| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QTI | Common Stock | Other | $0 | -105,773 | -1.8% | $0.000000 | 5,735,000 | 05 Jul 2024 | By GigAcquisitions5, LLC | F1, F2, F3 |
| holding | QTI | Common Stock | 26,593 | 03 Jul 2024 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QTI | Stock Option (right to buy) | Award | $0 | +40,000 | $0.000000 | 40,000 | 03 Jul 2024 | Common Stock | 40,000 | $0.7480 | Direct | F4 | |
| transaction | QTI | Private Warrants | Other | $0 | -105,773 | -100% | $0.000000* | 0 | 05 Jul 2024 | Common Stock | 105,773 | $2.30 | By GigAcquisitions5, LLC | F3, F5 |
| Id | Content |
|---|---|
| F1 | Distribution of shares of Common Stock to direct and indirect members of GigAcqusitions5, LLC (the "Sponsor"). |
| F2 | The total reported shares is a result of the deduction of the number of disposed shares of Common Stock from 5,840,773 shares of Common Stock as previously reported in Form 4 filed by the Reporting Person on July 1, 2024. |
| F3 | The Common Stock is held directly by Sponsor. The shares held by the Sponsor are beneficially owned by Dr. Katz. Dr. Katz is also the Manager of the Sponsor, who has sole voting and dispositive power over the shares held by the Sponsor. |
| F4 | One-third of the option will vest on February 15, 2025, and the remaining two thirds will vest in eight equal quarterly installments on each subsequent May 15, August 15, November 15 and February 15, such that the option will be fully vested on February 15, 2027, subject to Dr. Katz's continued service to the Issuer, through each vesting date. |
| F5 | Distribution of Private Warrants to direct and indirect members of the Sponsor. |