Quantum Leap Acquisition (QLEP-UN) director discloses 10,000 founder shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Quantum Leap Acquisition Corp director Jhang Richard has reported his initial ownership in the company. The Form 3 filing shows he holds 10,000 Class B Ordinary Shares (founder shares) directly following the reported date, with no associated buy or sell transactions disclosed.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jhang Richard

Role null

Type	Security	Shares	Price	Value
holding	Class B Ordinary Shares [Founder Shares]	--	--	--

Holdings After Transaction: Class B Ordinary Shares [Founder Shares] — 10,000 shares (Direct, null)

Footnotes (1)

Key Figures

Director holdings: 10,000 shares

1 metrics

Director holdings 10,000 shares Class B Ordinary Shares [Founder Shares] held directly after Form 3

Key Terms

Form 3, Class B Ordinary Shares, Founder Shares, beneficially owns

4 terms

Form 3 regulatory

"Director Jhang Richard has reported his initial ownership in the company."

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

Class B Ordinary Shares financial

"He holds 10,000 Class B Ordinary Shares (founder shares) directly"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

Founder Shares financial

"10,000 Class B Ordinary Shares (founder shares) directly"

Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

beneficially owns financial

"The Form 3 shows that director Jhang Richard beneficially owns 10,000 Class B Ordinary Shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

Understanding Insider Trading Forms →

05/07/2026 - 04:05 PM

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Jhang Richard

(Last)

(First)

(Middle)

WILLOW WORKPLACE MENLO PARK

80 WILLOW ROAD

(Street)

MENLO PARK

CALIFORNIA

94025

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/04/2026

3. Issuer Name and Ticker or Trading Symbol
Quantum Leap Acquisition Corp [ QLEP ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Ordinary Shares [Founder Shares]	10,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

	/s/ Richard Jhang	05/07/2026
	** 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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the Quantum Leap Acquisition Corp (QLEP-UN) Form 3 show for Jhang Richard?

The Form 3 shows that director Jhang Richard beneficially owns 10,000 Class B Ordinary Shares, described as founder shares. This is an initial ownership report and does not reflect any recent share purchases or sales.

How many Quantum Leap Acquisition Corp founder shares does Jhang Richard hold?

Jhang Richard holds 10,000 Class B Ordinary Shares, which are labeled as founder shares. This amount represents his direct ownership position reported on the Form 3 filing for Quantum Leap Acquisition Corp.

Does the QLEP-UN Form 3 indicate any stock purchases or sales by Jhang Richard?

The Form 3 does not indicate any stock purchases or sales by Jhang Richard. It records a holding entry, listing 10,000 Class B Ordinary Shares owned directly after the reported date without transactional activity.

What type of security is reported for Jhang Richard in the Quantum Leap Acquisition Corp filing?

The security reported is Class B Ordinary Shares, identified as founder shares. These are typically sponsor or insider shares in a special purpose acquisition company, and the filing lists a direct holding of 10,000 such shares.

Is Jhang Richard an officer or only a director of Quantum Leap Acquisition Corp?

The filing identifies Jhang Richard as a director of Quantum Leap Acquisition Corp and not as an officer. The officer indicator is set to zero, and no officer title is provided in the report.