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

A Quantum Corp executive, Henk Jan Spanjaard, filed an amended Form 4 to correct the number of shares owned after a 1-for-20 reverse stock split.

Summary

• Henk Jan Spanjaard, Chief Revenue Officer of Quantum Corp, filed an amendment to a previous Form 4.
• The amendment corrects the number of shares beneficially owned to reflect a 1-for-20 reverse stock split that occurred on August 26, 2024.
• The original filing on October 21, 2024, reported pre-split share amounts.
• The corrected filing shows 16,056 shares owned by Spanjaard after the reverse split.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This filing is a routine correction following a corporate action (reverse stock split) and is not indicative of any specific industry trend.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders to report changes in beneficial ownership, and this amendment is a typical correction following a reverse stock split.
• Other companies that have undergone reverse stock splits would have similar filings from their executives.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Reverse Stock Split, Quantum Corp, QMCO, Henk Jan Spanjaard, SEC Filing