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QHSLab holder distributes 2.2M shares, exits stake

Marvin Smollar Family Trust reports distributing all 2,226,280 USAQ shares to beneficiary trusts and now holds 0% of the company.

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(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

QHSLab, Inc. (USAQ) received an amended Schedule 13D from the Marvin Smollar Family Trust reporting that it no longer beneficially owns any of the company’s common stock. The amendment also corrects a prior typographical error in the trust’s reported sole dispositive power.

On August 26, 2026, the trust distributed all 2,226,280 shares of QHSLab common stock in equal parts to two beneficiary irrevocable trusts, 1,113,140 shares each, as part of estate administration, with no consideration paid. Following this distribution, the trust reports 0 shares beneficially owned and 0.0% of the class, with no voting or dispositive power over any QHSLab shares.

Positive

  • None.

Negative

  • None.
Shares previously beneficially owned 2,226,280 shares Total QHSLab common stock held by the Marvin Smollar Family Trust before the August 26, 2026 distribution
Shares distributed to each beneficiary trust 1,113,140 shares Number of QHSLab common shares distributed to each of the two irrevocable beneficiary trusts on August 26, 2026
Shares currently beneficially owned 0 shares Post-distribution holdings of the Marvin Smollar Family Trust in QHSLab common stock
Percentage of class now owned 0.0% Current percentage of QHSLab common stock beneficially owned by the Marvin Smollar Family Trust
Corrected sole dispositive power 2,226,280 shares Corrected share count for sole dispositive power in the original Schedule 13D
Distribution date August 26, 2026 Date on which the Marvin Smollar Family Trust completed the distribution of all its QHSLab shares
Schedule 13D regulatory
"This Amendment No 1 amends and supplements the filed with the commision on April 27, 2026"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficial owner regulatory
"Following the distribution, the Trust holds no shares of Common Stock and has ceased to be the beneficial owner of more than 5% class."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power financial
"Row 9 of the cover page to the original reported sole dispositive power of 226,280 shares."
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
estate administration other
"the Trust held the shares of Common Stock solely for purposes of estate administration and intended to distribute all such shares"

FAQ

What change in ownership of QHSLab, Inc. (USAQ) does this Schedule 13D/A report?

It reports that the Marvin Smollar Family Trust has distributed all 2,226,280 shares of QHSLab common stock to two beneficiary trusts and now holds 0 shares, representing 0.0% of the class.

When did the Marvin Smollar Family Trust dispose of its USAQ shares?

On August 26, 2026, the Marvin Smollar Family Trust distributed all 2,226,280 QHSLab common shares in connection with estate administration, after which it ceased to be a beneficial owner of more than 5% of the class.

How were the 2,226,280 USAQ shares allocated by the Marvin Smollar Family Trust?

The trust distributed all 2,226,280 shares of QHSLab common stock in equal parts, 1,113,140 shares each, to the Justin B. Smollar Irrevocable Trust dtd 2/13/2023 and the Jeremy L. Smollar Irrevocable Trust dtd 2/13/2023.

Did QHSLab, Inc. (USAQ) or the beneficiary trusts pay consideration for the share distribution?

No. The filing states that no consideration was paid in connection with the August 26, 2026 distribution of 2,226,280 shares from the Marvin Smollar Family Trust to the two beneficiary irrevocable trusts.

What correction does this Schedule 13D/A make regarding USAQ share counts?

The amendment corrects Row 9 of the original cover page, changing sole dispositive power from 226,280 shares to 2,226,280 shares, to be consistent with Rows 7 and 11 and Item 5(b) of the original filing.

What is the Marvin Smollar Family Trust’s current voting and dispositive power over USAQ?

The trust reports it has no sole or shared voting power and no sole or shared dispositive power over any QHSLab common stock, and that its percentage of the class is 0.0%.

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

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90350R107

(CUSIP Number)
Marvin Smollar Family Trust
16469 Bridlewood Circle,
Delray Beach, FL, 33445
312-648-6800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/26/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
This Amendment No 1 amends and supplements the Schedule 13D filed with the commision on April 27, 2026 by the Marvin Smollar Family Trust dtd 2/13/2023 with respect to the Common Stock of QHSLab, Inc. Row 9 of the cover page to the original Schedule 13D reported sole dispositive power of 226,280 shares. The correct figure was 2,226,280 consistent with Rows 7 and 11 and with Item 5b of the original filing. Capitalized terms used but not defined herein have the meanings given in the original Schedule 13D


SCHEDULE 13D


Marvin Smollar Family Trust dtd 2/13/2023
Signature:Justin B. Smollar
Name/Title:Trustee on behalf of Marvin Smollar Family Trust dtd 2/13/2023
Date:09/04/2026

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