Michael Turmelle - Oct 4, 2024 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: Director
Signature: /s/ Michael Turmelle
Stock symbol: QUBT
Transactions as of: Oct 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/4/2024, 04:00 PM
Previous filing: Jan 4, 2024

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	+22.22%	$0.00	550K	Oct 4, 2024	Common Stock	100K	$1.00	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 pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan and according to the terms of the director agreement by and between Mr. Turmelle and the Issuer. These options vest as follows: (i) 75,000 options vest immediately upon grant (October 4, 2024) and (ii) 25,000 options shall vest on December 31, 2024, subject to Mr. Turmelle's continuing services for the Issuer in the capacity in which the grant was received on each applicable vesting date.

Content

These options were issued to Mr. Turmelle pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan and according to the terms of the director agreement by and between Mr. Turmelle and the Issuer. These options vest as follows: (i) 75,000 options vest immediately upon grant (October 4, 2024) and (ii) 25,000 options shall vest on December 31, 2024, subject to Mr. Turmelle's continuing services for the Issuer in the capacity in which the grant was received on each applicable vesting date.