QumulusAI (QMLS) 10% Owner Michael Aderhold Receives RSU Award

What Happened

• Michael Aderhold (reported as a 10% owner) was granted two restricted stock unit (RSU) awards on 2026-09-01 totaling 48,552 and 37,138 shares (85,690 RSUs). Each grant shows an acquisition price of $0.00 (award), so the reported aggregate value at grant is $0. The awards were made under the QumulusAI, Inc. 2026 Equity Incentive Plan and are conditioned on continued employment.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (timely filing).
• Transaction code: A (award/grant). Price per share reported: $0.00; aggregate reported value: $0.
• Vesting (per footnotes):
  • Grant of 48,552 RSUs: 12,138 shares vest on March 1, 2027; then 6.25% of the remaining shares vest quarterly over 12 quarters beginning June 1, 2027. (Footnote F1)
  • Grant of 37,138 RSUs: 9,285 shares vest on September 1, 2027; then 6.25% of the remaining shares vest quarterly over 12 quarters beginning December 1, 2027. (Footnote F2)
  • Filing notes a total of 85,690 shares to be issued upon vesting under the 2026 plan. (Footnote F3)
• Shares owned after the transaction: the filing does not state total shares owned post-grant; it reports the 85,690 RSUs pending vesting.
• No 10b5-1, tax-withholding sale, or exercise/sale noted — purely an award.

Context

• RSUs are a form of equity compensation that only convert to actual shares (and potential saleable stock) if vesting conditions are met; these grants do not represent an immediate cash transaction or open-market purchase/sale. As a reported 10% owner, this award appears to be compensation/retention-based rather than a public-market trade.