QumulusAI’s Hunton exercises options for 2,998 shares

The reported common-stock position includes 147,899 shares to be issued upon vesting, conditioned on continued employment through applicable vesting dates.

Available on EDGAR 11/02/2026 - 04:27 PM EST Accepted by SEC EDGAR 11/02/2026 - 04:26 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

QumulusAI, Inc. (QMLS) Chief Marketing Officer Stephen Eric Hunton exercised options on October 29, 2026, covering 2,998 shares of common stock at an exercise price of $0.69 per share. After the exercise, he reported 210,294 shares of common stock, including 147,899 shares to be issued upon vesting under restricted stock unit awards, conditioned on his remaining an employee through the applicable vesting dates. He also reported 4,570 options remaining, expiring September 30, 2034.

Insider Trade Summary

2,998 shares exercised/converted

Exercise 2 txns

Insider Hunton Stephen Eric

Role Chief Marketing Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy) F2	2,998	$0.00	$0.00
Exercise	Common Stock F1	2,998	$0.69	$2K

Holdings After Transaction: Stock Option (right to buy) — 4,570 contracts (Direct); Common Stock — 210,294 shares (Direct)

Footnotes (2)

1. F1. Includes 147,899 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.
2. F2. This option vested with respect to: (i) 25% of the shares on March 14, 2026; (ii) 1/36th of the remaining unvested shares monthly thereafter (prior to 4/1/2025 Contribution and Exchange Agreements, as amended, between QumulusAI, Inc. and shareholders of The Cloud Minders, Inc., pursuant to which The Cloud Minders, Inc. became a wholly owned subsidiary of QumulusAI, Inc., which is referred to herein as the Acquisition); (iii) 50% of the remaining unvested shares (upon Acquisition); and (iv) 1/18th of the remaining unvested shares monthly (after Acquisition).

Key Figures

Shares acquired through option exercise: 2,998 shares Option exercise price: $0.69 per share Common stock after exercise: 210,294 shares +2 more

5 metrics

Shares acquired through option exercise 2,998 shares October 29, 2026

Option exercise price $0.69 per share October 29, 2026 exercise

Common stock after exercise 210,294 shares Includes 147,899 shares to be issued upon vesting

Options after exercise 4,570 options Expiration date: September 30, 2034

Restricted stock unit shares to be issued upon vesting 147,899 shares Conditioned on continued employment through applicable vesting dates

Key Terms

restricted stock unit awards, 2026 Equity Incentive Plan, Acquisition

3 terms

restricted stock unit awards financial

"shares to be issued upon vesting pursuant to restricted stock unit awards"

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

2026 Equity Incentive Plan financial

"granted under the QumulusAI, Inc. 2026 Equity Incentive Plan"

Acquisition technical

"The Cloud Minders, Inc. became a wholly owned subsidiary of QumulusAI, Inc."

An acquisition is when one company buys control of another by purchasing its shares or assets and brings that business into its own operations. For investors, acquisitions matter because they can reshape a company’s future cash flow, growth and risk profile—like a homeowner adding an extension to increase space and value; a well-priced, well-integrated deal can boost returns, while an expensive or poorly merged one can hurt earnings and raise debt.

FAQ

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

How many QMLS shares did Stephen Eric Hunton acquire through option exercise?

Stephen Eric Hunton exercised options covering 2,998 common shares at $0.69 per share on October 29, 2026. After the exercise, he reported 210,294 shares of common stock, including shares to be issued upon vesting under restricted stock unit awards.

What conditions apply to Stephen Eric Hunton's QMLS restricted stock units?

The 147,899 shares included in his reported position are to be issued upon vesting under restricted stock unit awards, conditioned on his remaining an employee through the applicable vesting dates.

How did Stephen Eric Hunton's QMLS option vest?

The option vested with respect to 25% of the shares on March 14, 2026; 1/36th of the remaining unvested shares monthly thereafter prior to the April 1, 2025 Contribution and Exchange Agreements; 50% of the remaining unvested shares upon the Acquisition; and 1/18th of the remaining unvested shares monthly after the Acquisition.

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

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hunton Stephen Eric

(Last) (First) (Middle)

817 W. PEACHTREE STREET NW, SUITE 935

(Street)

ATLANTA GEORGIA 30308

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
QumulusAI, Inc. [ QMLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Marketing Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/29/2026		M		2,998	A	$0.69	210,294(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0.69	10/29/2026		M			2,998	(2)	09/30/2034	Common Stock	2,998	$0	4,570	D

Explanation of Responses:

1. Includes 147,899 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.

2. This option vested with respect to: (i) 25% of the shares on March 14, 2026; (ii) 1/36th of the remaining unvested shares monthly thereafter (prior to 4/1/2025 Contribution and Exchange Agreements, as amended, between QumulusAI, Inc. and shareholders of The Cloud Minders, Inc., pursuant to which The Cloud Minders, Inc. became a wholly owned subsidiary of QumulusAI, Inc., which is referred to herein as the Acquisition); (iii) 50% of the remaining unvested shares (upon Acquisition); and (iv) 1/18th of the remaining unvested shares monthly (after Acquisition).

	/s/ Stephen Eric Hunton	11/02/2026
	** 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 4 (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 4: SEC 1474 (03-26)