Jonathan Hurst, Chief Robot Officer of Agility Robotics, Inc., filed a Form 4 on November 6, 2026, disclosing the acquisition of 12,422,709 shares of common stock and 230,050 stock options on November 4, 2026, as a result of the company's business combination with Churchill Capital Corp XI.

Key Highlights

  • Shares acquired: Jonathan Hurst received 12,422,709 shares of common stock on November 4, 2026, through the merger conversion.
  • Stock options converted: 230,050 stock options with an exercise price of $0.56 were also acquired on November 4, 2026, and are fully vested and exercisable, expiring December 14, 2033.
  • Merger basis: The securities were received pursuant to the Agreement and Plan of Merger and Reorganization dated June 24, 2026, among the issuer (formerly Churchill Capital Corp XI), BLB Merger Sub, Inc., and Legacy Agility Robotics, Inc.
  • Conversion mechanism: Legacy Agility common stock automatically converted into newly issued shares of the issuer, and Legacy Agility stock options converted into stock options of the issuer, per the merger agreement terms.
  • Ownership form: Both the common stock and the stock options are held directly by Hurst.
  • Role: Hurst is identified as Chief Robot Officer of Agility Robotics, Inc., traded as NASDAQ:AGLT.

Merger Conversion Drives Hurst's Initial Beneficial Ownership in Agility Robotics

According to the filing, Jonathan Hurst, serving as Chief Robot Officer of Agility Robotics, Inc. (NASDAQ:AGLT), reported the acquisition of 12,422,709 shares of common stock on November 4, 2026. The filing states that these securities were "received as part of the Issuer's business combination," specifically in connection with the Agreement and Plan of Merger and Reorganization dated June 24, 2026, among the issuer (formerly known as Churchill Capital Corp XI), BLB Merger Sub, Inc., and Agility Robotics, Inc. (referred to in the filing as "Legacy Agility"). Under the terms of that merger agreement, the common stock of Legacy Agility automatically converted into newly issued shares of common stock of the issuer.

In addition to the common shares, the filing discloses that Hurst acquired 230,050 stock options on the same date, November 4, 2026, also through the merger conversion. The filing notes that "each Legacy Agility stock option was automatically converted into the right to receive stock options of the Issuer, pursuant to the terms of the Merger Agreement." These options carry an exercise price of $0.56 and are described in the filing as "fully vested and exercisable," with an expiration date of December 14, 2033. Both the common stock and the stock options are reported as directly owned.

The Form 4 was signed on November 6, 2026, by Chris Porcelli as Attorney-in-Fact for Hurst. Following the reported transactions, Hurst's beneficial ownership stands at 12,422,709 shares of common stock and 230,050 derivative securities, both held directly, as disclosed in the filing.

What Was Disclosed

Jonathan Hurst, Chief Robot Officer of Agility Robotics, Inc. (NASDAQ:AGLT), disclosed the receipt of 12,422,709 shares of common stock and 230,050 fully vested stock options on November 4, 2026, through the conversion of Legacy Agility securities under the June 24, 2026 merger agreement.