SEC Form 4 filed by Arcline Double Eagle Master Fund-A Lp
$ARXS
Military/Government/Technical
Industrials
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Issuer Name and Ticker or Trading Symbol
Arxis, Inc. [ ARXS ] | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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| 2a. Foreign Trading Symbol
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| 3. Date of Earliest Transaction
(Month/Day/Year) 04/16/2026 | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| 4. If Amendment, Date of Original Filed
(Month/Day/Year) |
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Convertible Common Stock | 04/16/2026 | A | 1(1)(2) | A | $0 | 1 | I | See Footnote(3) | ||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B Common Stock | (4) | 04/16/2026 | A | 340,676,786(5) | (4) | (4) | Class A Common Stock | 340,676,786(5) | (5) | 340,676,786(5) | D(5) | ||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. The Convertible Common Stock is convertible into a number of shares of Class B Common Stock (or Class A Common Stock if no Class B Common Stock is outstanding at the time of such conversion) representing the product of (i) 1.25% of the Issuer's fully diluted capital stock (including Class B or Class A Common Stock issuable upon such conversion) outstanding at the time of conversion multiplied by (ii) (A) two times (B) the value of one minus the quotient obtained by dividing (x) $28 (the "IPO Price") by (y) the stock price per Class A common stock at the time of conversion, subject to certain adjustments. The Convertible Common Stock will be convertible at the holder's option from April 17, 2031 until April 17, 2036; provided that prior to conversion, the price of Class A common stock must equal at least two-times the IPO Price. |
| 2. (Continued from footnote 1) The Convertible Common Stock will also provide for automatic conversion upon the occurrence of certain change of control events occurring after April 20, 2029. |
| 3. The Convertible Common Stock is held directly by Arcline Arxis Advisory I, L.P., which is indirectly controlled and owned by Rajeev Amara and Shyam Ravindran (See "Remarks" below). |
| 4. The Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at the option of the Reporting Persons and will automatically convert into Class A Common Stock on a one-for-one basis upon any transfer (other than a permitted transfer described in the Issuer's amended and restated certificate of incorporation) and in certain other circumstances described in the Issuer's amended and restated certificate of incorporation. The Class B Common Stock does not expire. |
| 5. Represents shares of Class B Common Stock issued to the Reporting Persons in replacement of equity interests in certain subsidiaries of the Issuer with equivalent value as a result of the reorganization effected in connection with the Issuer's initial public offering. These shares are held directly by Engineered Components Borrower Series LP - Engineered Polymer Series (71,544,608 shares), Engineered Components Borrower Series LP - Hawkeye Series (36,689,297 shares), Engineered Components Borrower Series LP - Ovation Series (122,746,592 shares), Engineered Components Borrower Series LP - Connector Series (91,338,254 shares), and Arcline Double Eagle Master Fund-A LP (18,358,032 shares). |
| Remarks: |
| This Form 4 is being filed by more than one Reporting Person. Arcline Investment Management, LP ("Arcline Investment Management") indirectly beneficially owns and controls each of Engineered Components Borrower Series LP - Engineered Polymer Series, Engineered Components Borrower Series LP - Hawkeye Series, Engineered Components Borrower Series LP - Ovation Series, Engineered Components Borrower Series LP - Connector Series, Arcline Double Eagle Master Fund-A LP and Arcline Arxis Advisory I, L.P., each of which entities is part of the 10% ownership group. Separately, the general partner of Arcline Investment Management is Arcline Holdings, LLC, which is also the general partner of Arcline Arxis Advisory I, L.P. Rajeev Amara and Shyam Ravindran, who are directors of the Issuer, are the Chief Executive Officer and President, respectively, of Arcline Investment Management and as such share voting and dispositive power over the shares held by such funds. Each of Rajeev Amara and Shyam Ravindran disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest in such shares, if any. |
| Arcline Double Eagle Master Fund-A LP., /s/ Rajeev Amara, Title: Authorized Signatory | 04/20/2026 | |
| Engineered Components Borrower Series LP - Engineered Polymer Series, /s/ Rajeev Amara, Title: Authorized Signatory | 04/20/2026 | |
| Engineered Components Borrower Series LP - Hawkeye Series, /s/ Rajeev Amara, Title: Authorized Signatory | 04/20/2026 | |
| Engineered Components Borrower Series LP - Ovation Series, /s/ Rajeev Amara, Title: Authorized Signatory | 04/20/2026 | |
| Engineered Components Borrower Series LP - Connector Series, /s/ Rajeev Amara, Title: Authorized Signatory | 04/20/2026 | |
| /s/ Rajeev Amara | 04/20/2026 | |
| /s/ Shyam Ravindran | 04/20/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||
| * Form 4: SEC 1474 (03-26) | ||