QumulusAI awards CGO 214K stock units at $0
QumulusAI’s Chief Growth Officer received multiple time-vested restricted stock unit grants tied to continued employment, adding to his direct and indirect equity stake.
Rhea-AI Filing Summary
QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. Gertz Stephen Ralph reported acquisition or exercise transactions in this Form 4 filing.
QumulusAI, Inc. (QMLS) reported that Chief Growth Officer Stephen Ralph Gertz received several equity awards of common stock on September 1, 2026, all at no cash cost to him, structured as restricted stock units under the company’s 2026 Equity Incentive Plan.
The awards include tranches that vest on October 1, 2026, March 1, 2027, and September 1, 2027, with portions of certain grants vesting quarterly over 12 quarters thereafter, in each case conditioned on his continued employment. Gertz also holds common stock indirectly through JGS Partners LLC, and no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 214,454 shares
Grant/Award
5 txns
Insider
Gertz Stephen Ralph
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 46,848 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 58,329 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3 | 90,112 | $0.00 | $0.00 |
| Grant/Award | Common Stock F4, F5 | 19,165 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 266,164 shares (Direct);
Common Stock — 83,336 shares (Indirect, By JGS Partners LLC)
Footnotes (5)
- F1. These shares vest with respect to 11,712 shares on March 1, 2027 and with respect to 6.25% of the remaining shares quarterly over 12 quarters commencing June 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.
- F2. These shares vest on March 1, 2027 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan.
- F3. These shares vest with respect to 22,528 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 on October 1, 2026 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan.
- F5. Includes 214,454 shares to be issued upon vesting pursuant to restricted stock unit awards granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned upon the Reporting Person remaining an employee of QumulusAI through the applicable vesting dates.
Key Figures
Restricted stock unit award: 46,848 shares
Single-tranche restricted stock unit vest: 58,329 shares
Restricted stock unit award with September 2027 start: 90,112 shares
+4 more
7 metrics
Restricted stock unit award
46,848 shares
Award that vests as to 11,712 shares on March 1, 2027 and 6.25% of the remaining shares quarterly over 12 quarters from June 1, 2027
Single-tranche restricted stock unit vest
58,329 shares
Restricted stock unit award vesting in full on March 1, 2027
Restricted stock unit award with September 2027 start
90,112 shares
Award vesting as to 22,528 shares on September 1, 2027 and 6.25% of remaining shares quarterly over 12 quarters from December 1, 2027
Earliest-vesting restricted stock units
19,165 shares
Restricted stock unit award vesting on October 1, 2026
Unvested restricted stock units outstanding
214,454 shares
Shares to be issued upon future vesting of restricted stock unit awards, subject to continued employment
Indirectly held common stock
83,336 shares
Common shares held indirectly through JGS Partners LLC after the reported awards
Reported grant price
$0.00 per share
All reported restricted stock unit awards of common stock on September 1, 2026
Key Terms
restricted stock unit, Equity Incentive Plan, indirect ownership
3 terms
restricted stock unit financial
"pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Equity Incentive Plan financial
"granted under the QumulusAI, Inc. 2026 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
indirect ownership financial
"shares held indirectly through JGS Partners LLC"
FAQ
What equity awards did QMLS grant to its Chief Growth Officer on September 1, 2026?
On September 1, 2026, QumulusAI granted Stephen Ralph Gertz several awards of common stock-based restricted stock units under its 2026 Equity Incentive Plan, all recorded at a reported price of $0.00 per share, reflecting compensation rather than a market purchase.
What is the vesting schedule for the September 1, 2027 QMLS restricted stock unit grant?
One award of 90,112 shares vests as to 22,528 shares on September 1, 2027 and as to 6.25% of the remaining shares quarterly over 12 quarters starting December 1, 2027, conditioned on Stephen Ralph Gertz remaining an employee through each vesting date.
When do the earliest new QMLS restricted stock units for the Chief Growth Officer vest?
The earliest new tranche vests on October 1, 2026, covering 19,165 shares of common stock under a restricted stock unit award granted pursuant to QumulusAI’s 2026 Equity Incentive Plan.
What indirect holdings of QMLS stock does the Chief Growth Officer report?
The filing lists an indirect holding of 83,336 shares of QumulusAI common stock held through JGS Partners LLC. This is reported separately from his directly held and restricted stock unit positions.
Were the QMLS transactions for the Chief Growth Officer made under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with these equity awards, which are grants rather than market purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
