Christopher Bruce Roberts - 26 Apr 2021 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: CFO, Director
Signature: /s/ Christopher Roberts
Issuer symbol: QUBT
Transactions as of: 26 Apr 2021
Transactions value $: $0
Form type: 4
Filing time: 19 May 2021, 17:10:56 UTC
Next filing: 19 Oct 2022
SEC: View on sec.gov

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 Common Stock	Award	$0	+400K	+888.89%	$0.00	445K	26 Apr 2021	Common Stock	400K	$6.85	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	400,000 stock options (the "Options") were granted to Mr. Roberts on April 26, 2021 (the "Date of Grant"), pursuant to an employment agreement, dated as of the Date of the Grant, by and between the Issuer and Mr. Roberts. The Options shall vest as follows: (i) 150,000 Options vested immediately upon grant (ii) 83,333 Options shall vest on the 12-month anniversary of the Date of Grant (iii), 83,333 Options shall vest on the 24-month anniversary of the Date of Grant and (iv) 83,334 Options shall vest on the 36-month anniversary of the Date of Grant. The Options shall expire on April 25, 2026.

Content

400,000 stock options (the "Options") were granted to Mr. Roberts on April 26, 2021 (the "Date of Grant"), pursuant to an employment agreement, dated as of the Date of the Grant, by and between the Issuer and Mr. Roberts. The Options shall vest as follows: (i) 150,000 Options vested immediately upon grant (ii) 83,333 Options shall vest on the 12-month anniversary of the Date of Grant (iii), 83,333 Options shall vest on the 24-month anniversary of the Date of Grant and (iv) 83,334 Options shall vest on the 36-month anniversary of the Date of Grant. The Options shall expire on April 25, 2026.