Scott Carroll Krosnowski, Chief Financial Officer of QumulusAI, Inc., filed a Form 4 on November 2, 2026, reporting three stock option exercises in the company's common stock on October 30, 2026.

Key Highlights

  • Three option exercises: Krosnowski exercised options covering 50,692 shares at $0.36, 33,334 shares at $1.11, and 4,740 shares at $3.00, all on October 30, 2026.
  • All options fully vested: According to the filing, each of the three exercised stock options was fully vested at the time of exercise.
  • Zero cost for exercises: The price of each derivative security is listed as $0 in the filing.
  • Resulting ownership: Following the transactions, Krosnowski directly beneficially owned 443,246 shares of common stock.
  • RSU component: The filing notes that 195,917 of those shares are to be issued upon vesting under restricted stock unit awards granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, conditioned on Krosnowski remaining an employee through applicable vesting dates.
  • Derivative holdings reduced to zero: After the exercises, the number of derivative securities beneficially owned in each exercised option series was reported as 0.

Krosnowski's October 30 Option Exercises at QumulusAI

According to the Form 4 filed with the SEC on November 2, 2026, Scott Carroll Krosnowski, who serves as Chief Financial Officer of QumulusAI, Inc. (NASDAQ:QMLS), reported three separate transactions on October 30, 2026, each coded "M," indicating the exercise of derivative securities. The first exercise converted 50,692 stock options with an exercise price of $0.36 into common stock; the second converted 33,334 options at $1.11; and the third converted 4,740 options at $3.00. The filing states that all three option grants were fully vested.

Following the three exercises, Krosnowski's direct beneficial ownership of QumulusAI common stock stood at 443,246 shares, as reported in Table I of the filing. The filing discloses that this total includes 195,917 shares to be issued upon vesting pursuant to restricted stock unit awards granted under the QumulusAI, Inc. 2026 Equity Incentive Plan, "conditioned upon the Reporting Person remaining an employee of QumulusAI through the applicable vesting dates." The exercised options carried expiration dates of September 15, 2033, November 25, 2034, and December 13, 2032, respectively.

After the reported transactions, the beneficial ownership of each of the three exercised derivative series was reduced to zero, according to Table II of the filing. All reported ownership is held directly. The Form 4 was signed by Scott Carroll Krosnowski and dated November 2, 2026.

What Was Disclosed

QumulusAI's CFO, Scott Carroll Krosnowski, disclosed the exercise of three fully vested stock option grants totaling 88,766 shares on October 30, 2026, resulting in direct beneficial ownership of 443,246 shares, including 195,917 shares subject to RSU vesting conditions.