Gokhale Pranav 4

What Happened

• Pranav Gokhale, Chief Technology Officer, was granted/received a mix of common shares and derivative awards on Feb 13, 2026 in connection with the merger that changed Churchill Capital Corp X’s name to Infleqtion, Inc. The filing shows a total of 2,898,347 shares/units across multiple entries. Two entries list 2,338,980 and 293,828 shares acquired at $0.00 (merger consideration); the remaining amounts (260,552; 347; 3,859; 781) are reported as derivative securities (converted/issued options or option-like awards) with N/A price/value.

Key Details

• Transaction date: Feb 13, 2026; Form 4 filed Feb 18, 2026 (filed five calendar days after the transactions; Form 4s are typically due within two business days, so this appears to be late).
• Total securities reported: 2,898,347 shares/units (2,632,808 shares reported as specific share amounts including two $0.00 entries; 265,539 reported as derivative securities).
• Reported cash paid: $0 for the entries that list $0.00 (merger consideration); derivative entries show N/A for price/value.
• Shares owned after transaction: not specified in the provided excerpt.
• Notable footnotes:
  • F1: Securities were received pursuant to the Agreement and Plan of Merger and Reorganization (ColdQuanta merger) and the issuer changed its name to Infleqtion, Inc.
  • F3: Legacy ColdQuanta stock options were converted into rights to receive Issuer stock options with same terms.
  • F2/F4/F5: Vesting details vary by grant — some grants were already partially or fully vested (F2: 50% vested May 10, 2024 with monthly vesting thereafter; F4: fully vested; F5: 1/48th monthly vesting commencing Feb 17, 2026).

Context

• These are awards and converted legacy option grants tied to a merger, not open-market purchases or sales. Derivative entries reflect option/award instruments (rights to receive shares under specified vesting schedules) rather than immediate cash transactions. Such merger-related issuances are routine corporate restructuring mechanics and do not by themselves indicate a buy/sell trading decision by the insider.