IonQ Stock Steady as Executive Chair Chapman Cashes Out $170M Stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IonQ Executive Chair Peter Chapman reported significant insider transactions executed through a pre-planned Rule 10b5-1 trading plan established on March 14, 2025. The transactions occurred over two consecutive days:
- On June 16, 2025: Exercised 3,581,193 stock options at $0.1334 per share and subsequently sold them at an average price of $38.126
- On June 17, 2025: Exercised 910,740 stock options at $0.1334 per share and sold them at an average price of $37.7787
Following these transactions, Chapman retains 390,329 shares of common stock held directly and 1,604,972 vested stock options exercisable until May 16, 2029. The substantial price difference between the exercise price ($0.1334) and sale prices (>$36) resulted in significant gains. These pre-planned sales may indicate portfolio diversification rather than a lack of confidence in the company.
Positive
- None.
Negative
- Executive Chair Peter Chapman sold approximately 4.49 million shares worth ~$170M through a 10b5-1 plan, significantly reducing his holdings from ~4M to 390,329 shares (>90% reduction)
Insider Trade Summary
Net Seller: 4,491,933 shares ($170,943,138)
Net Sell
6 txns
Insider
Chapman Peter Hume
Role
Executive Chair
Sold
4,491,933 shs ($170.94M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 910,740 | $0.1334 | $121K |
| Exercise | Common Stock | 910,740 | $0.1334 | $121K |
| Sale | Common Stock | 910,740 | $37.7787 | $34.41M |
| Exercise | Employee Stock Option (right to buy) | 3,581,193 | $0.1334 | $478K |
| Exercise | Common Stock | 3,581,193 | $0.1334 | $478K |
| Sale | Common Stock | 3,581,193 | $38.126 | $136.54M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 1,604,972 shares (Direct);
Common Stock — 1,301,069 shares (Direct)
Footnotes (1)
- 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.0450 to $39.1450, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.87 to $38.65, 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. All of the shares subject to this option are fully vested and exercisable as of the date hereof