Quantum Cyber (QUCY) CEO David E. Lazar Converts Preferred Shares

What Happened

• David E. Lazar, CEO of Quantum Cyber N.V., converted preferred (derivative) shares into 55,057,500 ordinary shares on August 5, 2026. The Form 4 shows three conversions of 9,000,000 shares at $9.00 (each worth $81,000,000) and one conversion of 28,057,500 shares at $225.00 (worth $6,312,937,500). Aggregate reported acquisition value on the filing is $6,555,937,500.
• The filing also reports the disposition (conversion/cancellation) of 3,124,700 preferred-share equivalents (three lots of 1,000,000 and one lot of 124,700) shown at $0.00. Per the filing footnote, these conversions followed shareholder approval (April 22, 2026) and were effected at the Reporting Person’s option for no additional consideration.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (appears timely).
• Acquired (ordinary shares): 55,057,500 total — (3 × 9,000,000 @ $9.00; 1 × 28,057,500 @ $225.00). Reported aggregate value: $6,555,937,500.
• Disposed (preferred/derivative): 3,124,700 total (3 × 1,000,000; 124,700) shown at $0.00.
• Shares owned after transaction: not provided in the summary data supplied.
• Footnotes: F1 — shareholder approval on April 22, 2026 made each class of Preferred Shares convertible at Lazar’s option for no additional consideration; on Aug 5 he elected to convert his Series A, B, C and 124,700 of Series D Preferred Shares. F2 — preferred classes are perpetual (no expiration).
• Filing type: conversion of derivative securities (not an open-market purchase or sale).

Context

• This was a conversion of preferred shares into ordinary shares, i.e., exchanging derivative securities for common stock, rather than a cash purchase or sale. Conversions like this are corporate/capital-structure events and do not by themselves indicate a buy/sell market signal.
• Note the filing lists large nominal values related to the converted shares; per F1 the conversions were effected at no additional consideration to the Reporting Person.