QumulusAI (QMLS) Director David Rench Receives RSU Award

What Happened
David Rench, a director of QumulusAI, was granted two restricted stock unit (RSU) awards on September 1, 2026 totaling 19,166 shares (two grants of 9,583 RSUs each) at $0.00 per share. These are awards (code A) — not purchases or sales — and carry no immediate cash cost to the reporting person. The awards are unvested and will be issued upon satisfaction of the vesting conditions.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-02. Grant price: $0.00 per share.
• Total RSUs granted: 19,166 (9,583 + 9,583). Reported beneficially owned RSUs to be issued upon vesting: 19,166.
• Vesting (per footnotes): one 9,583-RSU award vests 3,162 shares on Oct 1, 2026, with the remainder vesting at 8.375% of the remaining shares quarterly over eight quarters beginning Jan 1, 2027 (conditioned on continued service as a director); the other 9,583-RSU award vests on Oct 1, 2026.
• These awards were granted under the QumulusAI, Inc. 2026 Equity Incentive Plan and are conditioned on the reporting person remaining a director through applicable vesting dates.
• Filing status: appears timely (filed the day after the transaction). No 10b5-1, tax-withholding sale, or cashless exercise reported.

Context
RSUs are common long-term compensation for directors; they do not represent immediately tradable shares until they vest. Because this transaction is an award (not a purchase or sale), it reflects compensation rather than a buying or selling signal. Retail investors should note the vesting schedule and service condition before treating this as an indication of insider conviction.