Lazar David E. 4

What Happened
David Lazar, CEO of Quantum Cyber N.V. (MYNZ), acquired two grants/awards on 2026-04-22: 1,000,000 Series D preferred shares and 1,000,000 Series E preferred shares at $1.50 per share (derivative securities). Each grant cost $1.5M for a combined cash consideration of $3.0M. These are additional to an earlier reported Feb 13, 2026 acquisition of 3,000,000 preferred shares (Series A–C) at $1.00 each.

Key Details

• Transaction date: April 22, 2026; Filing date: April 28, 2026 (filed after the typical 2-business-day Form 4 window).
• Securities acquired: 1,000,000 Series D preferred @ $1.50 ($1.5M) and 1,000,000 Series E preferred @ $1.50 ($1.5M). Total consideration for this filing: $3.0M.
• Holdings after transactions (preferred shares): total preferred reported = 5,000,000 (Series A–E: 3,000,000 from Feb 13 + 2,000,000 from Apr 22). The reporting person beneficially owns no ordinary (common) shares (Footnote F1).
• Conversion rights: Preferred shares are convertible at Lazar’s option for no additional consideration (Footnote F4). Per shareholder approval on April 22, 2026, each First Closing preferred (Series A–C) converts into 9 ordinary shares and each Second Closing preferred (Series D–E) converts into 225 ordinary shares (Footnote F3). That implies potential conversion into up to 477,000,000 ordinary shares (27,000,000 from Series A–C + 450,000,000 from Series D–E) if all preferred were converted.
• Other notes: Shareholders approved an increase in authorized ordinary shares (to at least 900,000,000), conversion mechanics, a reverse split, and board elections on April 22 (Footnote F3). Each preferred class is perpetual (no expiration) (Footnote F5).

Context
This filing records the acquisition of convertible preferred stock (derivative instruments), not immediate purchases of ordinary shares. Conversion is optional and would create a large number of common shares if exercised. The Apr 28 filing date is later than the usual 2-business-day Form 4 deadline, which may be noteworthy for investors tracking insider reporting timeliness. As always, this is a factual record of ownership changes and conversion rights, not a statement of intent or market prediction.