Cardillo Robert T. 4

What Happened

• Robert T. Cardillo, Director and Executive Chair (IonQ Federal), exercised 2,500 option-derived shares at $11.24 per share (total cost $28,100) on April 16, 2026, and sold 2,500 shares in an open-market transaction the same day at $44.90 per share (gross proceeds $112,250). The Form 4 also reports a 2,500-share derivative conversion listed as disposed at $0.00.

Key Details

• Transaction date: 2026-04-16.
• Exercise: 2,500 shares @ $11.24 = $28,100 (code M — option exercise/conversion).
• Sale: 2,500 shares @ $44.90 = $112,250 (code S — open market sale).
• Additional derivative line: 2,500 shares reported disposed at $0.00 (reported as a derivative transaction).
• Plan/vesting notes: Transactions were made under a Rule 10b5-1 trading plan (adopted 3/12/2025; amended 6/13/2025). Per the filing, the underlying option vests one-third on 2/26/2025 and on each one-year anniversary thereafter (footnote).
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing timeliness: Form 4 filed 2026-04-17 for transactions on 2026-04-16 (timely filing).

Context

• The filing shows an option exercise followed by a same-day sale of an equal number of shares, a pattern consistent with a cashless exercise or sell-to-cover, where newly acquired shares are sold immediately. The line showing a 2,500-share derivative disposal at $0.00 likely reflects a non-cash settlement element reported by the issuer (e.g., shares surrendered to satisfy exercise price or withholding), as noted in the filing; the footnotes describe the option vesting schedule and the 10b5-1 plan.