| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QUMU | Common Stock, $0.01 par value | Purchase | $428K | +175K | +12.41% | $2.44 | 1.59M | Aug 11, 2021 | See footnote | F1, F2, F3 |
| transaction | QUMU | Common Stock, $0.01 par value | Purchase | $163K | +65.4K | +4.12% | $2.50 | 1.65M | Aug 12, 2021 | See footnote | F2, F3, F4 |
| transaction | QUMU | Common Stock, $0.01 par value | Purchase | $218K | +87.9K | +5.32% | $2.48 | 1.74M | Aug 13, 2021 | See footnote | F2, F3, F5 |
| Id | Content |
|---|---|
| F1 | The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.36 to $2.4801 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price. |
| F2 | The amount of securities beneficially owned following reported transactions (the "Reported Shares") includes 43,099 shares of common stock received by Kenan Lucas in lieu of a portion of his annual board compensation. These 43,099 shares were assigned to Harbert Fund Advisors, Inc. ("HFA"), and are held in an affiliated brokerage account for the benefit of the investors of Harbert Discovery Fund, LP (the "Fund"). |
| F3 | The Reported Shares (other than the 43,099 shares referenced in footnote (2)) are held in the account of the Fund and may be deemed to be beneficially owned by (i) Harbert Discovery Fund GP, LLC (the "Fund GP"), the general partner of the Fund, (ii) HFA, the investment adviser to the Fund, (iii) Harbert Management Corporation ("HMC"), the managing member of the Fund GP and (iv) Kenan Lucas, the managing director and portfolio manager of the Fund GP and a director of the Issuer. |
| F4 | The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.43 to $2.55 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price. |
| F5 | The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices within the range from $2.41 to $2.54 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price. |
Each of the Fund GP, HFA and HMC may be deemed a director by deputization of the Issuer by virtue of the fact that Kenan Lucas, a representative of the Fund GP, HFA and HMC, currently serves on the Issuer's board of directors. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.