William McGann - 02 Apr 2025 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: CEO
Signature: /s/ William McGann
Issuer symbol: QUBT
Transactions as of: 02 Apr 2025
Net transactions value: $0
Form type: 4
Filing time: 04 Apr 2025, 17:38:43 UTC
Previous filing: 21 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUBT	Common Stock	Options Exercise	$0	+1,080,069	+639%	$0.000000	1,249,169	02 Apr 2025	Direct	F1, F2, F3

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	Disposed to Issuer	$0	+535,000		$0.000000	0	02 Apr 2025	Common Stock	375,139	$2.40	Direct	F1, F3
transaction	QUBT	Options to Purchase Shares of Common Stock	Disposed to Issuer	$0	+1,000,000		$0.000000	0	02 Apr 2025	Common Stock	704,930	$2.37	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Options to purchase 535,000 shares of common stock (the "January 2022 Options") at an exercise price of $2.40 per share were issued to Mr. McGann on January 24, 2022 pursuant to an employment agreement and subject the Quantum Computing Inc. 2019 Equity and Incentive Plan. These options vested and became exercisable as follows: (i) 178,333 shares vested upon grant (January 24, 2022), (ii) 178,333 shares on January 24, 2023, and (iii) 178,334 shares on January 24, 2024.
F2	Options to purchase 1,000,000 shares of common stock (the "October 2022 Options") at an exercise price of $2.37 per share were issued to Mr. McGann on October 17, 2022 as a success bonus for the completion of the Issuer's merger with QPhoton, Inc., and pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan. These options vested and became exercisable as follows: (i) 500,000 shares on June 16, 2022, (ii) 250,000 shares on September 30, 2022, and (iii) 250,000 shares on December 31, 2022.
F3	These shares were acquired by Mr. McGann on April 2, 2025 by exercising the January 2022 Options and the October 2022 Options, all of which were vested, using a "net exercise" method at a cashless exercise price of $8.032 per share, resulting in the issuance of 375,139 and 704,930 shares, respectively, for a total of 1,080,069 shares of common stock.