Christopher Boehmler - Oct 3, 2024 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: Chief Financial Officer
Signature: /s/ Christopher Boehmler
Stock symbol: QUBT
Transactions as of: Oct 3, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/4/2024, 04:00 PM
Previous filing: Dec 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QUBT	Common Stock	Award		+260K	+430.61%		320K	Oct 3, 2024	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
transaction	QUBT	Options to purchase Common Stock	Award	$0	+125K	+31.25%	$0.00	525K	Oct 4, 2024	Common Stock	125K	$0.46	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents shares of Common Stock of the Issuer, issued to Mr. Boehmler in lieu of cash bonus for the fiscal year ended December 31, 2023, pursuant to the terms of his employment agreement. These shares shall vest annually in equal amounts as follows: one half vesting on December 31, 2024 and one half vesting on December 31, 2025, subject to Mr. Boehmler continuing to perform services for Quantum Computing Inc. (the "Company") in the capacity in which the grant was received on each applicable vesting date.
F2	These options were issued to Mr. Boehmler on October 4, 2024, pursuant to the Company's 2022 Equity and Incentive Plan and according to the terms of the employment agreement by and between Mr. Boehmler and the Company. The options shall vest over three years from the anniversary date (July 1, 2024) of the Optionee's employment agreement (July 1, 2023) as follows: (i) 48,608 options vest immediately upon grant (October 4, 2024) and (ii) the remainder of the options shall vest in equal monthly installments starting November 1, 2024, of 2,315 options for thirty-two (32) months and 2,309 options in the thirty-third (33) month, subject to Mr. Boehmler continuing to perform services for the Company in the capacity in which the grant was received on each applicable vesting date.

Content

Represents shares of Common Stock of the Issuer, issued to Mr. Boehmler in lieu of cash bonus for the fiscal year ended December 31, 2023, pursuant to the terms of his employment agreement. These shares shall vest annually in equal amounts as follows: one half vesting on December 31, 2024 and one half vesting on December 31, 2025, subject to Mr. Boehmler continuing to perform services for Quantum Computing Inc. (the "Company") in the capacity in which the grant was received on each applicable vesting date.

These options were issued to Mr. Boehmler on October 4, 2024, pursuant to the Company's 2022 Equity and Incentive Plan and according to the terms of the employment agreement by and between Mr. Boehmler and the Company. The options shall vest over three years from the anniversary date (July 1, 2024) of the Optionee's employment agreement (July 1, 2023) as follows: (i) 48,608 options vest immediately upon grant (October 4, 2024) and (ii) the remainder of the options shall vest in equal monthly installments starting November 1, 2024, of 2,315 options for thirty-two (32) months and 2,309 options in the thirty-third (33) month, subject to Mr. Boehmler continuing to perform services for the Company in the capacity in which the grant was received on each applicable vesting date.