Hart Ilan 4

What Happened
Ilan Hart, Chief Financial Officer of Churchill Capital Corp X (INFQ), was granted 420,355 derivative shares (reported as an award/acquisition) on February 13, 2026. The grant is reported at $0.00 (no cash paid on the grant), so there is no immediate purchase value recorded on the Form 4. This is a compensation award (derivative equity), not an open-market buy or sale.

Key Details

• Transaction date: 2026-02-13; transaction type: Grant/Award (code A); amount: 420,355 derivative shares; price reported: $0.00.
• Filing date / accession: Form 4 filed 2026-02-18 (filed after the two-business-day window; appears one business day late).
• Shares owned after transaction: not specified in the filing.
• Footnote (vesting): 1/4 of the shares underlying the award vest on October 27, 2026; thereafter 1/48th of the total vests each month on the same day, subject to continued service.
• Security type: derivative equity award (see vesting schedule); not a market trade.

Context
This is an executive compensation grant with a time-based vesting schedule — common practice and not an immediate market purchase or sale. Because it’s an award (derivative), its future value depends on vesting and the company’s share price at the time of any future sale or conversion. Retail investors should watch future Form 4s for vesting events, exercises, or any subsequent sales that would crystallize value.