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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 1/1/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 709283 |
| Issuer Name: QUANTUM CORP /DE/ |
| Issuer Trading Symbol: QMCO |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1602567 |
| | Owner Name: Lerner James J |
| Reporting Owner Address: |
| | Owner Street 1: C/O QUANTUM CORPORATION |
| | Owner Street 2: 224 AIRPORT PARKWAY, SUITE 550 |
| | Owner City: SAN JOSE |
| | Owner State: CA |
| | Owner ZIP Code: 95110 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: President & CEO |
| | Other Text: |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 1/1/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 200,000 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,904,908 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Footnotes: |
| Footnote - F1: Granted as annual refresh grant shares. Grant of Restricted Stock Units (RSUs), each of which represents a contingent right to receive one share of common stock of QMCO. Vesting is subject to continued employment with QMCO through the service vesting date, which occurs in three equal annual installments on January 1, 2025, January 1, 2026 and January 1, 2027. Delayed filing arose from an administrative error related to implementing and configuring QMCO's new stock plan administration platform. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Josie Buensuceso, Attorney-in-Fact for James L. Lerner |
| Signature Date: 4/23/24 |
