Yuping Huang - 14 Oct 2022 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role
Chief Quantum Officer, Director, 10%+ Owner
Signature
/s/ Yuping Huang
Issuer symbol
QUBT
Transactions as of
14 Oct 2022
Transactions value $
$0
Form type
4
Filing time
18 Oct 2022, 12:13:18 UTC
Previous filing
27 Jun 2022
Next filing
05 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QUBT Common Stock Award +19.3M +409.68% 24M 17 Oct 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QUBT Options to Purchase Shares of Common Stock Options Exercise $0 +400K $0.00 400K 14 Oct 2022 Common Stock 400K $2.37 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired as a result of the conversion of 1,925,392 shares of Series B Preferred Stock on October 17, 2022.
F2 The stock options (the "Options") were issued to Dr. Huang on October 14, 2022 (the "Date of Grant"), pursuant to the 2019 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment agreement by and between Dr. Huang and the Issuer. The Options shall vest and become exercisable as follows: (i) 100,000 Options vested on the Date of Grant, (ii) 100,000 Options shall vest on the 12-month anniversary of the Date of Grant, (iii), 100,000 Options shall vest on the 24-month anniversary of the Date of Grant, and (iv) 100,000 Options shall vest on the 36-month anniversary of the Date of Grant.