William J. McGann - 22 Sep 2021 Form 3 Insider Report for Quantum Computing Inc. (QUBT)

Role
Director
Signature
/s/ William J. McGann
Issuer symbol
QUBT
Transactions as of
22 Sep 2021
Net transactions value
$0
Form type
3
Filing time
10 Nov 2021, 10:18:25 UTC
Next filing
26 Jan 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
holding QUBT Stock option (option to purchase common stock) 22 Sep 2021 Common Stock 100,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company granted Mr. McGann options to purchase shares of common stock each year that he remains in service as a Non-Executive Director in the amount of 100,000 options per year, vesting quarterly at the stock price on the date of the grant, in accordance with the Company's 2019 Equity and Incentive Plan.
F2 Options expire on such date that Mr. McGann is no longer a Non-Executive Director of the Board of Directors of the Company.