QumulusAI director receives four RSU grants
Director Gahan Patrick Joseph received multiple time-vested RSU grants in QumulusAI, Inc. stock and reports significant indirect holdings through affiliated entities.
Rhea-AI Filing Summary
QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. Gahan Patrick Joseph reported acquisition or exercise transactions in this Form 4 filing.
QumulusAI, Inc. (QMLS) reported that director Gahan Patrick Joseph received four equity grants of common stock on September 1, 2026, as compensation awards (48,552; 166,237; 60,690; and 19,421 shares), each structured as restricted stock units with multi-date vesting schedules under the company’s 2026 Equity Incentive Plan.
The filing also lists indirect holdings of common stock through several entities and trusts, including 103,488 shares by Slim Mint Group LLC and 212,394 shares by Window Macaroni Group LLC, as of September 1, 2026. No Rule 10b5-1 trading plan is reported and no sales are disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 294,900 shares
Grant/Award
10 txns
Insider
Gahan Patrick Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 48,552 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 166,237 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3 | 60,690 | $0.00 | $0.00 |
| Grant/Award | Common Stock F4, F5 | 19,421 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 579,763 shares (Direct);
Common Stock — 103,488 shares (Indirect, By Slim Mint Group LLC);
Common Stock — 212,394 shares (Indirect, By Window Macaroni Group LLC);
Common Stock — 39,757 shares (Indirect, By Gahan LTC SPE, LLC);
Common Stock — 5,963 shares (Indirect, By Inspira Financial FBO Anya Gahan);
Common Stock — 5,963 shares (Indirect, By Inspira Financial FBO Mya Gahan);
Common Stock — 19,765 shares (Indirect, By Inspira Trust FBO Patrick Gahan)
Footnotes (5)
- F1. These shares vest with respect to 12,138 shares on September 1, 2026 and with respect to 6.25% of the remaining shares quarterly over 12 quarters commencing December 1, 2026 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned upon the Reporting Person remaining an employee of QumulusAI, Inc. through the applicable vesting date.
- F2. These shares vest on September 1, 2026 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan.
- F3. These shares vest with respect to 15,173 shares on September 1, 2027 and with respect to 6.25% of the remaining shares quarterly over 12 quarters commencing December 1, 2027 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned upon the Reporting Person remaining an employee of QumulusAI, Inc. through the applicable vesting date.
- F4. These shares vest with respect to 9,711 shares on February 24, 2027, with respect to 4,855 shares on May 24, 2027, and with respect to 4,855 shares on August 24, 2027.
- F5. Includes 116,525 shares to be issued upon vesting pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned upon the Reporting Person remaining an employee of QumulusAI through the applicable vesting date.
Key Figures
RSU grant 1: 48,552 shares
RSU grant 2: 166,237 shares
RSU grant 3: 60,690 shares
+4 more
7 metrics
RSU grant 1
48,552 shares
Restricted stock unit award of common stock on September 1, 2026 with staged vesting starting September 1, 2026
RSU grant 2
166,237 shares
Restricted stock unit award of common stock vesting on September 1, 2026
RSU grant 3
60,690 shares
Restricted stock unit award of common stock with first 15,173 shares vesting on September 1, 2027
RSU grant 4
19,421 shares
Restricted stock unit award of common stock vesting in tranches on February 24, 2027, May 24, 2027, and August 24, 2027
Indirect holding via Slim Mint Group LLC
103,488 shares
Indirect ownership of QumulusAI common stock as of September 1, 2026
Indirect holding via Window Macaroni Group LLC
212,394 shares
Indirect ownership of QumulusAI common stock as of September 1, 2026
Unvested RSUs included in a holding line
116,525 shares
Shares to be issued upon vesting under a restricted stock unit award, subject to continued employment
Key Terms
restricted stock unit award, 2026 Equity Incentive Plan, vesting, indirect ownership
4 terms
restricted stock unit award financial
"pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
2026 Equity Incentive Plan financial
"granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned upon the Reporting Person"
vesting financial
"These shares vest with respect to 12,138 shares on September 1, 2026 and with respect"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
indirect ownership financial
"Indirect ownership of common stock is reported as By Slim Mint Group LLC and other entities"
FAQ
What did QumulusAI, Inc. (QMLS) report for director Gahan Patrick Joseph on this Form 4?
The Form 4 reports four equity grants of QumulusAI common stock to director Gahan Patrick Joseph on September 1, 2026, all as restricted stock unit awards under the company’s 2026 Equity Incentive Plan, with no stock sales disclosed.
Does the Form 4 for QMLS indicate any Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 plan is reported for these transactions, and the awards are described as restricted stock unit grants rather than market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
