Robert Liscouski - 17 Oct 2022 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: President, CEO, Director
Signature: /s/ Robert Liscouski
Issuer symbol: QUBT
Transactions as of: 17 Oct 2022
Net transactions value: $0
Form type: 4
Filing time: 19 Oct 2022, 21:47:30 UTC
Previous filing: 26 Jan 2022
Next filing: 07 Jul 2023
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	+150,000	+26%	$0.000000	725,000	17 Oct 2022	Common Stock	150,000	$2.61	Direct	F1
transaction	QUBT	Options to purchase Common Stock	Award	$0	+1,500,000	+207%	$0.000000	2,225,000	17 Oct 2022	Common Stock	1,500,000	$2.37	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These options were issued to Mr. Liscouski on October 17, 2022, pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan and according to the terms of the employment agreement by and between Mr. Liscouski and the Issuer. These options vest over a three year period, starting on April 1, 2022, with (i) 50,000 of the options vesting on April 1, 2022, and (ii) the remainder of the options vesting in equal monthly installments of 2,778 shares for thirty five (35) months and (iii) 2,770 shares in the thirty sixth (36) month, subject to Mr. Liscouski's continuing services for the Company in the capacity in which the grant was received on each applicable vesting date.
F2	These options were issued to Mr. Liscouski 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 vest as follows: (i) 500,000 shares vest on June 16, 2022, (ii) 500,000 shares vest on September 30, 2022, and (iii) 500,000 shares vest on December 31, 2022.

Content

These options were issued to Mr. Liscouski on October 17, 2022, pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan and according to the terms of the employment agreement by and between Mr. Liscouski and the Issuer. These options vest over a three year period, starting on April 1, 2022, with (i) 50,000 of the options vesting on April 1, 2022, and (ii) the remainder of the options vesting in equal monthly installments of 2,778 shares for thirty five (35) months and (iii) 2,770 shares in the thirty sixth (36) month, subject to Mr. Liscouski's continuing services for the Company in the capacity in which the grant was received on each applicable vesting date.

These options were issued to Mr. Liscouski 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 vest as follows: (i) 500,000 shares vest on June 16, 2022, (ii) 500,000 shares vest on September 30, 2022, and (iii) 500,000 shares vest on December 31, 2022.