IONQ Form 4: Thomas Kramer Disposes 64,578 Shares; Retains 473,302
Rhea-AI Filing Summary
IonQ CFO Thomas G. Kramer reported the sale of 64,578 shares of IonQ common stock on 09/03/2025 under a pre-established Rule 10b5-1 trading plan adopted March 14, 2025. The shares were sold at a weighted average price of $41.8232, with individual sale prices ranging from $40.59 to $42.98, and the reporting person retains beneficial ownership of 473,302 shares directly plus 5 shares indirectly through a child. The Form 4 was signed by an attorney-in-fact on 09/05/2025.
Positive
- Transaction executed under a Rule 10b5-1 trading plan, indicating pre-established, non-discretionary trades
- Disclosure includes weighted average price and full price range, enhancing transparency
- Reporting person retains significant ownership (473,302 shares directly)
Negative
- Insider disposed of 64,578 shares, reducing direct holdings
- Sale occurred at prices between $40.59 and $42.98, which could be viewed negatively if market context differs (no market context provided)
Insights
TL;DR: Insider sold a meaningful block under a 10b5-1 plan at ~$41.82; ownership remains substantial.
The reported sale of 64,578 shares executed pursuant to a Rule 10b5-1 plan signals a pre-arranged, non-discretionary disposition rather than an ad hoc decision by management. The weighted average price of $41.8232 and the disclosed price range provide useful execution context. Retaining 473,302 shares suggests continued alignment with shareholder value, though the sale reduces the reporting person's direct stake. Impact is informational rather than operational.
TL;DR: Filing shows procedural compliance with Section 16 and Rule 10b5-1; disclosure is complete regarding price range.
The Form 4 discloses adoption date of the 10b5-1 plan and provides the weighted average price plus the inclusive price range, which supports transparency. The filing was executed by an attorney-in-fact and includes the explanatory footnote offering further breakdown on request, reflecting good disclosure practice. This is a routine insider sale under an affirmative-defense plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 64,578 | $41.8232 | $2.70M |
| holding | Common Stock | -- | -- | -- |
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 $40.59 to $42.98, 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.
