QumulusAI Director Stacy Kenworthy Receives RSU Awards

What Happened

• Stacy Kenworthy, a director of QumulusAI, was granted two RSU awards on 2026-09-01 totaling 15,572 shares: 5,989 RSUs and 9,583 RSUs. Both grants show an acquisition price of $0.00 (awarded, not purchased), so the reported cash value is $0. This is an equity award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01. Form filed: 2026-09-02 (timely).
• Price: $0.00 per share; total reported value $0.
• Vesting (per footnotes):
  • 5,989 RSUs: 1,976 shares vest on Oct 1, 2026; the remainder vests 8.375% quarterly over eight quarters beginning Jan 1, 2027, conditioned on remaining a director (F1).
  • 9,583 RSUs: vest on Oct 1, 2026 (F2).
  • Combined: 15,572 RSUs to be issued upon vesting (F3).
• Shares owned after transaction: not reported on the Form 4; filing shows 15,572 RSUs outstanding subject to vesting.
• No 10b5-1, tax-withholding sale, or other special sale plan noted; awards are conditioned on continued service as a director.

Context

• RSUs are compensation/retention awards that convert to shares only upon vesting; they do not represent an immediate purchase or sale and typically do not indicate near-term trading by the insider. Purchases tend to be stronger signals of personal bullishness; grants are routine for directors and executives as part of pay and retention packages.