Zapata Quantum, Inc. (ZPTA) Protective Put Calculator

Calculator · free · no signup · ZPTA

Price a protective put, zero-cost collar, or put spread on Zapata Quantum, Inc.. Annual cost, max loss, upside cap, tax treatment, auto-filled from current ZPTA option chain.

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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.

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About Zapata Quantum, Inc.

Zapata Quantum, Inc. (ZPTA) is a public Cloud/SaaS company, incorporated in Delaware and headquartered in Boston, MA. IPO'd Apr 1, 2024.

OTC; quantum computing algorithm/software platform.

Equity grants at Zapata Quantum, Inc. typically include incentive stock options (ISOs) and non-qualified stock options (NSOs).

Spun out of Harvard University's quantum computing lab in 2017, Zapata Quantum builds hardware-agnostic software for quantum computers. Founded by Harvard professor Alan Aspuru-Guzik, four of his postdoctoral researchers, and CEO Christopher Savoie, the company developed the Orquestra platform and holds patents for Quantum Intermediate Representation (QIR), a translation layer that lets quantum programs run across multiple hardware platforms. After ceasing operations in October 2024 and filing for bankruptcy, the company relaunched under CEO Sumit Kapur and closed an oversubscribed $15 million financing round in April 2026.

Sources: thequantuminsider.com · businesswire.com · hpcwire.com

Equity comp at Zapata Quantum, Inc.

  • Zapata Quantum completed a SPAC merger in March 2024 when Andretti Acquisition Corp. merged with Zapata Computing, Inc. and domesticated as a Delaware corporation. The company ceased operations in October 2024 due to debt obligations, filed for bankruptcy in 2025, and re-emerged as Zapata Quantum focused on quantum software after converting over $10 million of debt to equity. Pre-restructuring equity plans were substantially disrupted by the bankruptcy. As of year-end 2025, total unrecognized stock option compensation was approximately $1,849, indicating minimal active grants. The company has used stock options rather than RSUs as its primary equity vehicle both before and after restructuring.
  • Vesting schedule: stock options vest monthly over four years with a one-year cliff on initial grants.

Sources: sec.gov · globenewswire.com · thequantuminsider.com

Researched 2026-07-11.

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Zapata Quantum, Inc..

A protective put caps your downside on the ZPTA position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current ZPTA option chain, with annual cost, max loss, and tax-treatment notes.

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Zapata Quantum, Inc. equity questions

How much does it cost to hedge ZPTA stock?
The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and ZPTA's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current ZPTA option chain and shows the annual cost, maximum loss, and tax treatment.
Does Zapata Quantum, Inc. grant ISOs, NSOs, or RSUs?
Equity compensation at Zapata Quantum, Inc. typically takes the form of incentive stock options (ISOs) and non-qualified stock options (NSOs). Incentive stock options can trigger the alternative minimum tax (AMT) when you exercise.
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