SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Gahan Patrick Joseph

(Last) (First) (Middle)
817 W PEACHTREE STREET NW, SUITE 935

(Street)
ATLANTA GA 30308

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/14/2026
3. Issuer Name and Ticker or Trading Symbol
QumulusAI, Inc. [ QMLS ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 284,863 D
Common Stock 103,488 I By Slim Mint Group LLC
Common Stock 212,394 I By Window Macaroni Group LLC
Common Stock 39,757 I Gahan LTC SPE, LLC
Common Stock 5,963 I Inspira Financial FBO Anya Gahan
Common Stock 5,963 I Inspira Financial FBO Mya Gahan
Common Stock 19,765 I Inspira Trust FBO Patrick Gahan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant 01/21/2025 05/05/2034 Common Stock 1,595 $3 I By Slim Mint Group LLC
Warrant 01/21/2025 05/05/2034 Common Stock 1,595 $3 I By Window Macaroni Group LLC
Warrant 08/01/2024 07/31/2034 Common Stock 1,250 $3 I By Window Macaroni Group LLC
Stock Option (right to buy) 01/17/2025 09/30/2034 Common Stock 182 $3.3 I By Slim Mint Group LLC
Stock Option (right to buy) 01/17/2025 09/30/2034 Common Stock 182 $3.3 I By Window Macaroni Group LLC
Stock Option (right to buy) (1) 12/13/2032 Common Stock 11,395 $3 D
Stock Option (right to buy) 01/17/2025 09/30/2034 Common Stock 24,406 $3 D
Stock Option (right to buy) (2) 09/30/2034 Common Stock 8,189 $0.69 D
Explanation of Responses:
1. This option vested with respect to 25% of the shares on December 31, 2022 and 1/36 of the remaining shares vest per month thereafter.
2. This option vested with respect to (i) 50% of the shares on March 14, 2025; (ii) 1/4th of the remaining unvested shares monthly thereafter (prior to 4/1/2025 Contribution and Exchange Agreements, as amended, between QumulusAI, Inc. and shareholders of The Cloud Minders, Inc., pursuant to which The Cloud Minders, Inc. became a wholly owned subsidiary of QumulusAI, Inc., which is referred to herein as the Acquisition); (iii) 50% of the remaining unvested shares (upon Acquisition); and (iv) 1/18th of the remaining unvested shares monthly (after Acquisition).
/s/ Patrick Joseph Gahan 07/14/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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