SINGER DAVID B 4

What Happened
David B. Singer, a director of Infleqtion, Inc. (ticker INFQ; formerly Churchill Capital Corp X/Cayman), was issued equity in connection with the company’s merger on February 13, 2026. The Form 4 reports two derivative awards: 34,740 shares (listed with price N/A) and 29,950 derivative shares/options with a $0.00 strike. These awards were recorded as acquisitions (code A) and are derivative securities rather than open-market purchases or sales. One award is noted as fully vested; the other is subject to a time-based vesting schedule.

Key Details

• Transaction date: February 13, 2026; Form 4 filed February 18, 2026 (filed 5 days after transaction — appears late relative to the typical 2-business-day rule).
• Reported awards: 34,740 derivative shares (price N/A) and 29,950 derivative shares/options at $0.00 strike — total 64,690 shares/equivalents.
• Shares owned after transaction: Not specified on the filing.
• Notable footnotes:
  • Awards were issued pursuant to the merger and reorganization with ColdQuanta (footnote: merger conversion).
  • One award is fully vested; the other’s underlying shares vest 1/3 on Feb 17, 2027 and then 1/36th monthly thereafter (standard time-based vesting).
  • Legacy Company stock options were converted into Issuer options with the same terms.
  • Economic benefit of the director compensation passes to Maverick Ventures Investment Fund, L.P.; Singer disclaims beneficial ownership except for his pecuniary interest.
• Transaction type: Award/grant of derivative securities (code A), not a cash purchase or sale.

Context
These entries reflect merger-related equity awards and converted legacy options rather than open-market trades. Derivative awards and vested options do not by themselves indicate insider buying/selling sentiment. The time-based vesting on part of the grant means not all shares became immediately transferable. The filing date is later than typical Section 16 timing expectations, which the Form indicates by the later filing date.