Robert Fagenson - Feb 17, 2021 Form 3 Insider Report for Quantum Computing Inc. (QUBT)

Role: Director
Signature: /s/ Robert Fagenson
Stock symbol: QUBT
Transactions as of: Feb 17, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/10/2021, 10:24 AM
Next filing: Oct 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	QUBT	Common Stock, par value $0.0001						100K	Feb 17, 2021	See Footnote	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
holding	QUBT	Options to purchase shares of Common Stock							Feb 17, 2021	Common Stock	100K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On August 27, 2020, the reporting person, through Fagenson Fixed Income Partners, LLC, for which the reporting person serves as managing member, subscribed for and purchased from the Issuer 100,000 shares of the Issuer's common stock at a purchase price of $1.00 per share (prior to joining the Company as a director on February 17, 2021).
F2	Pursuant to the terms of the non-qualified stock option agreement, entered into by and between Mr. Fagenson and the Issuer, and dated March 1, 2021 (the "Effective Date"), Mr. Fagenson was granted non-qualified stock options to purchase up to an aggregate of 100,000 shares of the Company's common stock, par value $0.0001 per share, at an exercise price of $8.85 per share (the "Stock Options"). The Stock Options shall vest as follows: 33,333 (or 1/3) of the Stock Options shall vest on the first anniversary of the Effective Date, 33,333 (or 2/3) shall vest on the second anniversary of the Effective Date, and the remainder of the Stock Options shall vest on the third anniversary of the Effective Date. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated.

Content

On August 27, 2020, the reporting person, through Fagenson Fixed Income Partners, LLC, for which the reporting person serves as managing member, subscribed for and purchased from the Issuer 100,000 shares of the Issuer's common stock at a purchase price of $1.00 per share (prior to joining the Company as a director on February 17, 2021).

Pursuant to the terms of the non-qualified stock option agreement, entered into by and between Mr. Fagenson and the Issuer, and dated March 1, 2021 (the "Effective Date"), Mr. Fagenson was granted non-qualified stock options to purchase up to an aggregate of 100,000 shares of the Company's common stock, par value $0.0001 per share, at an exercise price of $8.85 per share (the "Stock Options"). The Stock Options shall vest as follows: 33,333 (or 1/3) of the Stock Options shall vest on the first anniversary of the Effective Date, 33,333 (or 2/3) shall vest on the second anniversary of the Effective Date, and the remainder of the Stock Options shall vest on the third anniversary of the Effective Date. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated.