4/A: Quantum Computing Inc. Director Transfers Shares to Family Trust, Amends Filing to Reflect Retained Beneficial Ownership

Yuping Huang, Chief Quantum Officer and Director at Quantum Computing Inc., amended a previous Form 4 filing to clarify the retention of beneficial ownership of 2,000,000 shares transferred to the YH Family Trust of 2025.

Summary

• Yuping Huang, a Director and Chief Quantum Officer at Quantum Computing Inc. (QUBT), filed an amended Form 4 with the SEC.
• The amendment corrects an error in the original filing regarding a transfer of 2,000,000 shares of Common Stock to the YH Family Trust of 2025.
• The original Form 4 incorrectly stated that Huang did not retain beneficial ownership of the shares.
• The amended filing clarifies that Huang retains beneficial ownership of the 2,000,000 shares held by the trust, of which Huang's minor children are the beneficiaries.
• After the transaction, Huang directly owns 22,051,256 shares and indirectly owns 2,000,000 shares.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Negatives

• The original Form 4 contained an error regarding the beneficial ownership of shares transferred to the trust, requiring an amendment.

Industry Context

This filing is a routine disclosure related to insider transactions and beneficial ownership, common for publicly traded companies. It doesn't necessarily reflect broader industry trends but provides transparency into the holdings of company insiders.

Related Party Transactions

• The transfer of shares to the YH Family Trust, of which the Reporting Person's minor children are the beneficiaries, constitutes a related party transaction.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders regarding the beneficial ownership of the company's stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, Quantum Computing Inc., QUBT, Yuping Huang, YH Family Trust, Share Transfer, Director, Chief Quantum Officer