Jennings Jay Walter 4

What Happened Jay Walter Jennings, Chief Financial Officer of QT Imaging Holdings, Inc. (QTI), was granted 2,800 restricted stock units (RSUs) on 2026-03-20. The RSUs were awarded at $0.00 per share (no cash paid) and therefore have no immediate purchase value. This was an equity award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20 (Grant/Award)
• Filing date: 2026-03-24 (Form 4 filed 4 days after the transaction; appears to miss the standard two-business-day filing window)
• Shares/units granted: 2,800 RSUs
• Price per unit: $0.00; total immediate cost/value reported: $0
• Vesting: One-third vests May 15, 2027; remaining two-thirds vest in eight equal quarterly installments on each Aug 15, Nov 15, Feb 15 and May 15, fully vested May 15, 2029. All RSUs vest immediately upon a Change of Control (per the company’s 2024 Equity Incentive Plan). (Footnote F1)
• Shares owned after the transaction: not stated in the filing
• Other notes: No 10b5-1 plan, tax-withholding, or cashless exercise indicated in the filing

Context RSUs are a common form of executive compensation and represent a promise to deliver shares in the future subject to vesting conditions; they are not an immediate market purchase or sale. The award’s accelerated vesting on a Change of Control is a standard retention/transaction protection clause. The late filing should be noted by investors, as timely disclosures help track insider activity; the grant itself is routine compensation reporting rather than a direct buy or sell signal.