4/A: Mobix Labs Executive Corrects Form 4 Filing Regarding Option Acquisition
SEC Form 4/A
Keyvan Samini, President, CFO & Director of Mobix Labs, files an amended Form 4 to correct a previous report, clarifying the acquisition of options instead of shares.
Summary
- Keyvan Samini, President, CFO & Director of Mobix Labs, filed an amended Form 4 on February 27, 2025, to correct a previous filing from December 26, 2023.
- The amendment clarifies that Samini acquired options, not shares, in connection with the business combination between Chavant Capital Acquisition Corp., CLAY Merger Sub II, Inc., and Mobix Labs, Inc.
- The business combination closed on December 21, 2023, and Samini received 318,029 options exercisable into Class A Common Shares.
- These options are fully vested and exercisable with an exercise price of $0.17 and expire on August 10, 2030.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating a neutral to slightly positive sentiment as it ensures transparency and accuracy.
Positives
- The corrected filing provides accurate information regarding the executive's holdings.
- The options are fully vested, allowing immediate exercise.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, ensuring fair markets.
Key Dates
| Date | Description |
|---|---|
| 11/15/2022 | Date of the Business Combination Agreement between Chavant Capital Acquisition Corp., CLAY Merger Sub II, Inc. and Mobix Labs, Inc. |
| 12/21/2023 | Closing Date of the Business Combination and date of option acquisition. |
| 12/26/2023 | Date of original Form 4 filing that incorrectly reported the acquisition of shares. |
| 08/10/2030 | Expiration date of the options. |
| 02/27/2025 | Date of the amended Form 4 filing. |
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