Form 4: Zapata Computing Holdings Inc. CEO Reports Changes in Beneficial Ownership

CEO Christopher Savoie reports acquisition and disposal of common stock and stock options related to the Zapata Computing's business combination.

Summary

• Christopher Savoie, CEO and President of Zapata Computing Holdings Inc., filed a Form 4 on April 01, 2024, reporting changes in beneficial ownership of the company's securities.
• The report details the acquisition of 687,026 shares of common stock and the disposal of 687,026 shares of common stock on March 28, 2024, received in accordance with the Business Combination Agreement.
• Additionally, 109,694 shares of common stock were acquired indirectly through the Reporting Person's spouse on the same date.
• The report also covers the acquisition of stock options: 345,589 options exercisable at $1.25 and 433,007 options exercisable at $2.02, both acquired on March 28, 2024.
• These transactions are related to the business combination agreement between Andretti Acquisition Corp., Tigre Merger Sub, Inc., and Zapata Computing, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing reporting transactions related to a previously announced business combination.

Positives

• The acquisition of shares and options by the CEO could be interpreted as a sign of confidence in the company's future prospects following the business combination.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company securities, providing transparency to investors.

Related Party Transactions

• The acquisition of shares by the CEO's spouse is a related party transaction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.

Key Dates

Keywords

Form 4, beneficial ownership, Zapata Computing, Christopher Savoie, stock options, common stock, business combination