A Form 4 filed on November 6, 2026 discloses that Daniel Diez, President of Agility Robotics, Inc. (NASDAQ:AGLT), acquired two stock option grants totaling 3,220,699 shares of common stock on November 4, 2026, as a result of the company's business combination with the former Churchill Capital Corp XI.

Key Highlights

  • Reporting person: Daniel Diez, identified as President of Agility Robotics, Inc.
  • Transaction date: November 4, 2026, with both option grants recorded under transaction code A (acquired).
  • First option grant: 920,200 stock options at an exercise price of $0.56, expiring April 19, 2034, held directly.
  • Second option grant: 2,300,499 stock options at an exercise price of $2.86, expiring November 9, 2035, held directly.
  • Merger origin: Both grants represent Legacy Agility stock options automatically converted into Issuer stock options pursuant to the Agreement and Plan of Merger and Reorganization dated June 24, 2026.
  • Vesting schedule: Each grant vests as to 25% of underlying shares on April 19, 2025, with the remainder vesting in 36 substantially equal monthly installments thereafter.

Stock Options Converted in Agility Robotics and Churchill Capital Corp XI Business Combination

According to the filing, Daniel Diez, serving as President, reported the acquisition of two stock option grants on November 4, 2026. The filing attributes both grants to the company's business combination, executed pursuant to the Agreement and Plan of Merger and Reorganization dated June 24, 2026, by and among the Issuer (formerly known as Churchill Capital Corp XI), BLB Merger Sub, Inc., and Agility Robotics, Inc. ("Legacy Agility").

The filing states that, under the merger terms, each Legacy Agility stock option "was automatically converted into the right to receive stock options of the Issuer." The first converted option covers 920,200 shares at an exercise price of $0.56 per share, with an expiration date of April 19, 2034. The second covers 2,300,499 shares at an exercise price of $2.86 per share, expiring November 9, 2035. Both options are held directly by Diez, and no shares appear in Table I, indicating no non-derivative securities were reported in this filing.

The filing describes the vesting terms for both grants as follows: 25% of the underlying shares vested on April 19, 2025, with the remaining shares vesting in 36 substantially equal monthly installments thereafter. The Form 4 was signed by Chris Porcelli as Attorney-in-Fact on behalf of Diez and was filed on November 6, 2026.

What Was Disclosed

Agility Robotics President Daniel Diez reported acquiring two converted stock option grants totaling 3,220,699 shares on November 4, 2026, both arising from the merger with Legacy Agility under a June 24, 2026 agreement, with exercise prices of $0.56 and $2.86 respectively.