William McGann - Jan 24, 2022 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: COO and CTO
Signature: /s/ William J. McGann
Stock symbol: QUBT
Transactions as of: Jan 24, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/26/2022, 08:50 PM
Previous filing: Nov 10, 2021
Next filing: Oct 19, 2022

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	Award	$0	+535K		$0.00	535K	Jan 24, 2022	Common Stock	535K	$2.40	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The stock options (the "Options") were issued to Mr. McGann on January 24, 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 Mr. McGann and the Issuer. The Options shall vest and become exercisable as follows (i) 178,333 Options vested on the Date of Grant, (ii) 178,333 Options shall vest on the 12-month anniversary of the Date of Grant, and (iii), 178,334 Options shall vest on the 24-month anniversary of the Date of Grant.

Content

The stock options (the "Options") were issued to Mr. McGann on January 24, 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 Mr. McGann and the Issuer. The Options shall vest and become exercisable as follows (i) 178,333 Options vested on the Date of Grant, (ii) 178,333 Options shall vest on the 12-month anniversary of the Date of Grant, and (iii), 178,334 Options shall vest on the 24-month anniversary of the Date of Grant.