Form 4: Fusemachines Head of Tech Reports Post-Merger Stock & Options

Anish Joshi, Head of Technology at Fusemachines Inc., reported the acquisition of 177,667 common shares and 65,802 stock options following the company's business combination.

Summary

• Anish Joshi, Head of Technology at Fusemachines Inc. (FUSE), reported changes in beneficial ownership of common stock and options.
• On October 22, 2025, Joshi acquired 177,667 shares of Fusemachines Inc. common stock at a price of $10 per share, resulting in a direct beneficial ownership of 177,667 shares.
• This acquisition was pursuant to a merger agreement dated January 22, 2024, and amended on August 27, 2024, where each outstanding share of Old Fusemachines common stock was converted into New Fusemachines common stock at a conversion ratio of 0.6580.
• Joshi also acquired 32,901 options to purchase common stock with an exercise price of $1.95, exercisable from October 22, 2025, and expiring on December 19, 2033.
• Additionally, Joshi acquired another 32,901 options to purchase common stock with an exercise price of $6.78, exercisable from October 22, 2025, and expiring on January 19, 2034.
• These options were also converted from Old Fusemachines options to New Fusemachines options under the Business Combination Agreement, with adjustments to the number of shares and exercise price based on the 0.6580 conversion ratio.

Sentiment

Score: 5

Explanation: The filing is a neutral, compliance-oriented report detailing an executive's equity conversion post-merger. It does not contain information that would typically indicate positive or negative sentiment regarding company performance or outlook.

Positives

• The filing indicates a successful conversion of equity holdings for a key executive following a business combination, ensuring continuity of their stake in the new entity.
• The executive's continued equity ownership aligns their interests with those of the shareholders of the combined entity.

Future Outlook

This filing is a compliance report of past transactions and does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing represents a standard post-merger equity conversion for an executive, a common occurrence in business combinations where equity holdings in the acquired entity are exchanged for equivalent holdings in the new or surviving entity. Such conversions are routine compliance matters following M&A activities.

Management Changes

Stakeholder Impact

• Shareholders: The filing provides transparency regarding an executive's equity holdings post-merger, which is standard for corporate governance.
• Reporting Person (Anish Joshi): Directly impacts their personal equity stake in Fusemachines Inc. following the business combination.

Key Dates

Keywords

Fusemachines, FUSE, Anish Joshi, Form 4, Insider Transaction, Beneficial Ownership, Stock Options, Merger, Business Combination, Equity Conversion, Head of Technology