Quantum Leap CEO reports 10,000 founder shares

Quantum Leap Acquisition Corp director and Chief Executive Officer Pillay Kervin filed an initial statement of beneficial ownership.

Rhea-AI Filing Summary

Quantum Leap Acquisition Corp director and Chief Executive Officer Pillay Kervin filed an initial statement of beneficial ownership. The filing shows direct ownership of 10,000 Class B Ordinary Shares (Founder Shares). This Form 3 records an existing position and does not reflect a new buy or sell transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pillay Kervin

Role Chief Executive Officer

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)

Key Figures

Founder Shares held: 10,000 shares

1 metrics

Founder Shares held 10,000 shares Class B Ordinary Shares (Founder Shares) held directly after reported entry

Key Terms

Class B Ordinary Shares, Founder Shares, beneficial ownership

3 terms

Class B Ordinary Shares financial

"security_title: "Class B Ordinary Shares (Founder Shares)""

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

"Class B Ordinary Shares (Founder Shares)"

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.

beneficial ownership regulatory

"initial statement of beneficial ownership"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Pillay Kervin’s Form 3 filing for Quantum Leap Acquisition Corp (QLEP-UN) show?

The Form 3 shows Pillay Kervin’s initial beneficial ownership in Quantum Leap Acquisition Corp, reporting 10,000 Class B Ordinary Shares (Founder Shares) held directly. This establishes his baseline stake as a director, Chief Executive Officer, and ten-percent owner at the time of the filing.

How many shares does Pillay Kervin hold in Quantum Leap Acquisition Corp (QLEP-UN)?

Pillay Kervin is reported to hold 10,000 Class B Ordinary Shares (Founder Shares) of Quantum Leap Acquisition Corp directly. This figure represents his total reported holdings following the reported entry, serving as an initial ownership snapshot rather than a record of a new transaction.

Does the Quantum Leap Acquisition Corp (QLEP-UN) Form 3 disclose any insider buying or selling?

The Form 3 does not report insider buying or selling activity. It categorizes the entry as a holding, with transaction shares and price not specified, indicating this is simply an initial disclosure of 10,000 Class B Founder Shares already owned directly by Pillay Kervin.

What type of security is reported in the Quantum Leap Acquisition Corp (QLEP-UN) Form 3?

The security reported is Class B Ordinary Shares, described as Founder Shares. These are typically sponsor or founder-related equity in a special purpose acquisition company structure, and the filing lists 10,000 such shares as held directly by Pillay Kervin after the reported entry.

Is Pillay Kervin a significant insider at Quantum Leap Acquisition Corp (QLEP-UN)?

Yes. The filing identifies Pillay Kervin as a director, Chief Executive Officer, and ten-percent owner of Quantum Leap Acquisition Corp. This combination indicates a key leadership and ownership role, with 10,000 Class B Founder Shares reported as directly held following the entry.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/07/2026 - 07:56 PM EDT Learn about SEC filing dates

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^*

Pillay Kervin

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

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)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

This Form 3 reports only the 10,000 founder shares held by Mr. Pillay directly. Securites held of record by Paddington Partners 88 LLC (the "Sponsor" are reported separately on the Sponsor's separate Form 3.

	/s/ Kervin Pillay	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)