Quality Industrial Corp. (QIND) director converts 9,600 Series B preferred into 9.6M common shares

Rhea-AI Filing Summary

Quality Industrial Corp. insider reports major share conversion. A reporting person who is both a director and 10% owner of Quality Industrial Corp. (QIND) filed a Form 4 for a transaction dated 12/02/2025. The insider converted 9,600 shares of Series B Convertible Preferred Stock into 9,600,000 shares of common stock at a stated price of $0 per share. Following this transaction, the insider beneficially owns 91,812,334 shares of common stock in direct ownership. Each share of Series B Preferred is convertible into 1,000 common shares for no cash consideration, but conversions are limited so that the holder’s beneficial ownership does not exceed 9.99% of outstanding common stock and are subject to other applicable limits.

Insights

Equity ownership and governance analyst

Insider converts preferred stock into 9.6M QIND common shares, raising direct stake.

The filing shows a director and 10% owner of Quality Industrial Corp. converting 9,600 shares of Series B Convertible Preferred Stock into 9,600,000 common shares at $0 on 12/02/2025. This increases the insider’s reported beneficial ownership to 91,812,334 common shares held directly.

Each Series B share converts into 1,000 common shares for no cash consideration, but conversions are constrained by a 9.99% Beneficial Ownership Limitation and other stated limits. This structure allows staged conversions while capping any one holder’s ownership percentage at a specified threshold.

The transaction clarifies how much of the preferred has been converted so far and the resulting common share position. Future company disclosures can provide additional context on total shares outstanding and any further preferred conversions that might affect ownership concentration.

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
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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)
12/02/2025

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	12/02/2025		C		9,600,000	A	$0	91,812,334	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)	12/02/2025		C			9,600	11/26/2024	(1)	Common Stock	9,600,000	$0	8,500	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	12/04/2025
	** 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.

FAQ

What insider transaction did Quality Industrial Corp. (QIND) report?

A director and 10% owner of Quality Industrial Corp. (QIND) reported converting 9,600 shares of Series B Convertible Preferred Stock into 9,600,000 shares of common stock on 12/02/2025.

How many Quality Industrial Corp. (QIND) common shares does the insider own after the transaction?

After the reported conversion, the insider beneficially owns 91,812,334 shares of Quality Industrial Corp. common stock, held in direct ownership.

What is the conversion ratio for QIND Series B Convertible Preferred Stock?

Each share of Series B Convertible Preferred Stock is convertible, for no cash consideration, into 1,000 shares of Quality Industrial Corp. common stock, subject to specified limitations.

Is there an ownership cap on converting QIND Series B Convertible Preferred Stock?

Yes. The Series B Preferred may not be converted if the conversion would cause the holder’s beneficial ownership of Quality Industrial Corp. common stock to exceed 9.99% of the outstanding common stock immediately after conversion, and it is also subject to other applicable limits.

What transaction code was used in the QIND Form 4 filing?

The Form 4 lists transaction code "C", indicating a conversion of derivative securities, for both the common stock entry and the Series B Convertible Preferred Stock entry dated 12/02/2025.

Does the QIND Series B Convertible Preferred Stock have an expiration date?

No. The explanation states that the Series B Convertible Preferred Stock has no expiration date, although conversions are governed by the 9.99% beneficial ownership cap and other applicable limitations.