Quantum Cyber N.V. (QUCY) chief converts multiple preferred series
Rhea-AI Filing Summary
Quantum Cyber N.V. discloses that Chief Executive Officer and ten percent owner David E. Lazar converted several classes of Preferred Shares into Ordinary Shares after stockholder approval on April 22, 2026, permitting conversion for no additional consideration at his option.
On August 5, 2026, he converted 1,000,000 Series A, 1,000,000 Series B, 1,000,000 Series C, and 124,700 Series D Preferred Shares into Ordinary Shares, leaving 875,300 Series D Preferred Shares in his direct holdings.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 55,057,500 shares
Net Buy
8 txns
Insider
Lazar David E.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Shares F1, F2 | 1,000,000 | $0.00 | $0.00 |
| Conversion | Series B Preferred Shares F1, F2 | 1,000,000 | $0.00 | $0.00 |
| Conversion | Series C Preferred Shares F1, F2 | 1,000,000 | $0.00 | $0.00 |
| Conversion | Series D Preferred Shares F1, F2 | 124,700 | $0.00 | $0.00 |
| Conversion | Ordinary Shares | 9,000,000 | $9.00 | $81.00M |
| Conversion | Ordinary Shares | 9,000,000 | $9.00 | $81.00M |
| Conversion | Ordinary Shares | 9,000,000 | $9.00 | $81.00M |
| Conversion | Ordinary Shares | 28,057,500 | $225.00 | $6.31B |
Holdings After Transaction:
Series A Preferred Shares — 0 shares (Direct);
Series B Preferred Shares — 0 shares (Direct);
Series C Preferred Shares — 0 shares (Direct);
Series D Preferred Shares — 875,300 shares (Direct);
Ordinary Shares — 55,057,500 shares (Direct)
Footnotes (2)
- F1. Following receipt by Quantum Cyber N.V. (the "Company") of stockholder approval on April 22, 2026, each class of Preferred Shares became convertible into Ordinary Shares at the option of David E. Lazar (the "Reporting Person") for no additional consideration. On August 5, 2026, the Reporting Person submitted notices of conversion to convert all of his Series A Preferred Shares, Series B Preferred Shares, and Series C Preferred Shares, and 124,700 of his Series D Preferred Shares, into Ordinary Shares.
- F2. Each class of Preferred Shares is perpetual and therefore has no expiration date.
Key Figures
Series A Preferred converted: 1000000.0000 shares
Series B Preferred converted: 1000000.0000 shares
Series C Preferred converted: 1000000.0000 shares
+5 more
8 metrics
Series A Preferred converted
1000000.0000 shares
Converted into Ordinary Shares on August 5, 2026
Series B Preferred converted
1000000.0000 shares
Converted into Ordinary Shares on August 5, 2026
Series C Preferred converted
1000000.0000 shares
Converted into Ordinary Shares on August 5, 2026
Series D Preferred converted
124700.0000 shares
Partial conversion into Ordinary Shares on August 5, 2026
Series D Preferred remaining
875300.0000 shares
Direct holdings of Series D Preferred after conversion
Ordinary from Series D conversion
28057500.0000 shares
Ordinary Shares acquired in one non-derivative entry on August 5, 2026
Ordinary share price for A–C conversions
9.0000 per share
Recorded for three 9000000.0000-share Ordinary entries on August 5, 2026
Ordinary share price for Series D conversion
225.0000 per share
Recorded for 28057500.0000 Ordinary Shares on August 5, 2026
Key Terms
Preferred Shares, Ordinary Shares, perpetual, stockholder approval
4 terms
perpetual financial
"Each class of Preferred Shares is perpetual and therefore has no expiration date"
Perpetual describes a financial instrument or obligation that has no fixed end date and can continue indefinitely unless the issuer chooses to end it. For investors, that means there is no scheduled return of principal, so value depends on ongoing payments, issuer stability and market interest rates—similar to receiving rent from a property with no set sale date. Perpetual instruments often pay higher yields to compensate for that open-ended risk.
stockholder approval regulatory
"Following receipt by Quantum Cyber N.V. of stockholder approval on April 22, 2026"
Stockholder approval is formal consent given by a company’s shareholders, usually through a vote at a meeting or by proxy, for major actions such as mergers, asset sales, changes to corporate structure, or amendments to governance rules. Investors pay attention because the vote can enable or block steps that materially change a company’s direction, ownership or value—like neighbors voting to allow a major renovation that would alter a building’s use and worth.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Quantum Cyber (QUCY) report for David E. Lazar?
Quantum Cyber reported that CEO David E. Lazar converted multiple series of Preferred Shares into Ordinary Shares on August 5, 2026, following prior stockholder approval that allowed these conversions for no additional consideration at his option.