Quantum Computing Inc. — Director's Dealing 2023

Jul 7, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Quantum Computing Inc. (QUBT)
CIK: 0001758009
Period of Report: 2023-07-01

Reporting Person: Boehmler Christopher (Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	60310	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options	$2.56		Common Stock (91250)		Direct
Options	$2.37		Common Stock (8750)		Direct

Footnotes

F1: The common stock beneficially owned by Mr. Boehmler includes 1,210 shares purchased on the open market and 59,100 stock grants (the "Stock Grants") issued to Mr. Boehmler in lieu of a cash bonus pursuant to the 2022 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of his employment agreement. The Stock Grants shall vest as follows: 29,550 (or 1/2) of the Stock Grants shall vest on December 31, 2023, and 29,550 (or 1/2) shall vest on December 31,2024.

F2: The stock options (the "First Options Grant") were issued to Mr. Boehmler on March 28, 2022 (the "First Grant Date"), pursuant to the 2019 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment offer by and between Mr. Boehmler and the Issuer. The First Options Grant shall vest as follows: 30,413 (or 1/3) of the First Options Grant shall vest on the first anniversary of the First Grant Date, 30,413 (or 2/3) shall vest on the second anniversary of the First Grant Date, and the remainder of the Stock Options shall vest on the third anniversary of the First Grant Date. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated.

F3: The stock options (the "Second Options Grant") were issued to Mr. Boehmler on October 12, 2022 (the "Second Grant Date"), pursuant to the 2022 Quantum Computing Inc. Equity and Incentive Plan and according to the terms of the employment offer by and between Mr. Boehmler and the Issuer. The Second Options Grant shall vest as follows: 2,916 (or 1/3) of the Stock Options vested on March 28, 2023, 2,916 (or 2/3) shall vest on March 28, 2024, and the remainder of the Stock Options shall vest on March 28, 2025. In lieu of fractional vesting, the number of Stock Options will be rounded up each time until fractional Stock Options are eliminated.