Brian E. Cabrera - May 21, 2021 Form 3 Insider Report for QUANTUM CORP /DE/ (QMCO)

Signature
/s/ Brian E. Cabrera
Stock symbol
QMCO
Transactions as of
May 21, 2021
Transactions value $
$0
Form type
3
Date filed
5/21/2021, 05:49 PM
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QMCO Common Stock 175K May 21, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. The grant to Mr. Cabrera was approved on May 1, 2021; however, Mr. Cabrera was not designated as a Section 16 officer by the QMCO Board of Directors until May [21], 2021. Vesting is subject to continued employment with QMCO through the service vesting date, which occurs in three equal annual installments on May 1, 2022, May 1, 2023, and May 1, 2024.