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|4Feb 18, 8:42 AM ET

Kinsella Matthew John 4

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Infleqtion (INFQ) CEO Matthew Kinsella Receives Awards

What Happened
Matthew J. Kinsella, CEO of Infleqtion, Inc. (formerly Churchill Capital Corp X, ticker INFQ), was granted multiple awards on Feb 13, 2026 in connection with the closing of the merger with ColdQuanta. The filing reports the acquisition of 1,178,676 shares issued at $0.00 and derivative/option-based rights covering 7,840,209 shares (total ≈ 9,018,885 shares/rights). These awards were issued pursuant to the merger agreement and include a mix of direct equity and converted legacy stock options/awards.

Key Details

  • Transaction date: Feb 13, 2026; Form 4 filed Feb 18, 2026 (timely given Feb 16 was a federal holiday).
  • Grants reported as: multiple A (award/acquisition) entries — some shares reported at $0.00 (direct shares) and others reported as derivative awards (N/A for price/value).
  • Counts: 560,327; 34,740; 101,882; 481,727 shares (issued at $0.00); plus derivative amounts of 5,950,380 and 1,889,829 (N/A). Total ≈ 9,018,885 shares/rights.
  • Holdings after transaction: not specified in the summary fields of the filing.
  • Notable footnotes:
    • F1: Grants received pursuant to the Agreement and Plan of Merger and Reorganization (ColdQuanta merger).
    • F5–F8/F6: Legacy ColdQuanta stock options were converted into Issuer options with the same terms; some options vested/accelerated on closing (2,275,146 shares accelerated and vested per F5); some awards are fully vested (F7) and some vest monthly beginning Feb 17, 2026 (F8).
    • F2–F4: Portions are held by entities/trusts (Kinsella Investment Holdings, LLC and family trusts) of which Mr. Kinsella is a trustee or has voting/investment power—he may be deemed to beneficially own those shares.

Context
These grants were merger consideration and converted legacy option awards, not open-market purchases or sales. Several option-based awards were accelerated or remain subject to continued service-based vesting schedules; some awards are fully vested. Awards received in mergers are common for executives as part of deal consideration and do not, by themselves, indicate the insider's personal buying or selling intent.