QumulusAI grants director 19,166 restricted stock units
QumulusAI director David Rench reported two new restricted stock unit grants plus existing indirect and unvested equity holdings.
Rhea-AI Filing Summary
QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. RENCH DAVID reported acquisition or exercise transactions in this Form 4 filing.
QumulusAI, Inc. (QMLS) director David Rench reported receiving two equity awards of 9,583 shares of common stock each on September 1, 2026, both at a stated price of $0.00 per share, as restricted stock unit awards under the QumulusAI, Inc. 2026 Equity Incentive Plan. One award vests as to 3,162 shares on October 1, 2026 and as to 8.375% of the remaining shares quarterly over eight quarters starting January 1, 2027, conditioned on his continued board service. The other award vests in full on October 1, 2026. As of this reporting, Rench also has 19,166 shares to be issued upon future vesting of restricted stock units and holds 47,000 shares indirectly through Rench Family Holdings, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19,166 shares
Grant/Award
3 txns
Insider
RENCH DAVID
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 9,583 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2, F3 | 9,583 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,166 shares (Direct);
Common Stock — 47,000 shares (Indirect, By Rench Family Holdings, LLC)
Footnotes (3)
- F1. These shares vest with respect to 3,162 shares on October 1, 2026 and with respect to 8.375% of the remaining shares quarterly over 8 quarters commencing January 1, 2027 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned upon the Reporting Person remaining a director of QumulusAI, Inc. through the applicable vesting date.
- F2. These shares vest on October 1, 2026 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan.
- F3. Includes 19,166 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 a director of QumulusAI through the applicable vesting dates.
Key Figures
RSU grant 1 size: 9,583 shares
RSU grant 2 size: 9,583 shares
Initial vesting tranche: 3,162 shares
+4 more
7 metrics
RSU grant 1 size
9,583 shares
Restricted stock unit award of common stock granted September 1, 2026
RSU grant 2 size
9,583 shares
Second restricted stock unit award of common stock granted September 1, 2026
Initial vesting tranche
3,162 shares
Portion of first RSU award vesting October 1, 2026
Quarterly vesting rate
8.375%
Of remaining shares in first RSU award vesting quarterly over eight quarters from January 1, 2027
Unvested RSU shares
19,166 shares
Shares to be issued upon vesting under restricted stock unit awards, subject to continued service
Indirectly held shares
47,000 shares
Common stock held indirectly through Rench Family Holdings, LLC as of the report
Grant price per share
$0.00 per share
Stated price for each restricted stock unit grant of common stock
Key Terms
restricted stock unit award, 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.
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.
vesting financial
"These shares vest with respect to 3,162 shares on October 1, 2026"
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
"ownership type reported as indirect, by Rench Family Holdings, LLC"
FAQ
What equity awards did QMLS director David Rench report on this Form 4?
He reported two grants of 9,583 shares of QumulusAI, Inc. common stock each on September 1, 2026, both structured as restricted stock unit awards under the QumulusAI, Inc. 2026 Equity Incentive Plan, with a stated price of $0.00 per share.
How do the new QMLS restricted stock units for David Rench vest?
One 9,583-share award vests as to 3,162 shares on October 1, 2026 and 8.375% of the remaining shares quarterly over eight quarters from January 1, 2027, conditioned on his remaining a director. The other 9,583-share award vests entirely on October 1, 2026.
What unvested QMLS restricted stock units does David Rench hold after these grants?
His holdings include 19,166 shares to be issued upon vesting of restricted stock unit awards granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned on his continued service as a director through the applicable vesting dates.
Were David Rench’s QMLS transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and there is no footnote stating that the reported restricted stock unit grants were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What role does the QumulusAI, Inc. 2026 Equity Incentive Plan play in these QMLS awards?
Both reported restricted stock unit awards and the 19,166 unvested shares are granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, which governs their vesting schedules and conditions tied to David Rench’s continued service as a director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
