Form 4: XTI Aerospace Director David Brody Reports Acquisition of Shares Through Business Combination
SEC Filing
Director David Brody reports acquiring shares of XTI Aerospace through a business combination, as detailed in a Form 4 filing with the SEC.
Summary
- David Brody, a director and 10% owner of XTI Aerospace, Inc. (XTIA), filed a Form 4 with the SEC.
- The filing reports the acquisition of common stock on March 12, 2024, as a result of Inpixon's business combination with XTI Aircraft Company.
- Brody directly acquired 266,304 shares of common stock.
- He indirectly acquired 1,338,897 shares through the Jason S. Brody 2019 Trust, 843,505 shares through the David E. Brody 2019 Spousal Trust, and 49,092 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 07/24/2023 | Date of the Agreement and Plan of Merger between Inpixon, Legacy XTI, and Superfly Merger Sub Inc. |
| 03/12/2024 | Date of the transaction where David Brody acquired shares of XTI Aerospace. |
| 03/14/2024 | Date of signature for the Form 4 filing. |
Keywords
XTI Aerospace, David Brody, Form 4, SEC, Beneficial Ownership, Acquisition, Shares, Business Combination, Inpixon, XTIA
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