QumulusAI grants director 19,166 RSUs

Q: How do the new RSU awards for QMLS director Michael C. Mulica vest?

One RSU award vests as to 3,162 shares on October 1, 2026 and as to 8.375% of the remaining shares quarterly over eight quarters from January 1, 2027. The other award vests in full on October 1, 2026.

Q: What total unvested RSUs are reported for Michael C. Mulica at QumulusAI (QMLS)?

A footnote states that Michael C. Mulica has 19,166 shares to be issued upon vesting under restricted stock unit awards, conditioned on his remaining a director of QumulusAI through the applicable vesting dates.

Q: Were the QMLS insider RSU grants to Michael C. Mulica made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that the awards were granted pursuant to a Rule 10b5-1 trading plan.

Q: Does the Form 4 report any sales of QumulusAI (QMLS) stock by Michael C. Mulica?

No. The Form 4 reports only acquisitions of common stock through restricted stock unit awards and shows no sales or dispositions of QumulusAI shares by Michael C. Mulica.

Director Michael C. Mulica received time-based restricted stock unit awards totaling 19,166 shares tied to continued board service at QumulusAI.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

QumulusAI, Inc. (symbol: QMLS) is the issuer of record for a Form 4 filing submitted to the SEC. MULICA MICHAEL C reported acquisition or exercise transactions in this Form 4 filing.

QumulusAI, Inc. (QMLS) reported that director Michael C. Mulica received two grants of 9,583 shares each of common stock in the form of restricted stock unit awards on September 1, 2026. One award has a multi-year vesting schedule tied to continued service as a director.

The first 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. The second award vests in full on October 1, 2026. Footnotes state that 19,166 shares are scheduled to be issued upon future vesting, conditioned on continued board service.

Insider Trade Summary

Grant/Award: 19,166 shares

Grant/Award 2 txns

Insider MULICA MICHAEL C

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

Holdings After Transaction: Common Stock — 23,796 shares (Direct)

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

RSUs granted (award 1): 9,583 shares RSUs granted (award 2): 9,583 shares Initial vesting tranche: 3,162 shares +3 more

6 metrics

RSUs granted (award 1) 9,583 shares Restricted stock unit award of common stock on September 1, 2026

RSUs granted (award 2) 9,583 shares Second restricted stock unit award of common stock on September 1, 2026

Initial vesting tranche 3,162 shares Portion of first RSU award vesting on October 1, 2026

Quarterly vesting rate 8.375% Percentage of remaining shares in first RSU award vesting each quarter over eight quarters

Total RSUs scheduled to vest 19,166 shares Shares to be issued upon vesting under RSU awards, subject to continued service

Quarterly vesting periods 8 quarters Number of quarters over which remaining shares in first RSU award vest starting January 1, 2027

Key Terms

restricted stock unit award, Equity Incentive Plan, vesting, director

4 terms

restricted stock unit award financial

"These shares vest with respect to 3,162 shares on October 1, 2026 pursuant to a restricted stock unit award"

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

"pursuant to a restricted stock unit award 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 on October 1, 2026 pursuant to a restricted stock unit award"

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.

director regulatory

"conditioned upon the Reporting Person remaining a director of QumulusAI, Inc. through the applicable vesting date"

FAQ

What insider equity awards did QumulusAI (QMLS) disclose for Michael C. Mulica?

QumulusAI disclosed that director Michael C. Mulica received two restricted stock unit awards of 9,583 shares each of common stock on September 1, 2026, for a total of 19,166 shares subject to future vesting.

How do the new RSU awards for QMLS director Michael C. Mulica vest?

One RSU award vests as to 3,162 shares on October 1, 2026 and as to 8.375% of the remaining shares quarterly over eight quarters from January 1, 2027. The other award vests in full on October 1, 2026.

What total unvested RSUs are reported for Michael C. Mulica at QumulusAI (QMLS)?

A footnote states that Michael C. Mulica has 19,166 shares to be issued upon vesting under restricted stock unit awards, conditioned on his remaining a director of QumulusAI through the applicable vesting dates.

Were the QMLS insider RSU grants to Michael C. Mulica made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnotes do not state that the awards were granted pursuant to a Rule 10b5-1 trading plan.

Does the Form 4 report any sales of QumulusAI (QMLS) stock by Michael C. Mulica?

No. The Form 4 reports only acquisitions of common stock through restricted stock unit awards and shows no sales or dispositions of QumulusAI shares by Michael C. Mulica.

What conditions apply to vesting of Michael C. Mulica’s QMLS RSUs?

The RSUs vest under QumulusAI’s 2026 Equity Incentive Plan and are conditioned on Michael C. Mulica remaining a director through each applicable vesting date, as stated in the footnotes.

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

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Available on EDGAR 09/03/2026 - 08:15 AM Accepted by SEC EDGAR 09/03/2026 - 08:13 AM

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^*

MULICA MICHAEL C

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/01/2026		A		9,583⁽¹⁾	A	$0	14,213	D
Common Stock	09/01/2026		A		9,583⁽²⁾	A	$0	23,796⁽³⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. These shares vest on October 1, 2026 pursuant to a restricted stock unit award granted under the QumulusAI, Inc. 2026 Equity Incentive Plan.

3. 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.

	/s/ Michael C. Mulica	09/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR