Huang Yuping 4
4 · Quantum Computing Inc. · Filed Oct 18, 2022
Insider Transaction Report
Form 4
Huang Yuping
DirectorChief Quantum Officer10% Owner
Transactions
- Exercise/Conversion
Options to Purchase Shares of Common Stock
2022-10-14+400,000→ 400,000 totalExercise: $2.37→ Common Stock (400,000 underlying) - Award
Common Stock
2022-10-17+19,253,920→ 23,953,706 total
Footnotes (2)
- [F1]Acquired as a result of the conversion of 1,925,392 shares of Series B Preferred Stock on October 17, 2022.
- [F2]The stock options (the "Options") were issued to Dr. Huang on October 14, 2022 (the "Date of Grant"), pursuant to the 2019 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment agreement by and between Dr. Huang and the Issuer. The Options shall vest and become exercisable as follows: (i) 100,000 Options vested on the Date of Grant, (ii) 100,000 Options shall vest on the 12-month anniversary of the Date of Grant, (iii), 100,000 Options shall vest on the 24-month anniversary of the Date of Grant, and (iv) 100,000 Options shall vest on the 36-month anniversary of the Date of Grant.