Allen Jennifer H. 4

What Happened Jennifer H. Allen, Chief Legal Officer and Secretary of Arxis, received an award of 53,695 shares of Class A Common Stock on 2026-04-16. The award is reported as an acquisition (transaction code A); no cash price or immediate value is shown (N/A) because these are restricted shares issued as a replacement for prior subsidiary equity.

Key Details

• Transaction date: 2026-04-16; Form 4 filed 2026-04-20 (timely filing).
• Transaction type/code: Grant / Award (A).
• Shares awarded: 53,695 Class A Common shares; price: N/A (restricted stock).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Awarded shares are restricted and remain subject to time‑vesting conditions; issued in replacement of equity interests in a subsidiary as part of the issuer’s IPO reorganization (footnote F1).
• No 10b5-1 plan, tax‑withholding, or sale reported in this filing.

Context This award reflects a post‑IPO reorganization converting prior subsidiary equity into Arxis Class A restricted stock; because the shares are time‑vesting, they are not immediately liquid. Awards like this are typically compensation/retention measures and are different from open‑market purchases or sales—they don't by themselves indicate insider buying or selling intent.