Quantum Computing (QUBT) insider cashes out 37,474 shares after option exercise

Rhea-AI Filing Summary

Quantum Computing Inc. director Javad Shabani exercised and sold company shares through August–September 2025. On 08/18/2025 Mr. Shabani exercised 40,000 non‑qualified stock options granted 05/10/2024 (exercise price $1.00) using a net cashless exercise at a $15.84 per‑share calculation, resulting in issuance of 37,474 shares. He sold 20,000 shares on 09/05/2025 at $15.30 and sold the remaining 17,474 shares on 09/08/2025 at $15.26, leaving 0 shares beneficially owned following the transactions.

Positive

• Full disclosure of option exercise method, grant date, exercise price, share counts, sale dates, and sale prices
• Options fully vested prior to exercise (vested on 12/31/2024) and exercised under the company equity plan

Negative

• Director no longer holds any beneficial shares after the reported sales (beneficial ownership reduced to 0)
• Insider sales represent complete liquidation of shares issued from the exercised options

Insights

Securities Analyst

TL;DR: Director exercised vested options then sold all resulting shares, ending with zero beneficial ownership.

The filing shows a routine exercise of fully vested non‑qualified options followed by two open‑market sales that liquidated the resulting position. The options were granted at $1.00 and exercised via a net cashless method that yielded 37,474 shares. Subsequent sales at $15.30 and $15.26 removed the director's beneficial ownership. For investors, this is a clear disclosure of insider liquidity but the filing contains no operational or financial performance data.

Corporate Governance Expert

TL;DR: Insider executed contractual equity rights and disclosed full disposition; governance disclosure appears complete.

The report documents that the director's options were fully vested by 12/31/2024 and exercised on 08/18/2025 under the company plan and director agreement. The use of net exercise is explicitly stated and the subsequent sales are reported with prices and dates. The filing provides required transparency on changes in beneficial ownership; it does not disclose any related party agreements beyond the director agreement reference.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shabani Javad

(Last) (First) (Middle)

5 MARINE VIEW PLZ #214

(Street)

HOBOKEN NJ 07030

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Quantum Computing Inc. [ QUBT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/18/2025		M		37,474	A	(1)	37,474	D
Common Stock	09/05/2025		S		20,000	D	$15.3	17,474	D
Common Stock	09/08/2025		S		17,474	D	$15.26	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to Purchase Shares of Common Stock	(1)(2)	08/18/2025		D			40,000	12/31/2024	05/10/2029	Common Stock	37,474	$0	10,219	D

Explanation of Responses:

1. These shares were acquired by the Reporting Person on August 18, 2025 by exercising the Stock Options (defined below) to purchase 40,000 shares of the Company's common stock, par value $0.0001 per share ("Common Stock"), all of which were vested, using a "net exercise" method at a cashless exercise price of $15.84 per share, resulting in the issuance of 37,474 shares of Common Stock.

2. The non-qualified stock options (the "Stock Options") were granted to the Reporting Person on May 10, 2024 pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan and according to the terms of the director agreement by and between the Reporting Person and the Issuer, at an exercise price of $1.00 and fully vested on December 31, 2024.

	/s/ Javad Shabani	09/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did QUBT director Javad Shabani do according to the Form 4?

He exercised 40,000 non‑qualified stock options on 08/18/2025 resulting in issuance of 37,474 shares, then sold 20,000 shares on 09/05/2025 at $15.30 and 17,474 shares on 09/08/2025 at $15.26.

What was the exercise price and grant date of the options exercised?

The options were granted on 05/10/2024 with an exercise price of $1.00 and fully vested on 12/31/2024.

How many shares did the net cashless exercise yield?

The net cashless exercise yielded 37,474 shares from the exercise of 40,000 options.

Does the Form 4 show any remaining beneficial ownership by the reporting person?

No; following the transactions the reporting person reports 0 shares beneficially owned.

Under which equity plan were the stock options granted?

They were granted pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan.