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

Aug 15, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: D-Wave Quantum Inc. (QBTS)
CIK: 0001907982
Period of Report: 2025-08-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-12	Common Stock, par value $0.0001 per share ("Common Stock")	M	100000	$0.92	Acquired	1658753	Direct
2025-08-12	Common Stock, par value $0.0001 per share ("Common Stock")	S	100000	$18	Disposed	1558753	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-08-12	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

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 vested and is exercisable as of the date hereof as to 967,407 shares of Common Stock and the remaining portion of the option vests on August 20, 2025 as to 31,277 shares of Common Stock.

F3: This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.