Form 4: IonQ CEO Peter Chapman Sells Shares to Cover Tax Obligations

IonQ's CEO, Peter Chapman, sold shares of common stock on June 11 and 12, 2024, to cover statutory tax withholding obligations related to vesting restricted stock units.

Summary

• Peter Chapman, the President and CEO of IonQ, Inc., sold shares of IonQ common stock on June 11 and June 12, 2024.
• The sales were executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• On June 11, 2024, 5,936 shares were sold at a weighted average price of $7.8865, with individual prices ranging from $7.815 to $8.06.
• On June 12, 2024, 6,394 shares were sold at a weighted average price of $8.1319, with individual prices ranging from $8.04 to $8.365.
• Following these transactions, Chapman directly owns 438,903 shares of IonQ common stock.

Sentiment

Score: 5

Explanation: The document simply reports stock sales to cover tax obligations, which is a neutral event. It doesn't indicate positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates