Director Damion Shelton filed a Form 4 with the SEC on November 6, 2026, disclosing the acquisition of 9,938,151 shares of common stock and 230,050 stock options in Agility Robotics, Inc. (NASDAQ:AGLT) on November 4, 2026, as a result of the company's business combination with Legacy Agility Robotics, Inc.

Key Highlights

  • Shares acquired: Damion Shelton received 9,938,151 shares of Common Stock on November 4, 2026, through conversion of Legacy Agility common stock under the Merger Agreement.
  • Stock options converted: 230,050 stock options with an exercise price of $0.56 were also acquired on November 4, 2026, converted from Legacy Agility stock options.
  • Options fully vested: According to the filing, the stock option is "fully vested and exercisable," with an expiration date of December 31, 2027.
  • Merger basis: The securities were received pursuant to an 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 Legacy Agility Robotics, Inc.
  • Resulting ownership: Following the transactions, Shelton directly holds 9,938,151 shares of Common Stock and 230,050 derivative securities, both on a direct ownership basis.
  • Transaction code: Both the common stock and stock option transactions were coded "A" (acquisition), with no price listed for the common stock.

Shelton's Holdings Established Through Agility Robotics Merger Conversion

According to the filing, Damion Shelton, a director of Agility Robotics, Inc. (NASDAQ:AGLT), reported the acquisition of shares and stock options on November 4, 2026, as a direct result of the company's merger transaction. The issuer was formerly known as Churchill Capital Corp XI prior to the business combination. Under the terms of the Merger Agreement dated June 24, 2026, common stock held in Legacy Agility Robotics, Inc. "automatically converted into newly issued shares of Common Stock of the Issuer," and Legacy Agility stock options were "automatically converted into the right to receive stock options of the Issuer."

The filing reports that Shelton acquired 9,938,151 shares of Common Stock with a transaction code of "A," indicating acquisition. No purchase price is listed for the common stock, consistent with the conversion mechanism described in the footnotes. Following this transaction, Shelton directly holds 9,938,151 shares.

In Table II covering derivative securities, the filing discloses that Shelton also acquired 230,050 stock options with a conversion or exercise price of $0.56 per share, underlying 230,050 shares of Common Stock. The filing states the option is "fully vested and exercisable" and carries an expiration date of December 31, 2027. The form was signed by Chris Porcelli as Attorney-in-Fact on November 6, 2026.

What Was Disclosed

Agility Robotics director Damion Shelton disclosed the receipt of 9,938,151 shares of Common Stock and 230,050 fully vested stock options at $0.56, all acquired on November 4, 2026, through conversion of Legacy Agility securities under the June 24, 2026 Merger Agreement.