Exascale Labs CEO reports 5M Class B shares

Exascale Labs CEO Lee Hoan Soo reports 5 million indirectly held Class B shares, each convertible 1:1 into Class A. "and has sole voting and dispositive power with respect to the shares" A class B common stock is one of multiple types of a company's ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door. "Each share of Class B Common Stock converts into one share of Class A" Class B to Class A conversion ratio 1 Class B share for 1 Class A share Each Class B Common Stock share converts into one Class A Common Stock share Holdings After Transaction: Class B Common Stock, par value $0.0001 — 2,000,000 contracts (Indirect, By HSL Capital Management LLC); Class B Common Stock, par value $0.0001 — 1,000,000 contracts (Indirect, By the Jisu Paul Lee Non-Grantor Directed Trust); Class B Common Stock, par value $0.0001 — 1,000,000 contracts (Indirect, By the Sophia Jisun Lee Non-Grantor Directed Trust); Class B Common Stock, par value $0.0001 — 1,000,000 contracts (Indirect, By the Gabriel Jihwan Lee Non-Grantor Directed Trust) FAQ What insider holdings did XLAB CEO Lee Hoan Soo report on this Form 3? He reported indirect holdings of 5,000,000 shares of Class B Common Stock, consisting of 2,000,000 shares via HSL Capital Management LLC and 1,000,000 shares in each of three Non-Grantor Directed Trusts for his children, all as of August 27, 2026. How are Lee Hoan Soo's XLAB Class B shares held indirectly? The filing states 2,000,000 Class B shares are held by HSL Capital Management LLC, where he is sole member and manager, and 1,000,000 Class B shares each are held by the Jisu Paul Lee, Sophia Jisun Lee, and Gabriel Jihwan Lee Non-Grantor Directed Trusts. What conversion right applies to Exascale Labs' Class B Common Stock reported here? Each share of Class B Common Stock converts into one share of Class A Common Stock at the option of the holder at any time upon written notice to the company's transfer agent, according to the footnotes describing these holdings. When do XLAB Class B shares automatically convert into Class A shares? Each Class B share automatically converts into one Class A share upon a transfer of that share other than to a Qualified Stockholder, as defined in the footnotes, which detail who qualifies for that status. Does this XLAB Form 3 show any insider purchases or sales by Lee Hoan Soo? No. The Form 3 lists holding entries only for indirect ownership of Class B shares. The transaction summary reports zero buy, sell, acquire, dispose, gift, or exercise transactions, indicating this is an initial ownership report rather than a trading record.