QumulusAI (QMLS) Chief Growth Officer Stephen Gertz Receives Award

What Happened Stephen Ralph Gertz, Chief Growth Officer of QumulusAI, received four restricted stock unit awards on 2026-09-01 totaling 214,454 shares. All awards were granted at $0.00 (RSUs, no cash paid). The four grants break down as 46,848; 58,329; 90,112; and 19,165 RSUs, with vesting schedules described in the filing.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (next-day filing).
• Price: $0.00 — these are restricted stock unit awards (code A).
• Total awarded: 214,454 RSUs (46,848 + 58,329 + 90,112 + 19,165).
• Vesting highlights (from footnotes):
  • 46,848 (F1): 11,712 shares vest 3/1/2027; remaining vested 6.25% quarterly over 12 quarters starting 6/1/2027, conditional on continued employment.
  • 58,329 (F2): vests 3/1/2027.
  • 90,112 (F3): 22,528 shares vest 9/1/2027; remaining vested 6.25% quarterly over 12 quarters starting 12/1/2027, conditional on continued employment.
  • 19,165 (F4): vests 10/1/2026.
  • F5 notes these 214,454 shares are to be issued upon vesting under the 2026 Equity Incentive Plan.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: appears timely (filed one day after the grant date).

Context These were grant awards (RSUs), not open-market purchases or sales — no cash was exchanged at grant and the shares vest over time if the executive remains employed. The economic value realized will depend on QumulusAI’s share price at each vesting date; grants signal compensation and retention incentives rather than an immediate trade or directional view.