Form 4: IonQ CEO Peter Chapman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
IonQ's CEO, Peter Chapman, sold 29,452 shares of common stock on March 11, 2024, to cover statutory tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 11, 2024, Peter Chapman, the President and CEO of IonQ, Inc., sold 29,452 shares of IonQ common stock.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
- The shares were sold at a weighted average price of $10.1956, with individual transactions ranging from $9.758245 to $10.216169.
- Following the transaction, Chapman directly owns 451,233 shares of IonQ common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although this is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock sale transaction |
| 03/13/2024 | Date of Form 4 filing |
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