QumulusAI (QMLS) Director Gahan Patrick Joseph Receives Award

What Happened

• Gahan Patrick Joseph, a director of QumulusAI, received four restricted stock unit (RSU) awards totaling 294,900 shares on September 1, 2026. All awards were granted at $0.00 per share (no cash paid). The awards are service‑conditioned RSUs that vest according to the schedules below.

Key Details

• Transaction date: September 1, 2026; Form 4 filed September 2, 2026 (timely filing).
• Grants: 48,552; 166,237; 60,690; and 19,421 RSUs — total 294,900 RSUs — all recorded as acquisitions at $0.00.
• Vesting highlights (per footnotes):
  • 48,552 RSUs: 12,138 vest 9/1/2026, then 6.25% of the remainder each quarter for 12 quarters starting 12/1/2026 (service‑based).
  • 166,237 RSUs: vest on 9/1/2026 (one‑time vesting per award note).
  • 60,690 RSUs: 15,173 vest 9/1/2027, then 6.25% of the remainder each quarter for 12 quarters starting 12/1/2027.
  • 19,421 RSUs: staged vesting on 2/24/2027 (9,711), 5/24/2027 (4,855), and 8/24/2027 (4,855).
• Filing notes: Footnote F5 states the filing includes 116,525 shares to be issued upon vesting under a 2026 Equity Incentive Plan award (these are unvested and contingent on continued service).
• Shares owned after the transaction: the filing does not state a total post‑transaction ownership figure beyond the unvested RSUs disclosed.

Context

• These are restricted stock unit grants (award/acquisition code "A"), not open‑market purchases or sales. RSUs are compensation and vest over time based on continued service; they do not necessarily indicate immediate buying or selling intent. No sales, purchases for cash, option exercises, or 10b5‑1 plans are reported in this filing.