Michael C. Turmelle - 17 Oct 2022 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role
Director
Signature
/s/ Michael Turmelle
Issuer symbol
QUBT
Transactions as of
17 Oct 2022
Net transactions value
$0
Form type
4
Filing time
19 Oct 2022, 21:51:57 UTC
Previous filing
26 Jan 2022
Next filing
05 Jan 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 +250,000 +250% $0.000000 350,000 17 Oct 2022 Common Stock 250,000 $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. Turmelle 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) 100,000 shares on June 16, 2022, (ii) 75,000 shares on September 30, 2022, and (iii) 75,000 shares on December 31, 2022.