Huang Yuping 4

What Happened

• Huang Yuping, a reported 10% owner of Quantum Computing Inc. (QUBT), received equity compensation on May 28, 2026: 58,558 restricted stock units (RSUs) and stock options covering 23,588 shares. The RSUs were granted at $0.00 (award) and the options were granted with an exercise price of $12.24 per share (the Nasdaq closing price on the grant date). The options have a ten-year term. These are grants/awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-05-28; Form 4 filed 2026-06-01 (timely within the 2-business-day window).
• RSUs: 58,558 units; each RSU converts to one share upon vesting. No immediate cash/stock transfer.
• Options: 23,588 options; exercise price $12.24; 10-year term.
• Vesting for both awards: 1/3 vests on each of May 28, 2027, 2028 and 2029, subject to continuous service (per footnotes F1 and F2).
• Shares owned after the transaction: not disclosed in the provided filing.
• Transaction codes: A = Award/Grant; the option grant is reported as a derivative award.

Context

• These grants are standard equity compensation and do not represent an immediate purchase or sale of underlying shares. The options have not been exercised and no cashless sale occurred. As a 10% owner and reporting person under Section 16, Huang’s grants are reported to comply with insider disclosure rules; such awards are common for compensation and retention and should not be interpreted alone as a market sentiment indicator.