Vault-13

CHURCHILL CAP CORP XII CXIIW

*W EXP 04/02/203 · Equity WRT · CUSIP G2131M110

27 institutional holders
2,214,9502.2m shares reported held*
$3.8mreported value*

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1.71. Options: 1 managers hold calls ($241.5k notional), 0 hold puts (—).

Trends to Q2 2026

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $241.5kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$241.5k$00.00

Biggest buyers

MMCAP International Inc. SPC New +270,000+270.0k
Magnetar Financial LLC New +270,000+270.0k
ADAGE CAPITAL PARTNERS GP, L.L.C. New +250,000+250.0k
Sculptor Capital LP New +224,600+224.6k
Fort Baker Capital Management LP New +199,998+200.0k
Lineage Point Capital LP New +112,395+112.4k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +100,000+100.0k
MOORE CAPITAL MANAGEMENT, LP New +100,000+100.0k
D. E. Shaw & Co., Inc. New +100,000+100.0k
Linden Advisors LP New +99,999+100.0k

Biggest sellers

None

Biggest calls

MILLENNIUM MANAGEMENT LLC New $241.5k142.1k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20261$3.5m0——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-04-29 Klein Michael Stuart +2 Officer, director · See footnote Bought 350,000 $10.00 $3.5m350.0k shares new

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MMCAP International Inc. SPC 0.04% of their portfolio GRAND CAYMAN, E9 270,000270.0k $459.0k $459.0k 0.04% New
2 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 270,000270.0k $459.0k $459.0k 0.00% New
3 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio Boston, MA 250,000250.0k $425.0k $425.0k 0.00% New
4 Sculptor Capital LP 0.00% of their portfolio New York, NY 224,600224.6k $381.8k $381.8k 0.00% New
5 Fort Baker Capital Management LP 0.03% of their portfolio Larkspur, CA 199,998200.0k $340.0k $340.0k 0.03% New
6 Lineage Point Capital LP 0.04% of their portfolio PALM BEACH, FL 112,395112.4k $191.1k $191.1k 0.04% New
7 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 100,000100.0k $170.0k $170.0k 0.00% New
8 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 100,000100.0k $170.0k $170.0k 0.00% New
9 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 100,000100.0k $170.0k $170.0k 0.00% New
10 Linden Advisors LP 0.00% of their portfolio New York, NY 99,999100.0k $191.5k $191.5k 0.00% New
11 LMR Partners LLP 0.00% of their portfolio LONDON, X0 75,00075.0k $127.5k $127.5k 0.00% New
12 Shaolin Capital Management LLC 0.01% of their portfolio Miami, FL 66,92066.9k $113.8k $113.8k 0.01% New
13 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 58,48058.5k $99.4k $99.4k 0.00% New
14 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 50,00050.0k $85.0k $85.0k 0.00% New
15 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 50,00050.0k $85.0k $85.0k 0.00% New
16 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 35,00035.0k $59.5k $59.5k 0.00% New
17 HBK INVESTMENTS L P 0.00% of their portfolio DALLAS, TX 30,00130.0k $51.0k $51.0k 0.00% New
18 Periscope Capital Inc. 0.01% of their portfolio Toronto, A6 29,90029.9k $50.8k $50.8k 0.01% New
19 K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio TORONTO, A6 21,96322.0k $37.3k $37.3k 0.00% New
20 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 19,42919.4k $33.0k $33.0k 0.00% New
21 CSS LLC/IL 0.00% of their portfolio CHICAGO, IL 12,44612.4k $21.2k $21.2k 0.00% New
22 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 10,00010.0k $17.0k $17.0k 0.00% New
23 BOUSSARD & GAVAUDAN GESTION SAS 0.00% of their portfolio PARIS, I0 10,00010.0k $14.1k $14.1k 0.00% First filing
24 Centiva Capital, LP 0.00% of their portfolio New York, NY 10,00010.0k $17.0k $17.0k 0.00% New
25 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 6,7196.7k $11.4k $11.4k 0.00% New
26 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 2,0002.0k $3.4k $3.4k 0.00% New
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 100100 $170 $170 0.00% New