Morgan Stanley updates IonQ (IONQ) ownership to under 5% of shares

Rhea-AI Filing Summary

Morgan Stanley and Morgan Stanley Investment Management Inc. report updated ownership in IonQ, Inc. common stock, stating they have each ceased to be beneficial owners of more than five percent of the class.

Morgan Stanley reports beneficial ownership of 17,092,900 shares, representing 4.8% of IonQ’s common stock, with shared voting power over 15,452,121 shares and shared dispositive power over 17,064,944 shares. Morgan Stanley Investment Management Inc. reports beneficial ownership of 16,626,434 shares, or 4.7% of the class, with shared voting power over 15,108,876 shares and shared dispositive power over 16,626,434 shares. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of IonQ.

Insights

Equity ownership and regulatory filing analyst

Morgan Stanley discloses IonQ stake now below the 5% reporting threshold, with holdings kept for ordinary-course investment.

The filing shows Morgan Stanley reporting beneficial ownership of 17,092,900 IonQ shares, or 4.8% of the common stock. Morgan Stanley Investment Management Inc. separately reports 16,626,434 shares, or 4.7%. Both entities indicate shared, not sole, voting and dispositive power over these positions.

Both report that, as of the stated date, they have ceased to be beneficial owners of more than five percent of IonQ’s common stock. The certification specifies the securities are held in the ordinary course of business and not to change or influence control, framing this as a portfolio holding rather than a strategic control position.

From an investment thesis perspective, this is largely administrative information about ownership levels crossing a disclosure threshold. Future company filings may provide additional context on any further changes in institutional ownership.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

IonQ, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

46222L108

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 46222L108

1

Names of Reporting Persons

Morgan Stanley

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,452,121.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,064,944.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,092,900.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

CUSIP No. 46222L108

1

Names of Reporting Persons

Morgan Stanley Investment Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 15,108,876.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 16,626,434.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,626,434.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

IA, CO

Comment for Type of Reporting Person: As of the date hereof, Morgan Stanley Investment Management Inc. has ceased to be the beneficial owner of more than five percent of the class of securities.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: IonQ, Inc.
(b)	Address of issuer's principal executive offices: 4505 CAMPUS DRIVE, COLLEGE PARK, MD, 20740
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Morgan Stanley Investment Management Inc.
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 1585 Broadway New York, NY 10036
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 46222L108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 4.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.2
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Morgan Stanley

Signature:	Christopher O'Hara
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	02/12/2026

Morgan Stanley Investment Management Inc.

Signature:	Deidre A. Downes
Name/Title:	Authorized Signatory, Morgan Stanley Investment Management Inc.
Date:	02/12/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

What does Morgan Stanley’s Schedule 13G/A filing for IONQ show?

The filing shows Morgan Stanley beneficially owns 17,092,900 IonQ shares, representing 4.8% of the common stock. It also states Morgan Stanley has ceased to be a beneficial owner of more than five percent of this class of securities as of the reported date.

How much of IonQ (IONQ) stock does Morgan Stanley Investment Management Inc. report owning?

Morgan Stanley Investment Management Inc. reports beneficial ownership of 16,626,434 IonQ common shares, equal to 4.7% of the class. All of these shares are reported with shared voting and shared dispositive power, with no sole voting or dispositive authority disclosed in the filing.

Did Morgan Stanley fall below the 5% ownership threshold in IonQ (IONQ)?

Yes. Both Morgan Stanley and Morgan Stanley Investment Management Inc. state they have ceased to be beneficial owners of more than five percent of IonQ’s common stock. Their reported holdings stand at 4.8% and 4.7% of the outstanding common shares, respectively.

How much voting power does Morgan Stanley report over IonQ (IONQ) shares?

Morgan Stanley reports shared voting power over 15,452,121 IonQ common shares and no sole voting power. It also reports shared dispositive power over 17,064,944 shares, indicating decisions over these shares are made jointly with other parties rather than independently.

Is Morgan Stanley’s IonQ (IONQ) position described as a control investment?

No. The certification states the securities were acquired and are held in the ordinary course of business, not to change or influence control of IonQ. It also notes the holdings are not in connection with any transaction aimed at obtaining control of the issuer.

What type of reporting persons are listed for Morgan Stanley in the IonQ Schedule 13G/A?

Morgan Stanley is classified as an HC (parent holding company or control person), while Morgan Stanley Investment Management Inc. is classified as an IA (investment adviser). Both entities are organized in Delaware and report their principal business address as 1585 Broadway, New York, New York.