4/A: Quantum Corp Executive Corrects Stock Ownership After Reverse Split

A Quantum Corp executive filed an amended form to correct their reported stock ownership after a 1-for-20 reverse stock split.

Summary

• Brian E. Cabrera, a Senior Vice President and Chief Administrative Officer at Quantum Corp, filed an amended Form 4 to correct the number of shares he beneficially owns.
• The original filing on October 21, 2024, did not account for the 1-for-20 reverse stock split that occurred on August 26, 2024.
• The corrected filing shows Cabrera's direct ownership of 32,345 shares of common stock after the reverse split.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing, not indicative of any significant positive or negative sentiment. It is a necessary administrative action following a corporate event.

Industry Context

This filing is a routine correction of a stock ownership report following a corporate action, which is common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• Reverse stock splits are a common corporate action, and subsequent adjustments to ownership filings are expected.

Stakeholder Impact

• The correction ensures accurate reporting of insider ownership, which is important for transparency to shareholders.

Key Dates

Keywords

stock ownership, reverse stock split, SEC Form 4, Quantum Corp, executive, filing