(QMCO)

Role: President & CEO, Director
Signature: /s/ Josie Buensuceso, Attorney-in-Fact for James J. Lerner
Stock symbol: QMCO
Transactions as of: Oct 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/5/2021, 04:48 PM
Previous filing: Sep 13, 2021
Next filing: Jan 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QMCO	Common Stock	Award	$0	+200K	+13.27%	$0.00	1.71M	Oct 1, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	QMCO	Performance-Based Restricted Stock Units	Award	$0	-200K	-50%	$0.00	200K	Oct 1, 2021	Common Stock	200K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. Vesting is subject to continued employment with QMCO through the service vesting date, which occurs in three equal annual installments on October 1, 2022, October 1, 2023 and October 1, 2024.
F2	Grant of Performance-Based Restricted Stock Units ("PSUs"), each of which represents a contingent right to receive one share of common stock of QMCO, with vesting subject to the achievement of specified levels of the average closing prices of a share of QMCO common stock during any one hundred (100) calendar day period occurring between October 1, 2021 and October 1, 2026. Vesting is subject to continued employment with QMCO through the later of the achievement date or service vesting date, which occurs in three installments on October 1, 2022, October 1, 2023 and October 1, 2024.

Content

Grant of Restricted Stock Units ("RSUs"), each of which represents a contingent right to receive one share of common stock of QMCO. Vesting is subject to continued employment with QMCO through the service vesting date, which occurs in three equal annual installments on October 1, 2022, October 1, 2023 and October 1, 2024.

Grant of Performance-Based Restricted Stock Units ("PSUs"), each of which represents a contingent right to receive one share of common stock of QMCO, with vesting subject to the achievement of specified levels of the average closing prices of a share of QMCO common stock during any one hundred (100) calendar day period occurring between October 1, 2021 and October 1, 2026. Vesting is subject to continued employment with QMCO through the later of the achievement date or service vesting date, which occurs in three installments on October 1, 2022, October 1, 2023 and October 1, 2024.