Klein Michael Stuart 4

What Happened

• Michael Stuart Klein (reported as a 10% owner and former CEO/Chairman of CCX) reported conversions and other derivative-related transactions tied to the February 2026 business combination and domestication. The Form 4 shows: conversion/acquisition of 10,650,000 shares, conversion/disposition of 10,350,000 shares (derivative), and acquisition of 75,000 shares (derivative). No cash price is reported for these transactions (price: N/A) — these were conversions/structural changes rather than open-market buys/sells.

Key Details

• Transaction date(s): February 12, 2026. Form filed: February 17, 2026.
• Reported amounts: +10,650,000 shares (conversion/acquired), -10,350,000 shares (conversion/disposed, derivative), +75,000 shares (other acquisition, derivative). No per-share price or dollar total reported (N/A).
• Shares/warrants context: The transactions relate to the merger of Legacy Infleqtion into the issuer and the issuer’s domestication to Delaware; CCX units separated into shares and warrants (300,000 units → 300,000 shares + 75,000 warrants). The 75,000 shares reported relate to warrants that become exercisable 30 days after completion of the mergers.
• Holdings: Reported securities are held directly by the Sponsor; Klein is the controlling stockholder of the Sponsor. The filing disclaims beneficial ownership except to the extent of pecuniary interest. The Form does not state an exact post-transaction total share count for Klein.
• Timeliness: Transactions dated Feb 12; Form filed Feb 17. Form 4s are generally due within two business days of the transaction, so this filing appears later than the typical two-business-day window.

Context

• These entries are derivative conversions tied to a corporate transaction (merger and domestication), not open-market purchases or sales based on market timing. For retail investors, that means the movements reflect corporate restructuring and unit/warrant conversions rather than an insider buying or selling shares for investment reasons. The warrants referenced will only be exercisable after the stated post-merger waiting period.