Form 4: IonQ's CTO, Jungsang Kim, Transfers Shares to Revocable and Irrevocable Trusts

Jungsang Kim, Chief Technology Officer of IonQ, Inc., reports the transfer and gifting of common stock to various family trusts in a recent SEC filing.

Summary

• On March 14, 2024, Jungsang Kim, the Chief Technology Officer of IonQ, Inc., engaged in transactions involving the company's common stock.
• Kim transferred 2,700,000 shares to the Jungsang Kim Revocable Trust, where he serves as trustee.
• He gifted 2,000,000 shares to the Soyeon Nam Revocable Trust for the benefit of his spouse.
• Additionally, 900,000 shares were gifted to the J. Kim Family GST 2023 Irrevocable Trust for the benefit of his family.
• Following these transactions, Kim directly owns 1,019,941 shares and indirectly owns shares through various trusts and family members.
• He disclaims beneficial ownership of shares held by the Soyeon Nam Revocable Trust, the Kim Family Trust, and the Jungsang Kim Irrevocable Trust, except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event, simply reporting the transfer of shares for estate planning purposes. It doesn't inherently indicate positive or negative sentiment towards the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect a change in the company's overall prospects or strategy. It is common for executives to manage their personal assets through trusts for estate planning purposes.

Key Dates