DAVID BRODY - 12 Mar 2024 Form 4 Insider Report for XTI Aerospace, Inc. (XTIA)

Role
Director, 10%+ Owner
Signature
/s/ John Griffo, Attorney-in-fact for David Brody
Issuer symbol
XTIA
Transactions as of
12 Mar 2024
Transactions value $
$0
Form type
4
Filing time
14 Mar 2024, 20:45:49 UTC
Next filing
14 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XTIA Common Stock Award +266,304 266,304 12 Mar 2024 Direct F1
transaction XTIA Common Stock Award +1,338,897 1,338,897 12 Mar 2024 By Jason S. Brody 2019 Trust F1, F2
transaction XTIA Common Stock Award +843,505 843,505 12 Mar 2024 By David E. Brody 2019 Spousal Trust F1, F3
transaction XTIA Common Stock Award +49,092 49,092 12 Mar 2024 By spouse F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Inpixon, Legacy XTI and Superfly Merger Sub Inc. (as amended, the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each share of legacy XTI common stock was converted into the right to receive 0.0892598 shares of Parent's common stock. At the Effective Time, Parent changed its name to XTI Aerospace, Inc.
F2 These shares are held in a trust for the benefit of the reporting person's child. The reporting person is the trustee of this trust.
F3 These shares are held in a trust for the benefit of the reporting person's spouse. The reporting person's spouse is the trustee of this trust.