Form 4: Quantum Corp CEO James Lerner Sells Shares to Cover Tax Obligations

Quantum Corp CEO James Lerner sold shares of common stock on April 21, 2025, to cover tax withholding obligations related to vesting performance-based stock units.

Summary

• On April 21, 2025, James J. Lerner, the President and CEO of Quantum Corp, engaged in transactions involving the company's common stock.
• Lerner acquired 5,828 shares of common stock at a price of $0.
• Simultaneously, Lerner sold 2,784 shares of common stock at a weighted average price of $9.6488, with prices ranging from $9.6144 to $9.67.
• The sale was executed to cover tax withholding obligations associated with the vesting of performance-based stock units granted on July 1, 2022.
• Following these transactions, Lerner directly owns 110,848 shares of Quantum Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (stock sale for tax obligations) and doesn't inherently indicate positive or negative sentiment. It's a neutral disclosure.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Executives often sell shares to cover tax obligations or diversify their holdings.

Stakeholder Impact

• The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates

Keywords

Quantum Corp, James J. Lerner, stock sale, Form 4, SEC, insider trading, tax withholding, performance-based stock units, QMCO