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D-Wave Quantum Inc. — Director's Dealing 2024
Mar 29, 2024
30690_dirs_2024-03-29_d8b504bd-cd87-4246-bb2e-f76d8e24047c.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: Nguyen Diane (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 | 80000 | — | Acquired | 379156 | Direct |
| 2024-03-27 | Common Stock, par value $0.0001 per share ("Common Stock") | A | 100000 | — | Acquired | 479156 | Direct |
| 2024-03-27 | Common Stock, par value $0.0001 per share ("Common Stock") | F | 5986 | $1.95 | Disposed | 473170 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-27 | Stock Option (right to buy) | $2.1 | A | 100000 | Acquired | 2034-03-27 | Common Stock (100000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $0.846 | 2034-01-10 | Common Stock (58255) | 58255 | Direct |
| Stock Option (right to buy) | $0.91 | 2030-05-05 | Common Stock (16592) | 16592 | Direct |
| Stock Option (right to buy) | $0.91 | 2030-05-05 | Common Stock (27668) | 27668 | Direct |
| Stock Option (right to buy) | $0.91 | 2030-11-17 | Common Stock (9118) | 9118 | Direct |
| Stock Option (right to buy) | $0.92 | 2031-08-20 | Common Stock (53379) | 53379 | Direct |
Footnotes
F1: Represents 80,000 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 March 27, 2025 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: (a) 237,332 shares of unvested restricted stock units: (i) 93,312 RSUs granted on October 13, 2022 and vesting as follows: 46,656 on October 13, 2024 and October 13, 2025, (ii) 64,020 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning July 27, 2024, and (iii) 80,000 RSUs granted on March 27, 2024 and vesting as follows: 20,000 on March 27, 2025 and the remaining 60,000 RSUs will vest quarterly at a rate of 6.25% beginning June 27, 2025.
F3: Represents 100,000 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 May 1, 2024 and remaining will vest in equal quarterly installments beginning on August 1, 2024 through May 1, 2028, subject to the reporting person's continued service to the Issuer.
F4: Includes: (a) 337,332 shares of unvested restricted stock units: (i) 93,312 RSUs granted on October 13, 2022 and vesting as follows: 46,656 on October 13, 2024 and October 13, 2025, (ii) 64,020 RSUs granted on March 27, 2023, which will vest quarterly at a rate of 6.25% beginning July 27, 2024, (iii) 80,000 RSUs granted on March 27, 2024 and vesting as follows: 20,000 on March 27, 2025 and the remaining 60,000 RSUs will vest quarterly at a rate of 6.25% beginning June 27, 2025, and (iv) 100,000 RSUs granted on March 27, 2024 and vesting as follows: 25,000 on May 1, 2024 and the remaining 75,000 RSUs will vest quarterly at a rate of 6.25% beginning August 1, 2024.
F5: This option will vest 25% on May 1, 2024 and the remaining portion of the option vests thereafter in equal monthly installments on the 1st of each month through May 1, 2027 as to 75,000 shares of Common Stock.
F6: This option will vest 25% on May 1, 2024 and the remaining portion of the option vests thereafter in equal monthly installments on the 1st of each month through May 1, 2027 as to 75,000 shares of Common Stock.
F7: This option has vested and is exercisable as of the grant date as to all 58,255 shares of Common Stock.
F8: The option has vested and is exercisable as of the date hereof as to 26,516 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 5th of each month through May 5, 2024 as to 1,152 shares of Common Stock.
F9: The option has vested and is exercisable as of the date hereof as to 7,601 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 1st of each month through November 1, 2024 as to 1,517 shares of Common Stock.
F10: The option has vested and is exercisable as of the date hereof as to 35,587 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 16th of each month through July 16, 2025 as to 17,792 shares of Common Stock.