QumulusAI (QMLS) SVP Andrew Glickler Receives Stock Award

What Happened Andrew Mark Glickler, Senior Vice President, Finance of QumulusAI, was granted two restricted stock unit awards on 2026-09-01 totaling 70,273 RSUs (12,777 RSUs and 57,496 RSUs). Both grants are reported at $0 per share (no cash exchanged) and are awards under the QumulusAI, Inc. 2026 Equity Incentive Plan. These are compensation grants, not open-market purchases or sales.

Key Details

• Transaction date: 2026-09-01; filing date: 2026-09-02 (filed within the standard 2-business-day Form 4 window).
• Grant amounts and prices: 12,777 RSUs @ $0.00 and 57,496 RSUs @ $0.00 (total 70,273 RSUs).
• Vesting (per footnotes):
  • 12,777-RSU grant: 3,194 shares vest on March 1, 2027; then 6.25% of the remaining shares vest quarterly over 12 quarters beginning June 1, 2027 (F1).
  • 57,496-RSU grant: 14,374 shares vest on September 1, 2027; then 6.25% of the remaining shares vest quarterly over 12 quarters beginning December 1, 2027 (F2).
  • Aggregate: 70,273 RSUs to be issued upon vesting, all conditioned on continued employment (F3).
• Shares owned after transaction: the filing reports the RSUs to be issued upon vesting but does not specify total beneficial ownership on Form 4 beyond these awards.
• Transaction code: "A" = Award/Grant. No tax-withholding or sale reported in this filing.

Context RSUs are a form of equity compensation that convert to shares only if/when they vest; they do not represent immediately tradable shares. For investors, this is a compensation/retention event — not a direct buy or sell signal. If and when the RSUs vest and shares are issued, that will increase the company’s outstanding shares (potential dilution) but does not indicate the insider’s buying or selling intent.