Form 4: IonQ CFO Sells Shares to Cover Tax Obligations After Vesting

IonQ's Chief Financial Officer, Thomas G. Kramer, sold 9,780 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Thomas G. Kramer, the Chief Financial Officer of IonQ, Inc., sold 9,780 shares of common stock on December 11, 2024.
• 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 $29.7171, with individual transactions ranging from $29.6782 to $30.2897.
• Following the transaction, Kramer directly owns 926,114 shares of IonQ common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to tax obligations, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by IonQ's CFO is consistent with standard procedures for handling stock-based compensation and tax liabilities.
• Similar transactions are regularly reported by executives at other technology companies.

Stakeholder Impact

• The sale of shares by the CFO has a minimal impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

IonQ, Thomas G. Kramer, CFO, stock sale, restricted stock units, tax withholding, insider trading, Form 4