Michael C. Turmelle - 04 Oct 2024 Form 4 Insider Report for Quantum Computing Inc. (QUBT)

Role: Director
Signature: /s/ Michael Turmelle
Issuer symbol: QUBT
Transactions as of: 04 Oct 2024
Net transactions value: $0
Form type: 4
Filing time: 04 Oct 2024, 16:00:47 UTC
Previous filing: 04 Jan 2024
Next filing: 03 Jan 2025
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	+100,000	+22%	$0.000000	550,000	04 Oct 2024	Common Stock	100,000	$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.