Badakhsh Azad Sid 4

What Happened
Badakhsh Azad Sid, Chief Financial Officer and Treasurer of Arxis (ARXS), acquired a total of 403,864 Class A shares in mid‑April 2026. On 2026-04-16 Sid was awarded 367,864 shares of restricted stock (an equity award issued as a replacement for prior subsidiary interests after the IPO reorganization). On 2026-04-17 Sid purchased 36,000 shares in the open market at $28.00 per share, a transaction valued at $1,008,000. These were purchases/awards (not sales), which are commonly viewed as insider buys rather than dispositions.

Key Details

• Transaction types: Award/Grant (A) on 2026-04-16; Open‑market Purchase (P) on 2026-04-17.
• Purchase price/value: 36,000 shares × $28.00 = $1,008,000. Award price listed as N/A (restricted stock grant).
• Vesting/footnotes: Footnote F1 — of the 367,864 restricted shares, 331,080 remain subject to time‑vesting conditions. Footnote F2 — the 36,000 shares were bought through the directed share program tied to the issuer’s IPO.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Filing timeliness: Form 4 filed 2026-04-20 for transactions on 2026-04-16 and 2026-04-17; this filing is within the standard two‑business‑day SEC reporting window.

Context
The 367,864 share award is restricted stock issued as replacement equity from a subsidiary due to the company’s IPO reorganization; most of those shares remain time‑vested, so they are not immediately liquid. The 36,000‑share open‑market purchase was an outright buy by the CFO and represents a cash investment of about $1.01M. As always, these facts are disclosures of insider activity and do not, by themselves, indicate future company performance.