Begliarbekov Milan 4

What Happened
Milan Begliarbekov, COO of Quantum Computing Inc. (QUBT), received equity compensation on May 28, 2026: 24,774 restricted stock units (RSUs) and stock options to purchase 9,979 shares. The RSUs were granted at $0 (typical for RSU awards) and each RSU represents the right to one share upon vesting. The options carry an exercise price of $12.24 per share (the Nasdaq closing price on the grant date) and have a ten‑year term. Both awards were reported on Form 4 as grants (code A) and are service‑conditioned rather than open‑market purchases or sales.

Key Details

• Transaction date: May 28, 2026; Form 4 filed June 1, 2026 (filed within the SEC’s two business‑day requirement).
• RSUs: 24,774 RSUs granted; acquisition value reported $0 at grant; 1/3 vest on May 28 of 2027, 2028 and 2029, subject to continuous service.
• Options: 9,979 stock options granted; exercise price $12.24 (closing price on grant date); ten‑year term; vesting 1/3 on May 28 of 2027, 2028 and 2029, subject to continuous service.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 describes the RSU grant and vesting schedule; F2 describes the option grant, exercise price, term and vesting.
• Transaction type: Award/Grant (A) — no sale, purchase, or exercise reported in this filing.

Context

• RSUs convert to shares only upon vesting; options require vesting and a separate exercise to become shares. Because the option strike equals the closing market price on the grant date ($12.24), the options had no intrinsic value at grant (they are "at‑the‑money" at issuance).
• These grants are typical executive compensation and do not represent an open‑market purchase or sale by the insider. They are service‑conditioned awards and do not in themselves indicate insider buying or selling intent.