Hinderberger Michael bought XTIA

March 12, 2024 · Form 4 insider transaction

Hinderberger Michael bought 15,301 shares of XTI Aerospace, Inc., a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Acquired (buy-side)
Shares
15,301
Price
N/A
Total value
N/A
Role—
SecurityOption (right to buy)
Transaction codeA: Grant or award
Transaction dateMarch 12, 2024
Filing dateMarch 14, 2024
Shares owned after15,301
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

Received in connection with Inpixon's ("Parent") business combination transaction (the "Merger") with XTI Aircraft Company ("Legacy XTI") in accordance with the terms of the Agreement and Plan of Merger, dated as of July 24, 2023, by and among Parent, Legacy XTI and Superfly Merger Sub Inc. (as amended, the "Merger Agreement"). At the effective time of the Merger (the "Effective Time"), Parent changed its name to XTI Aerospace, Inc.; Pursuant to the Merger Agreement, at the Effective Time, each option to purchase Legacy XTI common stock was assumed by Parent and converted into an option to purchase the number of shares of Parent's common stock (rounded down to the nearest whole number) that is equal to the number of shares of Legacy XTI common stock subject to the unexercised portion of such option immediately prior to the Effective Time multiplied by 0.0892598. The per share exercise price for the shares of Parent common stock issuable upon exercise of such option was set to the exercise price per share of such option in effect immediately prior to the Effective Time divided by 0.0892598 (rounded up to the nearest whole cent).; All of these options were exercisable as of the Effective Time.

View the original Form 4 on SEC EDGAR