Form 4: IonQ's Chief Technology Officer Sells Shares to Cover Tax Obligations

Jungsang Kim, Chief Technology Officer of IonQ, Inc., sold shares to cover statutory tax withholding obligations related to the vesting of restricted stock units.

Summary

• On March 11, 2024, Jungsang Kim, the Chief Technology Officer of IonQ, Inc., sold 10,220 shares of common stock at a weighted average price of $10.1957.
• The sale was mandated by IonQ's policy to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Kim directly owns 6,619,941 shares of IonQ common stock.
• Kim also indirectly owns 5,000 shares through a spouse, 27,837 shares through a child, and 809,691 shares through the Jungsang Kim Irrevocable Trust for the benefit of his children, but disclaims beneficial ownership of the trust's shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing for an insider transaction. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine filing related to insider transactions. It is common for executives to sell shares to cover tax obligations when restricted stock units vest. The sale itself doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although this particular sale is for tax obligations and is not necessarily indicative of the executive's confidence in the company.

Key Dates