William McGann - Oct 17, 2022 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role
COO and CTO
Signature
/s/ William McGann
Stock symbol
QUBT
Transactions as of
Oct 17, 2022
Transactions value $
$0
Form type
4
Date filed
10/19/2022, 09:48 PM
Previous filing
Jan 26, 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 +1M +186.92% $0.00 1.54M Oct 17, 2022 Common Stock 1M $2.37 Direct F1
* 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. 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 vest and become 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.