4//SEC Filing
Hinderberger Michael 4
Accession 0001213900-24-022756
CIK 0001529113other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 8:44 PM ET
Size
15.8 KB
Accession
0001213900-24-022756
Insider Transaction Report
Form 4
Hinderberger Michael
CEO, XTI Aircraft Company
Transactions
- Award
Option (right to buy)
2024-03-12+15,301→ 15,301 totalExercise: $19.61Exp: 2031-12-28→ Common Stock (15,301 underlying) - Award
Option (right to buy)
2024-03-12+89,259→ 89,259 totalExercise: $18.71Exp: 2032-07-01→ Common Stock (89,259 underlying) - Award
Option (right to buy)
2024-03-12+4,462→ 4,462 totalExercise: $19.61Exp: 2032-03-10→ Common Stock (4,462 underlying) - Award
Option (right to buy)
2024-03-12+89,259→ 89,259 totalExercise: $18.71Exp: 2032-07-01→ Common Stock (89,259 underlying) - Award
Option (right to buy)
2024-03-12+44,629→ 44,629 totalExercise: $19.61Exp: 2031-08-01→ Common Stock (44,629 underlying)
Footnotes (4)
- [F1]Received in connection with Inpixon's ("Parent") business combination transaction (the "Merger") with XTI Aircraft Company ("Legacy XTI") in accordance with the terms of the Agreement and Plan of Merger, dated as of July 24, 2023, by and among Parent, Legacy XTI and Superfly Merger Sub Inc. (as amended, the "Merger Agreement"). At the effective time of the Merger (the "Effective Time"), Parent changed its name to XTI Aerospace, Inc.
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each option to purchase Legacy XTI common stock was assumed by Parent and converted into an option to purchase the number of shares of Parent's common stock (rounded down to the nearest whole number) that is equal to the number of shares of Legacy XTI common stock subject to the unexercised portion of such option immediately prior to the Effective Time multiplied by 0.0892598. The per share exercise price for the shares of Parent common stock issuable upon exercise of such option was set to the exercise price per share of such option in effect immediately prior to the Effective Time divided by 0.0892598 (rounded up to the nearest whole cent).
- [F3]17,852 of these options were exercisable as of the Effective Time. Remaining options will become exercisable based on a 4 year vesting schedule through August 2025.
- [F4]All of these options were exercisable as of the Effective Time.
Documents
Issuer
XTI Aerospace, Inc.
CIK 0001529113
Entity typeother
Related Parties
1- filerCIK 0002005773
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 8:44 PM ET
- Size
- 15.8 KB