Quantum (QMCO) CAO auto-sells 260 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quantum Corp’s Chief Accounting Officer, Laura A. Nash, reported an automatic sale of company stock tied to tax obligations. On July 2, 2026, 260 shares of common stock were sold at a weighted average price of $10.51 per share to cover tax withholding from restricted stock units that vested from a July 1, 2023 grant. After this transaction, Nash directly holds 10,770 shares of Quantum common stock. The sale was executed on a non-discretionary basis as part of block trades for multiple security holders and is also subject to a Lock-Up Letter Agreement dated June 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 260 shares ($2,733)
Net Sell
1 txn
Insider
Nash Laura A.
Role
Chief Accounting Officer
Sold
260 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 260 | $10.51 | $3K |
Holdings After Transaction:
Common Stock — 10,770 shares (Direct, null)
Footnotes (1)
- Represents the number of shares automatically sold on a non-discretionary basis, to cover tax withholding obligations in connection with the vesting of restricted stock units granted on July 1, 2023. This Form 4 is a required filing under the Securities Exchange Act of 1934, and the securities in this Form 4 are subject to the terms of that certain Lock-Up Letter Agreement, by and between the issuer and the Reporting Person, dated as of June 1, 2026, and is subject to clause (h) thereunder. Represents a weighted average price. These shares were sold as part of block trades for multiple security holders of the issuer on July 2, 2026, at a price ranging from $10.48 to $10.53. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission, the issuer, or a securityholder of the issuer detailed information regarding the number of shares sold and the prices at which the transactions were executed.
Key Figures
Shares sold: 260 shares
Weighted average sale price: $10.51 per share
Shares held after transaction: 10,770 shares
+2 more
5 metrics
Shares sold
260 shares
Open-market sale on July 2, 2026
Weighted average sale price
$10.51 per share
Block trades between $10.48 and $10.53
Shares held after transaction
10,770 shares
Direct ownership following July 2, 2026 sale
RSU grant date
July 1, 2023
Vesting triggered tax withholding sale
Lock-up agreement date
June 1, 2026
Lock-Up Letter Agreement governing securities
Key Terms
restricted stock units, weighted average price, block trades, Lock-Up Letter Agreement, +1 more
5 terms
restricted stock units financial
"to cover tax withholding obligations in connection with the vesting of restricted stock units granted on July 1, 2023"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"Represents a weighted average price. These shares were sold as part of block trades"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
block trades financial
"These shares were sold as part of block trades for multiple security holders of the issuer"
A block trade is a single, large buy or sell of shares or bonds arranged privately between big traders rather than piecemeal on the public market. Think of it like buying a whole shipment at once instead of many small shopping trips; it lets large holders move big positions with less immediate disruption but can signal strong buying or selling pressure and cause price swings once the trade is known, so investors watch block trades for clues about market sentiment and liquidity.
Lock-Up Letter Agreement regulatory
"subject to the terms of that certain Lock-Up Letter Agreement, by and between the issuer and the Reporting Person"
tax withholding obligations financial
"automatically sold on a non-discretionary basis, to cover tax withholding obligations in connection with the vesting"
FAQ
What insider transaction did Quantum Corp (QMCO) report for Laura A. Nash?
Quantum Corp reported that Chief Accounting Officer Laura A. Nash sold 260 shares of common stock. The sale occurred on July 2, 2026, at a weighted average price of $10.51 per share and was executed to satisfy tax withholding obligations from vested restricted stock units.
What agreement covers Laura A. Nash’s Quantum Corp (QMCO) securities in this filing?
The securities in Laura A. Nash’s Form 4 are subject to a Lock-Up Letter Agreement dated June 1, 2026. The filing notes that the transaction is governed by this agreement and specifically references clause (h) as applying to these reported securities.