IonQ Executive Chair Sells $59.8M in Shares Through Planned Transaction
IonQ Executive Chair Peter Chapman reported significant insider transactions on June 20, 2025, executed through a pre-planned Rule 10b5-1 trading plan established on March 14, 2025.
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Rhea-AI Filing Summary
IonQ Executive Chair Peter Chapman reported significant insider transactions on June 20, 2025, executed through a pre-planned Rule 10b5-1 trading plan established on March 14, 2025.
Key transaction details:
- Exercised 1,497,311 employee stock options at $0.1334 per share
- Subsequently sold the same number of shares at a weighted average price of $39.931 (range: $39.50-$41.40)
- Post-transaction holdings: 390,329 shares held directly and 107,661 remaining stock options
The transactions were executed under a Rule 10b5-1 plan, which provides a safe harbor from insider trading allegations by establishing predetermined trading parameters. Chapman's remaining stock options are fully vested and exercisable, with an expiration date of May 16, 2029.
Positive
- None.
Negative
- Executive Chair Peter Chapman sold 1,497,311 shares worth approximately $59.8M (at avg price $39.93) through a planned 10b5-1 transaction, reducing his direct holdings by 79% from 1,887,640 to 390,329 shares
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,497,311 | $0.1334 | $200K |
| Exercise | Common Stock | 1,497,311 | $0.1334 | $200K |
| Sale | Common Stock | 1,497,311 | $39.931 | $59.79M |
Footnotes (3)
- F1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.50 to $41.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. All of the shares subject to this option are fully vested and exercisable as of the date hereof.
FAQ
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