02/09/2026 | Press release | Distributed by Public on 02/09/2026 17:03
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Vennare Raymond F C/O AXE COMPUTE INC. 91 43RD STREET, SUITE 110 PITTSBURGH, PA 15201 |
X | Chief Executive Officer | ||
| /s/ Josh Blacher, Attorney -in-Fact | 02/09/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The grant consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting. The RSUs vested in full on January 1, 2026. This Form 4 is being filed late due to an inadvertent administrative oversight. Upon discovery of the oversight, the Reporting Person is filing this Form 4 promptly and intends to comply with all future filing requirements under Section 16(a) of the Securities Exchange Act of 1934. |
| (2) | The RSUs were settled on February 5, 2026. The Issuer withheld 6,758 shares of common stock to cover withholding tax, in accordance with the Restricted Stock Unit Award Agreement between Reporting Person and the Issuer. |
| (3) | As disclosed on the Form 8-K filed February 9, 2026, the Issuer's Board of Directors (the "Board") voted on February 6, 2026 to terminate, without cause, the employment of Reporting Person with the Issuer, effective as of February 9, 2026. In connection with his termination, Reporting Person entered into a separation agreement with the Issuer and resigned as Chairman and a member of the Board, each effective as of February 9, 2026. |