Lego Catherine P 4
4 · Churchill Capital Corp X/Cayman · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Infleqtion (INFQ) Director Catherine Lego Receives Award
What Happened
Catherine P. Lego, a director, received two grants/awards totaling 477,680 and 82,801 shares (560,481 shares total) of Infleqtion, Inc. (ticker INFQ) on February 13, 2026. The shares were issued in connection with the Merger (conversion of ColdQuanta, Inc. Series C-1 preferred stock into common stock) and are reported as acquisitions (transaction code A). No per-share price is reported (N/A) because these were merger-related issuances rather than open-market trades.
Key Details
- Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-18 — filing appears late, 5 days after the transaction).
- Shares received: 477,680 and 82,801 (560,481 total).
- Repurchase/vesting: 103,739 of the shares are subject to the issuer’s repurchase right and vest 1/36 per month, fully vesting on December 10, 2026, contingent on continuous service (see footnote).
- Share origin: Shares issued upon conversion of the Company’s Series C-1 preferred stock as part of the Mergers; the acquiror changed its name to Infleqtion, Inc. (footnotes F1, F3).
- Beneficial ownership: Held directly by Lego Holdings, LP; Ms. Lego may be deemed to beneficially own those shares through voting and investment power (footnote F4).
- Filing timeliness: Marked late (filed 5 days after the reported transaction); late Form 4s can draw SEC scrutiny and are less timely for investors.
Context
These were merger-related equity issuances (conversion/awards) tied to the corporate reorganization, not open-market purchases or sales. Because some shares are subject to repurchase and vesting, a portion is contingent on continued service; such awards are common in M&A transactions and do not, by themselves, indicate a buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-13+477,680→ 477,680 total - Award
Common Stock
[F1][F3][F4]2026-02-13+82,801→ 82,801 total(indirect: See footnote)
Footnotes (4)
- [F1]Received pursuant to the Agreement and Plan of Merger and Reorganization, dated as of September 8, 2025, by and among Churchill Capital Corp X, a Delaware corporation now known as Infleqtion, Inc. ("Acquiror"), AH Merger Sub I, Inc., a direct, wholly-owned Subsidiary of Acquiror ("Merger Sub I"), AH Merger Sub II, LLC, a direct, wholly-owned Subsidiary of Acquiror ("Merger Sub II" and together with Merger Sub I, "Merger Subs") and ColdQuanta, Inc. (the "Company") pursuant to which (a) Merger Sub I was merged with and into the Company, and the Company continued as the surviving corporation and immediately thereafter, (b) the Company merged with and into Merger Sub II, and Merger Sub II became the surviving company and continued in existence as a wholly-owned subsidiary of Acquiror (collectively, the "Mergers"). In connection with the Mergers, Acquiror changed its name to Infleqtion, Inc. (the "Issuer").
- [F2]103,739 of the shares are subject to the Issuer's right of repurchase. Such shares vest 1/36 per month until fully vested on December 10, 2026, subject to the continuous service of the Reporting Person as of each such date.
- [F3]Represents shares of common stock of the Issuer issued upon conversion of the Company's Series C-1 preferred stock pursuant to the Mergers.
- [F4]Held directly by Lego Holdings, LP. Ms. Lego may be deemed to beneficially own shares held by Lego Holdings, LP by virtue of her voting power and investment power over such shares.