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

Role: Director
Signature: /s/ Bertrand Velge
Stock symbol: QUBT
Transactions as of: Oct 17, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/19/2022, 09:52 PM
Previous filing: Dec 8, 2021
Next filing: Aug 31, 2023

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	+100K	+100%	$0.00	200K	Oct 17, 2022	Common Stock	100K	$2.37	Direct	F1
transaction	QUBT	Options to purchase Common Stock	Award	$0	+250K	+125%	$0.00	450K	Oct 17, 2022	Common Stock	250K	$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. Velge 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. Velge and the Issuer. These options vest in equal quarterly increments of 25,000 shares on March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022, subject to Mr. Velge's continuing services for the Issuer in the capacity in which the grant was received on each applicable vesting date.
F2	These options were issued to Mr. Velge 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) 100,000 shares on June 16, 2022, (ii) 75,000 shares on September 30, 2022, and (iii) 75,000 shares on December 31, 2022.

Content

These options were issued to Mr. Velge 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. Velge and the Issuer. These options vest in equal quarterly increments of 25,000 shares on March 31, 2022, June 30, 2022, September 30, 2022 and December 31, 2022, subject to Mr. Velge's continuing services for the Issuer in the capacity in which the grant was received on each applicable vesting date.

These options were issued to Mr. Velge 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) 100,000 shares on June 16, 2022, (ii) 75,000 shares on September 30, 2022, and (iii) 75,000 shares on December 31, 2022.