Michael Thomas Beer, Chief Financial Officer of Agility Robotics, Inc., filed a statement of changes in beneficial ownership on November 6, 2026, reporting the acquisition of 2,576,560 shares of Common Stock on November 4, 2026, in connection with the company's business combination.

Key Highlights

  • Reporting person: Michael Thomas Beer, Chief Financial Officer of Agility Robotics, Inc. (NASDAQ:AGLT)
  • Transaction date: November 4, 2026, with the filing submitted November 6, 2026
  • Shares acquired: 2,576,560 shares of Common Stock, received via transaction code "A" (acquired)
  • Source of shares: Common stock of Legacy Agility automatically converted into newly issued shares of the issuer pursuant to the Merger Agreement dated June 24, 2026
  • Post-transaction ownership: 2,576,560 shares held directly following the reported transaction
  • RSU vesting schedule: 25% on July 27, 2027, then in 12 substantially equal quarterly installments thereafter

CFO Beer's Share Acquisition Tied to Agility Robotics Business Combination

According to the filing, the 2,576,560 shares of Common Stock reported by Michael Thomas Beer were received as part of Agility Robotics, Inc.'s business combination. The issuer was formerly known as Churchill Capital Corp XI, and the transaction was governed by an Agreement and Plan of Merger and Reorganization dated June 24, 2026, among the issuer, BLB Merger Sub, Inc., and Agility Robotics, Inc. ("Legacy Agility"). Under the terms of that merger agreement, common stock of Legacy Agility automatically converted into newly issued shares of Common Stock of the issuer.

The filing further discloses that each Legacy Agility restricted stock unit ("RSU") was automatically converted into the right to receive RSUs of the issuer, pursuant to the terms of the Merger Agreement. The post-transaction beneficial ownership figure of 2,576,560 shares, as described in footnote 2, represents RSUs subject to a vesting schedule: 25% vesting on July 27, 2027, with the remainder vesting in 12 substantially equal quarterly installments following that date. All shares reported are held directly by the reporting person. No price was listed for the acquisition in the filing. The statement was signed by Chris Porcelli as Attorney-in-Fact on November 6, 2026.

Agility Robotics, Inc. is listed on NASDAQ under the ticker symbol AGLT. The company, formerly the shell entity Churchill Capital Corp XI, completed the merger with Legacy Agility to bring the robotics company into the public markets. Beer serves as the company's Chief Financial Officer and is subject to Section 16(a) reporting obligations as an officer of the issuer.

What Was Disclosed

The filing reports that CFO Michael Thomas Beer acquired 2,576,560 shares of Agility Robotics Common Stock on November 4, 2026, through conversion of Legacy Agility shares under the June 24, 2026 Merger Agreement, with no cash price recorded for the transaction.