Kinsella Matthew John 4

What Happened

• Matthew J. Kinsella, CEO of Infleqtion, exercised 545,824 options at $0.90 per share (cost $491,242) and the Form 4 shows a corresponding disposition of 545,824 derivative shares at $0.00. He also sold a total of 769,954 shares in multiple open-market transactions on May 22 and May 26, 2026 for aggregate proceeds of roughly $13.12 million. The sales were reported across several blocks at weighted-average prices (see Key Details).

Key Details

• Transaction dates: primarily May 22, 2026; an additional sale on May 26, 2026.
• Exercise: 545,824 shares @ $0.90 (total cash paid ~$491,242).
• Sales (total disposed = 769,954 shares; total proceeds ≈ $13.12M) — reported blocks and weighted-average prices:
  • 75,681 shares @ $16.32 (F1)
  • 453,865 shares @ $17.31 (F2)
  • 16,278 shares @ $17.91 (F3)
  • 112,065 shares @ $17.75 (F4)
  • 112,065 shares @ $15.56 (May 26, F6)
  • Note: several sales are reported as weighted averages across price ranges (see footnotes F1–F4, F6); the filer offers to provide per-trade price breakdowns on request.
• The Form 4 also reports a disposition of 545,824 derivative shares at $0.00 (reported as “Derivative”), which is commonly used to reflect surrendered/withheld shares in connection with exercises or tax withholding.
• Shares owned after these transactions: the filer states he still beneficially owns shares equal to approximately 3.4% of outstanding common stock (calculation based on 221,099,150 shares outstanding as of May 22, 2026 plus certain exercisable options).
• Ownership vehicles noted: some shares are held via Kinsella Investment Holdings, LLC and family trusts (F5–F8).
• Vesting: the exercised/options were fully vested (F9).
• Filing timing: Form 4 was filed May 27, 2026 reporting transactions on May 22, 2026 (Form 4s are generally required within 2 business days of the transaction).

Context

• This was mostly a liquidity event (option exercise followed by open-market sales). The exercise at $0.90 plus near-term sales (many at $15–$18) resulted in substantial net proceeds for the reporting person.
• The report does not state a 10b5-1 plan or gift; the $0.00 derivative disposition likely reflects share surrender/withholding rather than a market sale.
• Facts only — filings show what occurred, not the insider’s motivation. Purchases generally carry more interpretive weight for bullish signals; here the primary market action was sales following an option exercise.