Form 4: IonQ Executive Chair Peter Chapman Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Peter Chapman, Executive Chair of IonQ, sold 12,069 shares of common stock on March 11, 2025, to cover statutory tax withholding obligations related to the vesting of restricted stock units.
Summary
- On March 11, 2025, Peter Chapman, the Executive Chair of IonQ, Inc., sold 12,069 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 $18.5695, with individual transactions ranging from $17.88 to $19.16.
- Following the transaction, Chapman still beneficially owns 402,294 shares of IonQ common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations and doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This transaction is a routine financial activity and doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale of shares could have a minor, temporary impact on the stock price due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 03/11/2025 | Date of stock sale transaction. |
| 03/13/2025 | Date of signature on the Form 4 filing. |
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