Sheikh Khurram P 4

What Happened
Sheikh Khurram P, CEO of CXApp Inc. (ticker: CXAI), was granted 794,393 Restricted Stock Units (RSUs) on June 18, 2026 as part of his annual director/compensation package. The filing reports the award with an acquisition price of $0 (typical for RSU grants); each RSU represents a contingent right to one share of Class A common stock and will vest in full on the first anniversary of the grant, subject to continued service.

Key Details

• Transaction date: June 18, 2026 (Form 4 filed June 23, 2026).
• Transaction type/code: A — Award/Grant of 794,393 RSUs. Reported acquisition price: $0.
• Vesting: RSUs vest in full one year after grant, contingent on continued service.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 describes the RSU grant and vesting condition; F2 notes securities held directly by JKSFS Crut, for which Mr. Sheikh is trustee, and he disclaims beneficial ownership except to the extent of his pecuniary interest.
• Timeliness: The Form 4 was filed five days after the grant; Form 4s are typically due within two business days, so this filing appears late.

Context
This was a compensatory equity grant (RSUs), not an open-market buy or sale. RSUs are a promise to deliver shares in the future (here, one year) rather than an immediate purchase or cash proceeds; their eventual value will depend on CXApp’s stock price at vesting. The trustee-held securities noted in the filing reflect holdings in a trust (JKSFS Crut) rather than direct beneficial ownership by Mr. Sheikh beyond any pecuniary interest.