Fusion Fuel converts QIND Series B into 8.5M shares

Quality Industrial Corp. reported an insider ownership change as Fusion Fuel Green PLC, a more than 10% holder, converted preferred stock into common shares.

Rhea-AI Filing Summary

Quality Industrial Corp. reported an insider ownership change as Fusion Fuel Green PLC, a more than 10% holder, converted preferred stock into common shares. On February 23, 2026, Fusion Fuel Green converted 8,500 shares of Series B Convertible Preferred Stock into 8,500,000 shares of common stock for no cash consideration. Following the conversion, Fusion Fuel Green held 100,312,334 shares of Quality Industrial common stock directly. The preferred shares were convertible at the holder’s option, subject to a 9.99% beneficial ownership limitation and other conversion restrictions as described in the footnote.

Insider Trade Summary

8,500 shares exercised/converted

Exercise 2 txns

Insider Fusion Fuel Green PLC

Role 10% Owner

Type	Security	Shares	Price	Value
Conversion	Series B Convertible Preferred Stock	8,500	$0.00	$0.00
Conversion	Common Stock	8,500,000	$0.00	$0.00

Holdings After Transaction: Series B Convertible Preferred Stock — 0 contracts (Direct); Common Stock — 100,312,334 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 subject to other applicable limitations or prohibitions on conversion of the Series B Convertible Preferred Stock, and has no expiration date.

FAQ

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What insider transaction did Quality Industrial Corp. (QIND) report in this Form 4?

Quality Industrial Corp. reported that Fusion Fuel Green PLC converted preferred stock into common shares. On February 23, 2026, it converted 8,500 Series B Convertible Preferred shares into 8,500,000 common shares, changing the composition of its ownership stake in the company.

Who is the reporting person in Quality Industrial Corp. (QIND)’s latest Form 4?

The reporting person is Fusion Fuel Green PLC, identified as a more than 10% owner of Quality Industrial Corp. It reported a derivative conversion transaction that increased its common stock holdings through conversion of Series B Convertible Preferred Stock into common shares.

How many Quality Industrial Corp. (QIND) common shares were acquired through conversion?

Fusion Fuel Green PLC acquired 8,500,000 Quality Industrial common shares through conversion. It converted 8,500 shares of Series B Convertible Preferred Stock, with each preferred share convertible into 1,000 common shares for no cash consideration according to the disclosed terms.

What is Fusion Fuel Green PLC’s common stock position in Quality Industrial Corp. (QIND) after the transaction?

After the conversion, Fusion Fuel Green PLC directly held 100,312,334 shares of Quality Industrial common stock. This post-transaction balance reflects the addition of 8,500,000 shares received upon converting its Series B Convertible Preferred Stock on February 23, 2026.

What are the key terms of Quality Industrial Corp. (QIND)’s Series B Convertible Preferred Stock?

Each share of Series B Convertible Preferred Stock is convertible into 1,000 common shares for no cash consideration. Conversion is at the holder’s option but limited so that beneficial ownership generally does not exceed 9.99% of outstanding common stock, subject to other conversion restrictions.

Did the Quality Industrial Corp. (QIND) Form 4 involve an open-market purchase or sale?

No, the Form 4 reports a derivative conversion, not an open-market trade. Fusion Fuel Green PLC converted 8,500 Series B Convertible Preferred shares into 8,500,000 common shares at a stated price of zero, reflecting an internal conversion right rather than a market transaction.

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Accepted by SEC EDGAR 03/24/2026 - 07:00 AM Learn about SEC filing dates

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 D02 KR83

(City) (State) (Zip)

IRELAND

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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	02/23/2026		C		8,500,000	A	$0	100,312,334	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)	02/23/2026		C			8,500	11/26/2024	(1)	Common Stock	8,500,000	$0	0	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 subject to other applicable limitations or prohibitions on conversion of the Series B Convertible Preferred Stock, and has no expiration date.

	/s/ John-Paul Backwell	03/23/2026
	** 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.
* Form 4: SEC 1474 (03-26)