Quantum Computing CFO exercises options, sells shares
Quantum Computing Inc. CFO and General Counsel Christopher Bruce Roberts exercised employee stock options for 400,000 shares of common stock at an exercise price of $6.85 per share.
Rhea-AI Filing Summary
Quantum Computing Inc. CFO and General Counsel Christopher Bruce Roberts exercised employee stock options for 400,000 shares of common stock at an exercise price of $6.85 per share. He then sold a total of 78,262 shares of common stock in open-market transactions at weighted-average prices around $7.85 per share.
According to the disclosure, these sales were made to cover the option exercise price, withholding tax obligations, and broker fees and commissions through a broker-assisted cashless exercise of options originally granted on April 26, 2021 under the 2019 Equity and Incentive Plan. After these transactions, Roberts directly holds 1,123,038 shares of common stock and 300,000 remaining stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,360 | $7.852 | $73K |
| Exercise | Employee Stock Option (right to buy) | 400,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 400,000 | $6.85 | $2.74M |
| Sale | Common Stock | 68,902 | $7.8518 | $541K |
Footnotes (3)
- F1. Sale of shares to cover the exercise price, withholding tax obligations and broker fees and commissions, pursuant to a broker assisted cashless exercise of vested stock options granted on April 26, 2021 under the 2019 Quantum Computing Inc. Equity and Incentive Plan.
- F2. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $7.8500 to $7.8550 on March 10, 2026 and March 11, 2026. The Reporting Person undertakes to provide the Registrant, any securityholder of the Registrant, 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. The stock option was granted on April 26, 2021 (the "Date of Grant"), and had a vesting commencement date of April 26, 2021. The options vested as follows: (i) 150,000 Options vested immediately upon grant (ii) 83,333 Options vested on the 12-month anniversary of the Date of Grant (iii), 83,333 Options vested on the 24-month anniversary of the Date of Grant and (iv) 83,334 Options vested on the 36-month anniversary of the Date of Grant.
FAQ
What did Quantum Computing Inc. (QUBT) CFO do in this Form 4 filing?
What stock options did the Quantum Computing Inc. (QUBT) CFO exercise?
AI-generated analysis. How Rhea-AI works. Not financial advice.