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QT IMAGING HOLDINGS, INC.·4

Mar 24, 9:42 PM ET

Weiner Zeev 4

Research Summary

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QT Imaging (QTI) Director Zeev Weiner Exercises Options, Receives RSUs

What Happened

  • Zeev Weiner, a Director of QT Imaging Holdings, exercised stock derivatives on March 17, 2026, acquiring 23,054 shares in two exercises: 8,888 shares at $2.25 (cost $19,955) and 14,166 shares at $2.00 (cost $28,261), totaling $48,216. The Form 4 also reports matching “disposed” derivative entries at $0 for the same share counts on March 17, which typically reflect shares surrendered as part of the option exercise/net settlement (not an open-market sale). On March 20, 2026, Weiner was granted 3,500 Restricted Stock Units (RSUs) (recorded at $0 on grant).

Key Details

  • Transaction dates and prices:
    • 2026-03-17: Exercised/options converted (Code M) — 8,888 shares @ $2.25 = $19,955 (acquired)
    • 2026-03-17: Exercised/options converted (Code M) — 14,166 shares @ $2.00 = $28,261 (acquired)
    • 2026-03-17: Disposition (derivative) — 8,888 shares @ $0.00 (disposed; derivative)
    • 2026-03-17: Disposition (derivative) — 14,166 shares @ $0.00 (disposed; derivative)
    • 2026-03-20: RSU grant (Code A) — 3,500 RSUs @ $0.00
  • Total exercised: 23,054 shares for $48,216.
  • Shares owned after transaction: Not specified in the provided filing excerpts.
  • Footnotes of note:
    • Beneficial ownership numbers reflect a 3-for-1 reverse stock split effected Oct 23, 2025.
    • The 3,500 RSUs vest 25% on each of May 15, Aug 15, Nov 15, 2026 and Feb 15, 2027; they vest immediately on a Change of Control.
  • Filing timeliness: Transaction date 2026-03-17; Form 4 filed 2026-03-24 (7 days later). SEC rule generally requires filing within two business days, so this appears later than the standard reporting window.

Context

  • The M-code transactions indicate option exercises (derivative conversion). The concurrent “disposed” entries at $0 are commonly used when option shares are surrendered or netted to cover exercise costs/taxes (a cashless or net-settlement-like process), not an open-market sale of shares.
  • The RSU grant is a standard equity award subject to vesting and does not by itself signal an immediate sale; vesting schedule and acceleration on a Change of Control are disclosed in the footnote.
  • No sale to the open market was reported here; the main activity is the insider converting options into shares and receiving an RSU grant.