Christopher Boehmler - Jul 1, 2023 Form 3 Insider Report for Quantum Computing Inc. (QUBT)

Role: Chief Financial Officer
Signature: /s/ Christopher Boehmler
Stock symbol: QUBT
Transactions as of: Jul 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/7/2023, 05:41 PM
Next filing: Dec 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	QUBT	Common Stock						60.3K	Jul 1, 2023	Direct	F1

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
holding	QUBT	Options							Jul 1, 2023	Common Stock	91.3K	$2.56	Direct	F2
holding	QUBT	Options							Jul 1, 2023	Common Stock	8.75K	$2.37	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The common stock beneficially owned by Mr. Boehmler includes 1,210 shares purchased on the open market and 59,100 stock grants (the "Stock Grants") issued to Mr. Boehmler in lieu of a cash bonus pursuant to the 2022 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of his employment agreement. The Stock Grants shall vest as follows: 29,550 (or 1/2) of the Stock Grants shall vest on December 31, 2023, and 29,550 (or 1/2) shall vest on December 31,2024.
F2	The stock options (the "First Options Grant") were issued to Mr. Boehmler on March 28, 2022 (the "First Grant Date"), pursuant to the 2019 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment offer by and between Mr. Boehmler and the Issuer. The First Options Grant shall vest as follows: 30,413 (or 1/3) of the First Options Grant shall vest on the first anniversary of the First Grant Date, 30,413 (or 2/3) shall vest on the second anniversary of the First Grant Date, and the remainder of the Stock Options shall vest on the third anniversary of the First Grant Date. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated.
F3	The stock options (the "Second Options Grant") were issued to Mr. Boehmler on October 12, 2022 (the "Second Grant Date"), pursuant to the 2022 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment offer by and between Mr. Boehmler and the Issuer. The Second Options Grant shall vest as follows: 2,916 (or 1/3) of the Stock Options vested on March 28, 2023, 2,916 (or 2/3) shall vest on March 28, 2024, and the remainder of the Stock Options shall vest on March 28, 2025. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated.