Form 4: IonQ Chief Revenue Officer Sells Shares to Cover Tax Obligations

IonQ's Chief Revenue Officer, Rima Alameddine, sold 21,337 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Rima Alameddine, Chief Revenue Officer of IonQ, Inc., sold 21,337 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 $29.7313, with individual transaction prices ranging from $29.6782 to $30.2897.
• Following the transaction, Alameddine directly owns 571,321 shares of IonQ common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It does not indicate any specific trend or issue within the quantum computing industry.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across publicly listed companies, including those in the technology sector.
• Similar transactions are regularly reported by executives at companies like Google (Alphabet), Microsoft, and Amazon, as part of their equity compensation plans.
• The sale of 21,337 shares is not unusual for an executive at a company of IonQ's size and stage.

Stakeholder Impact

• The sale of shares by the Chief Revenue Officer is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine transaction.

Key Dates

Keywords

IonQ, stock sale, insider trading, Rima Alameddine, restricted stock units, tax obligations, equity compensation