QumulusAI CFO exercises options at $0.36 to $3

The options were fully vested, while 195,917 restricted stock unit shares are conditioned on continued employment through applicable vesting dates.

Available on EDGAR 11/02/2026 - 05:02 PM EST Accepted by SEC EDGAR 11/02/2026 - 05:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

QumulusAI, Inc. (QMLS) Chief Financial Officer Scott Carroll Krosnowski exercised options on October 30, 2026, acquiring 50,692, 33,334 and 4,740 common shares at exercise prices of $0.36, $1.11 and $3.00, respectively. The options were fully vested. The 195,917 shares identified for restricted stock unit awards are to be issued upon vesting, conditioned on his remaining an employee through the applicable vesting dates.

Insider Trade Summary

88,766 shares exercised/converted

Exercise 6 txns

Insider Krosnowski Scott Carroll

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy) F2	50,692	$0.00	$0.00
Exercise	Stock Option (right to buy) F2	33,334	$0.00	$0.00
Exercise	Stock Option (right to buy) F2	4,740	$0.00	$0.00
Exercise	Common Stock	50,692	$0.36	$18K
Exercise	Common Stock	33,334	$1.11	$37K
Exercise	Common Stock F1	4,740	$3.00	$14K

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 443,246 shares (Direct)

Footnotes (2)

1. F1. Includes 195,917 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 is fully vested.

Key Figures

Shares acquired through option exercise: 50,692 shares Exercise price: $0.36 per share Shares acquired through option exercise: 33,334 shares +4 more

7 metrics

Shares acquired through option exercise 50,692 shares October 30, 2026; exercise price of $0.36 per share

Exercise price $0.36 per share For options exercised for 50,692 common shares on October 30, 2026

Shares acquired through option exercise 33,334 shares October 30, 2026; exercise price of $1.11 per share

Exercise price $1.11 per share For options exercised for 33,334 common shares on October 30, 2026

Shares acquired through option exercise 4,740 shares October 30, 2026; exercise price of $3.00 per share

Exercise price $3.00 per share For options exercised for 4,740 common shares on October 30, 2026

Shares to be issued under restricted stock unit awards 195,917 shares Upon vesting, conditioned on continued employment through the applicable vesting dates

Key Terms

Stock Option (right to buy), restricted stock unit awards, fully vested

3 terms

Stock Option (right to buy) financial

"Stock Option (right to buy)"

restricted stock unit awards financial

"restricted stock unit awards granted under the QumulusAI, Inc. 2026 Equity Incentive Plan"

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.

fully vested financial

"This option is fully vested."

FAQ

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

How many QMLS shares did Scott Carroll Krosnowski acquire through option exercises?

Scott Carroll Krosnowski acquired 50,692, 33,334 and 4,740 common shares by exercising options on October 30, 2026, at exercise prices of $0.36, $1.11 and $3.00, respectively.

What are the QMLS CFO's restricted stock unit terms?

The identified 195,917 shares are to be issued upon vesting under restricted stock unit awards granted under QumulusAI's 2026 Equity Incentive Plan, conditioned on Scott Carroll Krosnowski remaining an employee through the applicable vesting dates.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Krosnowski Scott Carroll

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

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	10/30/2026		M		50,692	A	$0.36	405,172	D
Common Stock	10/30/2026		M		33,334	A	$1.11	438,506	D
Common Stock	10/30/2026		M		4,740	A	$3	443,246(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)	$0.36	10/30/2026		M			50,692	(2)	09/15/2033	Common Stock	50,692	$0	0	D
Stock Option (right to buy)	$1.11	10/30/2026		M			33,334	(2)	11/25/2034	Common Stock	33,334	$0	0	D
Stock Option (right to buy)	$3	10/30/2026		M			4,740	(2)	12/13/2032	Common Stock	4,740	$0	0	D

Explanation of Responses:

1. Includes 195,917 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 is fully vested.

	/s/ Scott Carroll Krosnowski	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)