QHSLab (USAQ) 10% Owner Marvin Smollar Trust Distributes 2.23M Shares

What Happened
The Marvin Smollar Family Trust (a 10% beneficial owner) distributed all 2,226,280 shares of QHSLab, Inc. common stock on August 26, 2026. The transfer was recorded as a disposition by will/inheritance (code W) with $0 consideration — the shares were split equally between The Justin B. Smollar Irrevocable Trust dtd 2/13/2023 and The Jeremy L. Smollar Irrevocable Trust dtd 2/13/2023. This was an estate-administration distribution, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-08-26; Filing date: 2026-09-03 (Form 4 filed after the typical 2-business-day window).
• Transaction type/code: Disposition by will/inheritance (W). Price reported: $0.00; total shares transferred: 2,226,280.
• Shares owned after transaction (by Marvin Smollar Family Trust): 0.
• Recipients: Two irrevocable trusts (Justin B. Smollar and Jeremy L. Smollar), equal split; no consideration paid.
• Footnote: Trust held shares solely for estate administration per filing.

Context
A distribution under an estate or trust instrument generally reflects estate/administrative matters rather than a trading decision and does not necessarily indicate insider sentiment about the stock. As this involved a 10% owner (institutional/large-holder status), the transfer was reportable on Form 4; the late filing note indicates the Form 4 was submitted more than two business days after the transaction.