Kenneth P. Gianella - Oct 1, 2024 Form 4 Insider Report for QUANTUM CORP /DE/ (QMCO)

Signature
/s/ Tara La Bree, Attorney-in-Fact for Kenneth P. Gianella
Stock symbol
QMCO
Transactions as of
Oct 1, 2024
Transactions value $
$0
Form type
4
Date filed
10/21/2024, 05:17 PM
Previous filing
Apr 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QMCO Common Stock Award $0 +17.8K +4.73% $0.00 393K Oct 1, 2024 Direct F1
* 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, 2025, October 1, 2026 and October 1, 2027. Delayed filing arose from an error related to effecting the reverse stock split within QMCOs stock plan administration platform and the resulting delay of the distribution of the equity award agreement to reporting person. Reporting person has elected to continue to use the grant date for the reported transaction date notwithstanding the delayed distribution of the equity award agreement.