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D-Wave Quantum Inc. — Director's Dealing 2024
Mar 29, 2024
30690_dirs_2024-03-29_1810342b-113b-4fe1-9efe-4fdb3aacd955.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: D-Wave Quantum Inc. (QBTS)
CIK: 0001907982
Period of Report: 2024-03-27
Reporting Person: BARATZ ALAN E (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-27 | Common Stock, par value $0.0001 per share ("Common Stock") | A | 300000 | — | Acquired | 2744969 | Direct |
| 2024-03-27 | Common Stock, par value $0.0001 per share ("Common Stock") | F | 29513 | $1.95 | Disposed | 2715456 | Direct |
Footnotes
F1: Represents 300,000 restricted stock units, each restricted stock unit representing the right to receive one share of Common Stock of the Issuer, that will vest 25% on the first anniversary of the grant date and remaining will vest in equal quarterly installments beginning on June 27, 2025 through March 27, 2028, subject to the reporting person's continued service to the Issuer.
F2: Includes 1,775,000 shares of unvested restricted stock units: (i) 1,250,000 RSUs granted on October 27, 2022 and vesting as follows: 875,000 on October 27, 2024 and 375,000 on October 27, 2025, (ii) 225,000 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning June 27, 2024, and (iii) 300,000 RSUs granted on March 27, 2024 and vesting as follows: 75,000 on March 27, 2025 and the remaining 225,000 will vest quarterly at a rate of 6.25% beginning June 27, 2025.