CRO Paul Lipman sells 100,000 shares of INFQ at $15.83; retains 20,000 shares plus 922,208 derivatives.
Paul Lipman, Chief Revenue Officer, sold 100,000 shares (100.0K shares) of Infleqtion at $15.83 for a total value of $1,583,000.00 ($1.6M), reducing his non-derivative holdings from 120,000 shares (120.0K shares) to 20,000 shares (20.0K shares). The company is unprofitable over its most recent full fiscal year with net income of $-30,263,000.00 ($-30.3M) on revenue of $9,461,000.00 ($9.5M) in the latest quarter. The transaction occurred at a price -27.4% from the 52-week high of $21.28, while the stock has risen 19.9% over the prior 90 days. Lipman retains substantial derivative holdings totaling 922,208 shares through two stock option vehicles, indicating continued material exposure to the company despite the substantial reduction in non-derivative shares.