James J. Lerner - Jan 1, 2024 Form 4 Insider Report for QUANTUM CORP /DE/ (QMCO)

Signature
/s/ Josie Buensuceso, Attorney-in-Fact for James L. Lerner
Stock symbol
QMCO
Transactions as of
Jan 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/23/2024, 05:27 PM
Previous filing
Oct 12, 2023
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QMCO Common Stock Award $0 +200K +11.73% $0.00 1.9M Jan 1, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted as annual refresh grant shares. 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 January 1, 2025, January 1, 2026 and January 1, 2027. Delayed filing arose from an administrative error related to implementing and configuring QMCO's new stock plan administration platform.