Caballero Ruben 4

What Happened

• Ruben Caballero, a director of Corvex, exercised stock options on June 25, 2026 to acquire 29,197 shares of Corvex common stock at an exercise price of $0.92 per share, for a reported cash outlay of $26,861. The Form 4 also reports a related entry showing a 29,197-share derivative disposition with $0.00 proceeds (reported as a separate derivative conversion/disposition).

Key Details

• Transaction date: 2026-06-25 (Form 4 filed 2026-06-26 — timely within SEC reporting window).
• Exercise: 29,197 shares at $0.92 = $26,861 (reported as Code M: option exercise/conversion).
• Related derivative entry: 29,197 shares reported as disposed at $0.00 (listed separately in the filing).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnotes: F1 notes a 2026 stock dividend (1.358-for-1) that adjusted share counts and prices; F2 notes the option award was originally granted contingent on a Plan Amendment and became exercisable after shareholder approval (Dec 16, 2025).

Context

• This was an exercise of options, not an open-market sale—no market sale of the acquired shares is recorded in the filing. For retail investors, option exercises can be routine (e.g., to vest/hold or for tax planning); they are not necessarily a directional signal like a purchase or sale. The filing reflects administrative adjustments tied to a recent stock dividend and the prior plan amendment that authorized the award.