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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Begliarbekov Milan

(Last) (First) (Middle)
5 MARINE VIEW PLZ
SUITE 214

(Street)
HOBOKEN NJ 07030

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/02/2025
3. Issuer Name and Ticker or Trading Symbol
Quantum Computing Inc. [ QUBT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 28,400 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (1) 10/12/2027 Common Stock 55,000 $2.37 D
Stock Options (2) 05/12/2028 Common Stock 200,000 $1.35 D
Stock Options (3) 02/19/2030 Common Stock 5,600 $7.96 D
Explanation of Responses:
1. On 10/12/2022, Mr. Begliarbekov was granted non-qualified stock options (the "Stock Options") to purchase up to an aggregate of 55,000 shares of the Company's common stock, at an exercise price of $2.37 per share. The Stock Options are fully vested.
2. On 5/12/2023, Mr. Begliarbekov was granted Stock Options to purchase up to an aggregate of 200,000 shares of the Company's common stock, at an exercise price of $1.35 per share. The Stock Options shall vest annually over five years.
3. On 2/19/2025, Mr. Begliarbekov was granted Stock Options to purchase up to an aggregate of 5,600 shares of the Company's common stock, at an exercise price of $7.96 per share. The Stock Options are fully vested.
/s/ Milan Begliarbekov 01/12/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.