Form 3: Bruce Bernstein Files Indirect Ownership of 23 QCLS Shares
Rhea-AI Filing Summary
Bruce Bernstein, a director, filed an Initial Statement of Beneficial Ownership reporting an indirect interest in Q/C Technologies, Inc. (QCLS). The form states a beneficial interest in 23 common shares held indirectly through Stormy Monday LLC. It also reports warrants dated 11/17/2020 that expire 05/18/2026 covering 23 underlying common shares with a listed exercise price of $12,360. The transaction date triggering the filing is 09/01/2025 and the form was signed on 10/06/2025. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest as a member of Stormy Monday LLC.
Positive
- Timely disclosure of director's ownership via Form 3, showing compliance with reporting rules
- Clear identification of indirect ownership through Stormy Monday LLC, including pecuniary interest disclaimer
Negative
- Holding size is minimal at 23 shares, implying limited economic or voting influence
- High listed exercise price of $12,360 for warrants may limit likelihood of near-term exercise
Insights
Director reports a small, indirect stake via an LLC and outstanding warrants.
The filing documents that Bruce Bernstein holds an indirect interest in 23 common shares of Q/C Technologies through Stormy Monday LLC. It also lists warrants exercisable from 11/17/2020 that expire on 05/18/2026 for the same 23-share amount at an exercise price shown as $12,360.
This disclosure is routine under Section 16(a) and signals compliance with insider-reporting rules; the holding size is small and therefore unlikely to change control dynamics in the near term. Monitor warrant expiry on 05/18/2026 for any exercise activity that would convert derivative exposure into common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Common stock, par value $0.001 per share | -- | -- | -- |
Footnotes (1)
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