amount: 500,000 shares (derivative award), value shown as $0 on the Form 4 filing.
• Shares owned after transaction: Not provided in the supplied excerpt of the filing.
• Notable footnotes:
  • F1: The stock option was granted as an inducement award pursuant to Nasdaq Listing Rule 5635(c)(4).
  • F2: Vesting: three-year schedule — 1/3 vests on the first anniversary of the grant, remainder vests in equal monthly installments over the next 24 months, subject to continued employment.
• Transaction code: A (award/grant of derivative securities).

Context

• This grant is an inducement option award intended as compensation and retention for the CEO; it vests over time and does not represent an immediate purchase or sale of shares. Derivative awards like this typically require the holder to remain employed through vesting dates to realize value and may have an exercise price and other terms that affect ultimate value (exercise price not shown in the provided data).
• Because the filing date is well after the transaction date, the report appears late — investors should note timeliness when tracking insider reporting but treat the award as a compensation event rather than an open-market insider buy or sell.