Quality Industrial insider converts Series B to 1.9M common shares

Rhea-AI Filing Summary

Quality Industrial Corp. (QIND) insider transaction: A company director reported converting 1,900 shares of Series B Convertible Preferred Stock into 1,900,000 shares of common stock on 10/28/2025. The conversion carried a reported price of $0 per share, indicating a non-cash conversion.

Following the transaction, the director directly beneficially owned 82,212,334 shares of common stock. The filing also shows 18,100 Series B preferred shares remaining beneficially owned after the reported transaction. Each Series B preferred share is convertible into 1,000 common shares and includes a 9.99% beneficial ownership limitation immediately after conversion.

Insider Trade Summary

Net Buyer: 1,900,000 shares

Net Buy 2 txns

Insider Fusion Fuel Green PLC

Role 10% Owner

Type	Security	Shares	Price	Value
Conversion	Series B Convertible Preferred Stock	1,900	$0.00	$0.00
Conversion	Common Stock	1,900,000	$0.00	$0.00

Holdings After Transaction: Series B Convertible Preferred Stock — 18,100 shares (Direct); Common Stock — 82,212,334 shares (Direct)

Footnotes (1)

1. F1. Each share of Series B Convertible Preferred Stock of the issuer is convertible, for no cash consideration, into 1,000 shares of common stock of the issuer at the option of the reporting person, except in the event that such conversion would result in such holder's beneficial ownership of the common stock of the issuer exceeding 9.99% of the outstanding common stock of the issuer immediately after conversion, and has no expiration date.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/29/2025 - 04:00 PM Learn about SEC filing dates

FAQ

What did QIND disclose in this Form 4?

A director converted 1,900 Series B preferred shares into 1,900,000 common shares on 10/28/2025 at a reported price of $0.

How many QIND common shares does the reporting person own after the transaction?

The filing states direct beneficial ownership of 82,212,334 common shares following the transaction.

What is the conversion ratio for QIND’s Series B preferred?

Each share of Series B Convertible Preferred Stock converts into 1,000 shares of common stock, for no cash consideration.

How many Series B preferred shares remain held after the transaction?

The report shows 18,100 Series B preferred shares beneficially owned after the transaction.

Is there a beneficial ownership cap on conversions for QIND’s Series B preferred?

Yes. Conversions are limited by a 9.99% beneficial ownership cap immediately after conversion, as described.

What was the transaction code in the Form 4 for QIND?

The transaction was coded C (conversion) on 10/28/2025 for 1,900,000 common shares at $0.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fusion Fuel Green PLC

(Last) (First) (Middle)

9 PEMBROKE STREET UPPER

(Street)

DUBLIN L2 D02 KR83

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Quality Industrial Corp. [ QIND ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/28/2025		C		1,900,000	A	$0	82,212,334	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series B Convertible Preferred Stock	(1)	10/28/2025		C			1,900	11/26/2024	(1)	Common Stock	1,900,000	$0	18,100	D

Explanation of Responses:

1. Each share of Series B Convertible Preferred Stock of the issuer is convertible, for no cash consideration, into 1,000 shares of common stock of the issuer at the option of the reporting person, except in the event that such conversion would result in such holder's beneficial ownership of the common stock of the issuer exceeding 9.99% of the outstanding common stock of the issuer immediately after conversion, and has no expiration date.

	/s/ John-Paul Backwell	10/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.