QS Energy (QSEP) CEO Kyte Bond Receives 500,000-Share Option Award

What Happened

• Kyte Cecil Bond, CEO of QS Energy, was granted two derivative awards on 2026-01-01 covering 333,333 and 166,667 shares (500,000 total). The filing lists these as grants/awards (code A) of derivative securities; no per-share price or grant-date dollar value is provided in the Form 4.

Key Details

• Transaction date: 2026-01-01 (Form 4 filed 2026-08-28 — the filing was submitted well after the typical two-business-day deadline)
• Award amounts: 333,333 shares and 166,667 shares (500,000 shares total, derivative)
• Price/value: Not disclosed on the Form 4 (listed as N/A)
• Vesting: Per footnote F1, the options vest at 1/12 per month starting 1/1/2026, fully vested on 12/31/2026
• Other footnotes: Awards were issued in accordance with the Company’s Director Compensation Policy
• Shares owned after transaction: Not stated in the provided filing

Context

• These are derivative awards (stock options or similar) rather than open-market purchases or sales; they do not represent immediately tradable common shares until vested and, if applicable, exercised.
• Monthly vesting means the CEO will accrue vested portions over 2026 rather than receiving all shares up front.
• The Form 4 was filed months after the transaction date; under SEC rules Form 4s are normally due within two business days of the reportable event, so the late filing is a timeliness note for investors.