Form 4: IonQ CFO Thomas Kramer Reports Share Sales to Cover Tax Obligations

IonQ's Chief Financial Officer, Thomas Kramer, reported the sale of company stock to cover tax withholding obligations, along with a purchase made on behalf of a child.

Summary

• Thomas Kramer, CFO of IonQ, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 8, 2024, Kramer acquired 5 shares of Common Stock at $9.28 each indirectly through a child.
• On September 11 and 12, 2024, Kramer sold 4,866 and 3,887 shares of Common Stock at weighted average prices of $7.0487 and $7.3079, respectively.
• These sales were to cover statutory tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Kramer directly owns 935,894 shares of IonQ.
• Kramer also has indirect ownership through a child.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to investors regarding insider activity.

Stakeholder Impact

• The stock sales could have a minor dilutive effect on existing shareholders.
• The transactions provide transparency to shareholders regarding insider trading activity.

Key Dates