QumulusAI (QMLS) CTO Ryan DiRocco Receives 189,229 RSU Award

What Happened
Ryan Anthony DiRocco, Chief Technology Officer of QumulusAI, was granted three restricted stock unit (RSU) awards on September 1, 2026 totaling 189,229 shares (85,179; 94,313; 9,737). The grants were awards (code A) with an acquisition price of $0.00, so no cash was paid. These are compensation awards that convert to common shares as they vest and do not represent an open‑market purchase.

Key Details

• Transaction date and price: 2026-09-01; grant (A) at $0.00 per share. Form 4 filed 2026-09-02.
• Total shares granted: 189,229 RSUs. Aggregate reported to be subject to vesting; filing shows $0 cash value on grant.
• Immediate / scheduled vesting (from footnotes):
  • 85,179 RSUs: 21,295 vest on Sep 1, 2026; remaining vest 6.25% quarterly over 12 quarters starting Dec 1, 2026 (F1).
  • 94,313 RSUs: 23,578 vest on Sep 1, 2027; remaining vest 6.25% quarterly over 12 quarters starting Dec 1, 2027 (F2).
  • 9,737 RSUs: vest 4,869 on Feb 24, 2027; 2,434 on May 24, 2027; 2,434 on Aug 24, 2027 (F3).
  • Filing notes 167,934 shares are to be issued upon future vesting (F4) — the remainder vests per the schedules above.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Conditions: All awards are granted under the QumulusAI, Inc. 2026 Equity Incentive Plan and are conditioned on continued employment through vesting dates.
• Filing timeliness: Form 4 was filed the day after the report date; no late‑filing flag was provided.

Context
RSU grants are common executive compensation and reflect prospective ownership contingent on continued employment and vesting schedules. They differ from open‑market purchases (which may signal confidence) and from immediate sales. For retail investors, note these are future shares that may dilute outstanding shares over time as they vest; they do not represent an immediate cash investment by the insider.