October 28, 2025 · Form 4 insider transaction
TRANSOCEAN INTERNATIONAL Ltd bought 2,144,295 shares of KITT at $1.76 per share, a transaction worth $3.77M. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 3 days after the transaction.
The amount reported also includes 6,421 additional shares (the "Earnout Shares") of the Issuer's common stock issuable to the Reporting Person on or before September 9, 2027, pursuant to certain earnout conditions, as described in the Merger Agreement (as defined in the Reporting Person's Form 3 filed on September 23, 2022).