Friscia Stephen 4
Research Summary
AI-generated summary
Q/C Technologies (QCLS) Director Stephen Friscia Receives Award
What Happened
- Stephen Friscia, a director of Q/C Technologies, was granted a derivative award covering 50,000 shares on April 13, 2026. The filing shows $0.00 paid for the award (code A — grant/award), so no cash was exchanged in the transaction. This is a compensation-style award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-13; Form 4 filed: 2026-04-15 (filed within the typical 2-business-day window).
- Transaction type/code: Award/Grant of a derivative security (Code A).
- Shares/units involved: 50,000 (acquired as a derivative interest); reported acquisition price: $0.00.
- Shares owned after transaction: not specified in the filing.
- Footnote: The granted stock options/derivative are subject to expiration if the reporting person ceases to be employed by or provide services to the issuer.
Context
- This filing reports an award of a derivative security (likely stock options or similar); it does not indicate an immediate cash purchase or sale of common stock. Such grants are commonly used for director/employee compensation and do not by themselves signal a buy or sell decision by the insider.
- Check future filings for vesting schedules, exercises, or sales that convert these derivatives into actual shares.