{ "schema": "aic-customer-warrant-note/1", "checked_on": "2026-09-27", "publication_status": "free_public_research_annotation", "scope": "Selected public records for two separate customer warrants; not a full amendment search, valuation, bank audit or September status certification.", "sources": [ { "id": "amd_grant_8k", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189d8k.htm", "locator": "Item 1.01, Warrant", "filing_id": "amd_2025_8k" }, { "id": "amd_executed_warrant", "url": "https://ir.amd.com/financial-information/sec-filings/content/0001193125-25-230895/d28189dex41.htm", "locator": "Sections 1, 2(a)-(c), 4; Exhibits E and F", "filing_id": "amd_2025_8k" }, { "id": "amd_q2_status", "url": "https://www.sec.gov/Archives/edgar/data/2488/000000248826000123/amd-20260627.htm", "locator": "Note 12, Warrants", "filing_id": "amd_2026_q2" }, { "id": "cerebras_q2_vesting", "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/R19.htm", "locator": "Note 12, Common Stock Warrants, OpenAI", "filing_id": "cerebras_2026_q2" }, { "id": "cerebras_july_exercise", "url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/R24.htm", "locator": "Note 17, OpenAI Warrant Exercise", "filing_id": "cerebras_2026_q2" } ], "filings": [ { "id": "amd_2025_8k", "accession": "0001193125-25-230895", "index_url": "https://www.sec.gov/Archives/edgar/data/2488/000119312525230895/0001193125-25-230895-index.htm", "filing_date": "2025-10-06", "accepted_as_displayed": "2025-10-06 07:04:49", "accepted_timezone": null, "period_of_report": "2025-10-05", "earliest_public_disclosure": null }, { "id": "amd_2026_q2", "accession": "0000002488-26-000123", "index_url": "https://www.sec.gov/Archives/edgar/data/2488/000000248826000123/0000002488-26-000123-index.htm", "filing_date": "2026-08-05", "accepted_as_displayed": "2026-08-04 17:40:01", "accepted_timezone": null, "period_of_report": "2026-06-27", "earliest_public_disclosure": null }, { "id": "cerebras_2026_q2", "accession": "0001628280-26-056357", "index_url": "https://www.sec.gov/Archives/edgar/data/2021728/000162828026056357/0001628280-26-056357-index.htm", "filing_date": "2026-08-12", "accepted_as_displayed": "2026-08-12 17:15:51", "accepted_timezone": null, "period_of_report": "2026-06-30", "financial_statements_issued_on": "2026-08-12", "earliest_public_disclosure": null } ], "instruments": [ { "id": "amd_openai_2025", "issuer": "Advanced Micro Devices, Inc.", "original_holder": "OpenAI OpCo, LLC", "grant_date": "2025-10-05", "original_underlying_share_ceiling": 160000000, "original_exercise_price_usd": "0.01", "share_class": "common stock", "terms_may_adjust": true, "source_ids": [ "amd_grant_8k", "amd_executed_warrant" ], "vesting_and_exercisability_separate": true, "detailed_vesting_schedule_public": false, "detailed_exercise_conditions_schedule_public": false, "redaction_basis": "Exhibits E and F in the selected public executed warrant contain redaction placeholders.", "current_2026_09_27_vested_shares": null, "current_2026_09_27_exercisable_shares": null, "current_holdings": null, "actual_cumulative_exercise_cash_receipts_usd": null, "null_reason": "Not established as current or received by the selected dated sources; not set to zero from a headline or historical status." }, { "id": "cerebras_openai", "issuer": "Cerebras Systems Inc.", "holder_label_in_selected_notes": "OpenAI", "exact_grant_date": null, "reported_underlying_share_ceiling": 33445026, "reported_exercise_price_usd": "0.00001", "share_class": "Class N common stock", "source_ids": [ "cerebras_q2_vesting", "cerebras_july_exercise" ], "exercise_method_for_july_event": null, "exact_share_delivery_date_for_july_event": null, "actual_exercise_cash_receipts_usd_for_july_event": null, "current_holdings": null, "null_reason": "The selected notes establish the reported states and partial exercise, but not these additional payment, delivery or current ownership fields. AMD settlement terms are not imported." } ], "observations": [ { "id": "amd_grant", "instrument_id": "amd_openai_2025", "kind": "grant", "event_date": "2025-10-05", "source_ids": [ "amd_grant_8k", "amd_executed_warrant" ], "shares_delivered_on_grant": null, "issuer_cash_receipts_usd": null, "interpretation": "Grant of a conditional warrant, not evidence that the ceiling shares or a headline equity value were delivered as cash." }, { "id": "amd_q2_no_vesting_or_exercisability", "instrument_id": "amd_openai_2025", "kind": "reported_as_of_state", "as_of": "2026-06-27", "vested_underlying_shares": 0, "exercisable_underlying_shares": 0, "source_ids": [ "amd_q2_status" ], "interpretation": "The source covers OpenAI and Meta; this record identifies the OpenAI instrument only. Historical reported zeros, not September observations or a zero warrant valuation." }, { "id": "cerebras_january_condition", "instrument_id": "cerebras_openai", "kind": "vesting_condition_satisfied", "event_month": "2026-01", "exact_event_date": null, "underlying_shares_in_reported_group": 4459337, "source_ids": [ "cerebras_q2_vesting" ] }, { "id": "cerebras_june_condition", "instrument_id": "cerebras_openai", "kind": "vesting_condition_satisfied", "event_month": "2026-06", "exact_event_date": null, "underlying_shares_in_reported_group": 5574171, "source_ids": [ "cerebras_q2_vesting" ] }, { "id": "cerebras_q2_unexercised", "instrument_id": "cerebras_openai", "kind": "reported_as_of_state", "as_of": "2026-06-30", "exercised_underlying_shares_of_vested_portion": 0, "source_ids": [ "cerebras_q2_vesting" ] }, { "id": "cerebras_july_partial_exercise", "instrument_id": "cerebras_openai", "kind": "reported_exercise", "event_month": "2026-07", "exact_event_date": null, "shares_reported_purchased_in_partial_exercise": 10033508, "source_ids": [ "cerebras_july_exercise" ], "interpretation": "Subsequent event; not part of the June 30 completed-exercise state. No bank receipt is inferred from multiplying this share count by the nominal strike." } ], "synthetic_settlement_example": { "status": "assumed_settlement_only_not_an_observed_company_event", "settlement_mechanics_source_id": "amd_executed_warrant", "assumptions": { "already_exercisable_underlying_rights": 1000000, "applicable_strike_usd": "0.01", "contract_defined_fair_market_value_usd": "300.00", "fair_market_value_is_live_quote": false, "other_conditions_assumed_satisfied": true, "fees_and_taxes_included": false }, "cash_exercise": { "gross_underlying_rights_consumed": 1000000, "whole_shares_delivered": 1000000, "issuer_exercise_cash_received_usd": "10000.00", "issuer_fractional_cash_paid_usd": "0.00", "issuer_net_settlement_cash_usd": "10000.00", "holder_net_reference_value_usd": "299990000.00" }, "cashless_exercise": { "gross_underlying_rights_consumed": 1000000, "net_share_entitlement_exact": "2999900/3", "whole_shares_delivered": 999966, "fractional_share_exact": "2/3", "issuer_exercise_cash_received_usd": "0.00", "issuer_fractional_cash_paid_usd": "200.00", "issuer_net_settlement_cash_usd": "-200.00", "holder_net_reference_value_usd": "299990000.00" }, "interpretation": "Fixed-reference-price settlement arithmetic, not option fair value, post-dilution value, an exercise forecast or actual funding. Full rights consumed is Y rather than net shares X." }, "derived_arithmetic": { "cerebras_two_reported_condition_groups_sum": 10033508, "amd_original_ceiling_times_original_strike_usd": "1600000.00", "amd_product_is_committed_or_observed_funding": false }, "published_on": "2026-09-28" }