D-Wave Quantum Inc. — Director's Dealing 2025

Sep 12, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: D-Wave Quantum Inc. (QBTS)
CIK: 0001907982
Period of Report: 2025-09-10

Reporting Person: Markovich John M. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-10	Common Stock, par value $0.0001 per share ("Common Stock")	S	50000	$16.30	Disposed	1549511	Direct
2025-09-11	Common Stock, par value $0.0001 per share ("Common Stock")	M	100000	$0.92	Acquired	1649511	Direct
2025-09-11	Common Stock, par value $0.0001 per share ("Common Stock")	S	50000	$16.30	Disposed	1599511	Direct
2025-09-12	Common Stock, par value $0.0001 per share ("Common Stock")	M	50000	$0.92	Acquired	1649511	Direct
2025-09-12	Common Stock, par value $0.0001 per share ("Common Stock")	S	50000	$17.50	Disposed	1599511	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-11	Stock Option (right to buy)	$0.92	M	100000	Disposed	2031-08-20	Common Stock, par value $0.0001 per share ("Common Stock") (100000)	Direct
2025-09-12	Stock Option (right to buy)	$0.92	M	50000	Disposed	2031-08-20	Common Stock, par value $0.0001 per share ("Common Stock") (50000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$0.846	2034-01-10	Common Stock, par value $0.0001 per share ("Common Stock") (120826)	120826	Direct

Footnotes

F1: Includes 812,837 shares of unvested restricted stock units.

F2: The option has fully vested and is exercisable as of the date hereof as to 857,926 shares of Common Stock.

F3: The option has fully vested and is exercisable as of the date hereof as to 757,926 shares of Common Stock.

F4: This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.