Form 4: IonQ's Chief Technology Officer, Jungsang Kim, Reports Changes in Beneficial Ownership

Jungsang Kim, Chief Technology Officer of IonQ, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's common stock, including the acquisition of restricted stock units and adjustments to indirect holdings.

Summary

• On March 4, 2024, Jungsang Kim, the Chief Technology Officer of IonQ, Inc., reported changes in his beneficial ownership of the company's stock.
• Kim acquired 8,373 shares of common stock through restricted stock units (RSUs) at a price of $0.
• These RSUs will fully vest on March 10, 2024, contingent upon Kim's continued service to the company.
• Kim's direct holdings of common stock after the reported transaction amount to 6,630,161 shares.
• Kim also has indirect ownership through his spouse (5,000 shares) and children (27,837 shares).
• Additionally, 809,691 shares are held by the Jungsang Kim Irrevocable Trust for the benefit of his children, but Kim disclaims beneficial ownership of these shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects routine transactions and disclosures.

Positives

• The acquisition of restricted stock units suggests continued alignment of the CTO's interests with the company's performance.

Future Outlook

The vesting of RSUs on March 10, 2024, is contingent upon the Reporting Person continuing as a service provider through such date.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions. It is common for executives to receive stock-based compensation, aligning their interests with shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.

Key Dates