4//SEC Filing
McGann William J 4
Accession 0001213900-25-029093
CIK 0001758009other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 5:38 PM ET
Size
10.7 KB
Accession
0001213900-25-029093
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2025-04-02+1,080,069→ 1,249,169 total - Disposition to Issuer
Options to Purchase Shares of Common Stock
2025-04-02+535,000→ 0 totalExercise: $2.40Exp: 2027-01-24→ Common Stock (375,139 underlying) - Disposition to Issuer
Options to Purchase Shares of Common Stock
2025-04-02+1,000,000→ 0 totalExercise: $2.37Exp: 2027-10-17→ Common Stock (704,930 underlying)
Footnotes (3)
- [F1]Options to purchase 535,000 shares of common stock (the "January 2022 Options") at an exercise price of $2.40 per share were issued to Mr. McGann on January 24, 2022 pursuant to an employment agreement and subject the Quantum Computing Inc. 2019 Equity and Incentive Plan. These options vested and became exercisable as follows: (i) 178,333 shares vested upon grant (January 24, 2022), (ii) 178,333 shares on January 24, 2023, and (iii) 178,334 shares on January 24, 2024.
- [F2]Options to purchase 1,000,000 shares of common stock (the "October 2022 Options") at an exercise price of $2.37 per share were issued to Mr. McGann on October 17, 2022 as a success bonus for the completion of the Issuer's merger with QPhoton, Inc., and pursuant to the Quantum Computing Inc. 2022 Equity and Incentive Plan. These options vested and became exercisable as follows: (i) 500,000 shares on June 16, 2022, (ii) 250,000 shares on September 30, 2022, and (iii) 250,000 shares on December 31, 2022.
- [F3]These shares were acquired by Mr. McGann on April 2, 2025 by exercising the January 2022 Options and the October 2022 Options, all of which were vested, using a "net exercise" method at a cashless exercise price of $8.032 per share, resulting in the issuance of 375,139 and 704,930 shares, respectively, for a total of 1,080,069 shares of common stock.
Documents
Issuer
Quantum Computing Inc.
CIK 0001758009
Entity typeother
Related Parties
1- filerCIK 0001546809
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 5:38 PM ET
- Size
- 10.7 KB