I analysed insider trading SEC Form 4 filings for IONQ, It is quite interesting
|Transaction Date|Type|Traded Shares|AVG Price|Total|Total Shares Owned|
|:-|:-|:-|:-|:-|:-|
|2022-01-14|Add|\+12,070|$12.62|$152,323.40|12,070|
|2022-05-06|Add|\+2,597,500|$5.66|$14,701,850.00|2,609,570|
|2022-05-26|Add|\+48,260|$5.67|$273,634.20|2,649,510|
|2023-06-30|Add|\+24,550|$13.41|$329,215.50|2,642,010|
|2024-06-06|Add|\+23,391|$7.67|$179,408.97|2,665,401|
|2025-02-26|Add|\+668,226|$29.55|$19,746,078.30|3,318,767|
|2025-06-09|Sale|\-9,280|$40.06|$371,756.80|3,309,487|
|2025-06-11|Sale|\-2,597,500|$39.70|$103,120,750.00|711,987|
|2025-08-13|Add|\+485,319|$41.21|$19,999,995.99|1,197,306|
|2025-09-11|Sale|\-16,120|$47.05|$758,446.00|1,181,186|
Meanwhile IONQ company:
* Has negative net income: -331m in 2024, -176m in Q2 2025
* Miserable gross revenue: 43m in 2024, 20m in Q2 2025
* The dilution is going crazy: Q1 2025 - 25m shares printed. Q2 2025 - 49m (almost $3billion)
Our dude:
* Became CEO in 2025
* In Q1-Q2 of 2025 was awarded almost the same amount of $$$ as the whole gross revenue of IONQ in 2024. Financials in 2025 are as broke as before.
* The dude goes public and says: “We are the next Nvidia”, “We will make billions in the future”.
* Stock makes an insane 600%.
* The new CEO sells most of his holdings but begins to print new shares in a massive amount.
* In public, the dude conveniently says, “I haven't sold any of my CEO stock and intend never to in the future”. And if you look at the data, the dude doesn’t lie. He intends to get himself all the stock back via awards
In the end, the dude won't lose any number of shares, but has already printed himself more than 100 million USD in cash on the hype he pumped.