Dinu Raluca 4

What Happened

• Dinu Raluca, CEO of QT Imaging Holdings, Inc. (QTI), was granted three equity awards on March 20, 2026 totaling 519,500 shares (3,500 + 500,000 + 16,000). All were recorded as awards/acquisitions at $0.00 per share (i.e., restricted stock unit grants rather than cash purchases or open‑market buys). The Form 4 was filed on March 24, 2026.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the required two business days).
• Grants: 3,500 RSUs, 500,000 RSUs, and 16,000 RSUs; $0 per share at grant (award).
• Total awarded: 519,500 RSUs; grant-dollar amount not reported on Form 4 (cash paid = $0 at grant).
• Shares beneficially owned after the transaction: not provided in the supplied data; the filing notes holdings reflect a 3-for-1 reverse stock split effective Oct 23, 2025 (Footnote F1).
• Vesting and acceleration: the awards are restricted stock units subject to time-based vesting schedules and will fully or partially vest on specified future dates; all three grants include immediate vesting upon a Change of Control per the company’s 2024 Equity Incentive Plan (Footnotes F2–F4).
• Footnotes summary:
  • F1: Beneficial ownership numbers reflect the 3-for-1 reverse stock split (Oct 23, 2025).
  • F2–F4: Describe different time-based vesting schedules (quarterly or staged vesting over periods ending between 2026–2030) and change‑of‑control acceleration.
• Timeliness: Filing appears timely (within two business days of the March 20 transaction).

Context

• These were grants of restricted stock units (RSUs), not open‑market purchases or sales. RSUs are compensation that convert to shares only as they vest; they do not represent immediate share sales or cash transactions. Because vesting is time‑based and can accelerate on a change of control, these awards are typical executive compensation and should be interpreted as such rather than as a direct market buy/sell signal.