QLEP COO reports 10,000 founder shares on Form 3

Quantum Leap Acquisition Corp director and Chief Operating Officer David James Chapman filed an initial ownership report.

Rhea-AI Filing Summary

Quantum Leap Acquisition Corp director and Chief Operating Officer David James Chapman filed an initial ownership report. The Form 3 shows he beneficially holds 10,000 Class B Ordinary Shares (Founder Shares) directly, with no purchases or sales reported in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chapman David James

Role Chief Operating 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), post-report holding

Key Terms

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

3 terms

Form 3 regulatory

"filed an initial ownership report. The Form 3 shows he beneficially holds"

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 (Founder Shares) financial

"beneficially holds 10,000 Class B Ordinary Shares (Founder Shares) directly"

beneficially owns financial

"The Form 3 shows David James Chapman, a director and Chief Operating Officer, beneficially owns 10,000"

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.

FAQ

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

What does the Quantum Leap Acquisition Corp (QLEP) Form 3 filing show for Chapman David James?

The Form 3 shows David James Chapman, a director and Chief Operating Officer, beneficially owns 10,000 Class B Ordinary Shares (Founder Shares) of Quantum Leap Acquisition Corp, reported as a direct holding and serving as his initial ownership disclosure.

Did Chapman David James buy or sell Quantum Leap Acquisition Corp (QLEP) shares in this Form 3?

The filing does not report any share purchases or sales. It is an initial ownership statement listing 10,000 Class B Ordinary Shares (Founder Shares) held directly, with transaction data classified as a holding entry rather than a new trade.

What type of security does Chapman hold in Quantum Leap Acquisition Corp (QLEP)?

Chapman holds Class B Ordinary Shares (Founder Shares) of Quantum Leap Acquisition Corp. These are a special class of shares typically associated with founders or sponsors in a blank-check or acquisition-focused company structure.

How many Quantum Leap Acquisition Corp (QLEP) founder shares does Chapman report on Form 3?

He reports beneficial ownership of 10,000 Class B Ordinary Shares (Founder Shares). This figure represents his total direct holdings following the reported status, with no derivative securities listed in the filing data provided.

Is Chapman’s ownership in QLEP reported as direct or indirect on this Form 3?

The filing classifies Chapman’s ownership as direct, coded as “D” for 10,000 Class B Ordinary Shares (Founder Shares). No trusts, partnerships, or other indirect holding structures are indicated in the ownership coding shown.

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

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Accepted by SEC EDGAR 05/08/2026 - 04:10 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^*

Chapman David James

(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
X	Officer (give title below)		Other (specify below)
	Chief Operating 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. Chapman directly. Mr. Chapman also owns 570,000 membership units of Paddington 88 LLC, the issuer's sponsor (the "Sponsor"). Securities held of record by the Sponsor are reported on the Sponsor's separate Form 3. Mr. Chapman's interest in Euphoria does not result in the reporting of any additional securities on theis Form 3.

	/s/ David Chapman	05/08/2026
	** 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)