Quantum Corp /DE/: Chief accounting officer Hiral Patel received 50,000 shares

What happened Hiral Patel, chief accounting officer, received a grant of 50,000 restricted stock units (RSUs). The Form 4 reports acquisition of 50,000 shares at $0.00 per share for a total reported value of $0.00 on Oct 1, 2026.

Key details

• Transaction date and code: Oct 1, 2026; transaction code A (award/grant); price $0.00 per share; total $0.00.
• Filing date: Oct 5, 2026.
• Shares owned after the transaction: not reported in the filing.
• Footnote F1: the RSUs represent a contingent right to receive one share each; they vest in 3 equal annual installments beginning on Oct 1, 2027, with a vesting commencement date of Oct 1, 2026, subject to Patel’s continued service through each vesting date.

Why it may matter This was an award of RSUs, not a market purchase or sale. A filing does not show why the insider traded or why the company acted.