4/A: Quantum Corp Chief Revenue Officer Amends SEC Filing to Correct Share Sale

Quantum Corp's Chief Revenue Officer, Henk Jan Spanjaard, amended a previous SEC filing to correct the number of shares sold to cover tax obligations related to vested stock units.

Summary

• Henk Jan Spanjaard, Chief Revenue Officer of Quantum Corp, filed an amendment to a previous SEC Form 4.
• The amendment corrects the number of shares sold on November 8, 2024, which was originally reported incorrectly.
• The sale was to cover tax withholding obligations related to the vesting of restricted stock units.
• The corrected transaction shows that 218 shares were sold at a price of $4.43 per share.
• The amendment increases the number of shares reported as beneficially owned by Spanjaard following the corrected transaction.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. It is a standard process for insider trading disclosures.

Industry Context

This type of filing is standard for corporate insiders who trade company stock, and the amendment is a routine correction of a previous filing.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The correction of a previous filing is not uncommon and is often due to administrative errors or changes in reporting requirements.
• Similar filings are made by executives at companies like Seagate Technology (STX) and Western Digital (WDC) when they trade their company's stock.

Stakeholder Impact

• The amendment provides transparency to shareholders regarding insider transactions.
• The correction ensures accurate reporting of beneficial ownership.

Key Dates

Keywords

SEC Filing, Form 4, Amendment, Quantum Corp, Share Sale, Stock Units, Beneficial Ownership, Executive Compensation, Tax Withholding