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Smollar Family Trust discloses 14.8% QHSLab stake (USAQ)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

QHSLab, Inc. shareholder Marvin Smollar Family Trust filed a Schedule 13D reporting beneficial ownership of 2,226,280 common shares, or about 14.8% of the company. The trust is an irrevocable estate-settlement vehicle administered by co-trustees Justin and Jeremy Smollar.

The position was built through three transactions: two earlier issuances to Marvin Smollar that were later transferred into the trust, and a January 29, 2026 pro-rata distribution from MedScience Research Group, Inc. The trust states it holds the shares solely for estate administration and intends to distribute all 2,226,280 shares under the trust instrument.

Positive

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Insights

Trust reports a 14.8% QHSLab stake held for estate administration.

The Marvin Smollar Family Trust discloses beneficial ownership of 2,226,280 QHSLab common shares, representing about 14.81% of outstanding stock based on 15,032,788 shares as of March 30, 2026. This makes the trust a significant, though non-controlling, shareholder.

The filing details that shares came from pro-rata MedScience distributions and a convertible note, with no cash paid by the trust for the large January 2026 tranche. The trust states it holds the position solely for estate administration and plans to distribute all shares according to the trust terms, suggesting eventual redistribution of this stake among beneficiaries or related parties.

Beneficial ownership 2,226,280 shares QHSLab common stock held by the trust
Ownership percentage 14.81% Portion of QHSLab outstanding shares as of March 30, 2026
Shares outstanding 15,032,788 shares QHSLab common shares outstanding as of March 30, 2026
Tranche 1 shares 584,079 shares Pro-rata distribution from MedScience on June 29, 2021
Tranche 2 conversion 181,313 shares at $0.55/share Conversion of 10% note with $99,722.00 total converted
Promissory note principal $88,626 Original principal on 10% convertible note dated December 27, 2019
Tranche 3 shares 1,460,888 shares Pro-rata MedScience distribution to the trust on January 29, 2026
Obligations satisfied Approximately $470,529 Principal and interest under promissory note settled by issuing 1,568,432 shares to MedScience
Schedule 13D regulatory
"This is the initial filing."
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.
beneficially owns financial
"The Trust beneficially owns an aggregate of 2,226,280 shares of Common Stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
testamentary trust financial
"The Trust is a testamentary trust being administered for estate settlement purposes."
Convertible Note Assignment Agreement financial
"Pursuant to a Convertible Note Assignment Agreement dated March 15, 2021"
Rule 144 restrictions regulatory
"These shares are subject to Rule 144 restrictions."
pro-rata distribution financial
"issued 584,079 shares of Common Stock on June 29, 2021, as pro-rata distribution from MedScience"





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:
Revocable Trust, now irrevocable upon death of grantor


SCHEDULE 13D


Marvin Smollar Family Trust dtd 2/13/2023
Signature:Justin Smollar
Name/Title:Co-Trustee
Date:04/27/2026

FAQ

What percentage of QHSLab (USAQ) shares does the Marvin Smollar Family Trust report owning?

The Marvin Smollar Family Trust reports beneficial ownership of 2,226,280 QHSLab common shares, representing approximately 14.81% of the company’s outstanding stock. This percentage is based on 15,032,788 shares outstanding as of March 30, 2026, from QHSLab’s latest annual report.

How did the Marvin Smollar Family Trust acquire its 2,226,280 QHSLab (USAQ) shares?

The trust’s 2,226,280 shares came from three tranches. Two earlier tranches totaling 765,392 shares were first issued to Marvin Smollar and later transferred into the trust. A third tranche of 1,460,888 shares was received on January 29, 2026 via a pro-rata MedScience distribution.

What is the stated purpose of the Marvin Smollar Family Trust’s QHSLab (USAQ) holdings?

The filing states the trust holds QHSLab shares solely for estate administration. As a testamentary trust arising after Marvin Smollar’s death, it intends to distribute all 2,226,280 common shares in accordance with the trust instrument and applicable estate settlement procedures.

Were any cash payments made for the Marvin Smollar Family Trust’s largest QHSLab (USAQ) share tranche?

No cash consideration was paid for the largest tranche. The trust received 1,460,888 QHSLab shares on January 29, 2026 as a pro-rata MedScience distribution, after QHSLab issued 1,568,432 shares to MedScience to satisfy a promissory note of about $470,529.

What convertible note transaction contributed to the Marvin Smollar Family Trust’s QHSLab (USAQ) position?

A 10% convertible promissory note with original principal of $88,626 was assigned to Marvin Smollar and later converted at $0.55 per share. Accrued interest increased the converted amount to $99,722.00, resulting in the issuance of 181,313 QHSLab shares that were later transferred to the trust.

What future actions regarding QHSLab (USAQ) shares does the Marvin Smollar Family Trust disclose?

The trust states it intends to distribute all 2,226,280 shares of QHSLab common stock in line with its governing instrument and estate administration procedures. The co-trustees, Justin and Jeremy Smollar, hold sole voting and dispositive power jointly over these shares until distribution.