Cardillo Robert T. 4
Research Summary
AI-generated summary
IonQ (IONQ) Executive Chair Robert Cardillo Sells 904 Shares
What Happened
- Robert T. Cardillo, Director and Executive Chair (and head of IonQ Federal), disposed of 904 IonQ shares on 2026-06-11 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The weighted-average sale price reported was $56.21 per share, for total proceeds of approximately $50,810. This was a disposal to cover tax liability (transaction code F), not an open-market investment purchase.
Key Details
- Transaction date: 2026-06-11; Form 4 filed 2026-06-12 (timely filing).
- Price: weighted average $56.21; actual sale prices ranged from $54.78 to $57.30 across multiple transactions (per footnote).
- Shares disposed: 904 shares; total proceeds ≈ $50,810.
- Reason: Sold to satisfy tax withholding on RSU vesting (Footnote F1).
- Footnote F2: price shown is a weighted average; Cardillo can provide the breakdown of shares sold at each price upon request.
- Shares owned after the transaction: not specified in the information provided in this summary.
Context
- This type of sale is a routine, non-investment transaction (cashless tax withholding) that commonly occurs when RSUs vest. It does not necessarily indicate a change in insider confidence or a broader trading intent.