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

May 29, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: D-Wave Quantum Inc. (QBTS)
CIK: 0001907982
Period of Report: 2025-05-23

Reporting Person: Nguyen Diane (General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-23	Common Stock, par value $0.0001 per share ("Common Stock")	M	58255	$0.846	Acquired	592919	Direct
2025-05-23	Common Stock, par value $0.0001 per share ("Common Stock")	M	15419	$2.10	Acquired	608338	Direct
2025-05-23	Common Stock, par value $0.0001 per share ("Common Stock")	M	51155	$0.92	Acquired	659493	Direct
2025-05-23	Common Stock, par value $0.0001 per share ("Common Stock")	M	16592	$0.91	Acquired	676085	Direct
2025-05-23	Common Stock, par value $0.0001 per share ("Common Stock")	S	2596	$18.982	Disposed	673489	Direct
2025-05-23	Common Stock, par value $0.0001 per share ("Common Stock")	S	83166	$18.767	Disposed	590323	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-23	Stock Option (right to buy)	$0.846	M	58255	Disposed	2034-01-10	Common Stock, par value $0.0001 per share ("Common Stock") (58255)	Direct
2025-05-23	Stock Option (right to buy)	$2.10	M	15419	Disposed	2034-03-27	Common Stock, par value $0.0001 per share ("Common Stock") (15419)	Direct
2025-05-23	Stock Option (right to buy)	$0.92	M	51155	Disposed	2031-08-20	Common Stock, par value $0.0001 per share ("Common Stock") (51155)	Direct
2025-05-23	Stock Option (right to buy)	$0.91	M	16592	Disposed	2030-05-05	Common Stock, par value $0.0001 per share ("Common Stock") (16592)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$0.91	2030-11-17	Common Stock, par value $0.0001 per share ("Common Stock") (9118)	9118	Direct

Footnotes

F1: Includes 301,057 shares of unvested restricted stock units.

F2: Represents shares of Common Stock sold by the Reporting Person in connection with the exercise of 58,255 stock options.

F3: The sales price reported is the weighted average sale price for the number of shares sold to cover the cashless exercise of stock options. These shares were sold in multiple transactions at prices ranging from $18.94 to $19.065, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

F4: The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $18.72 to $18.8199, inclusive. Full
information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

F5: This option has vested and is exercisable as of the date hereof.

F6: The option has vested and is exercisable as of the date hereof as to 50,000 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 1st of each month through May 1, 2027 as to 50,000 shares of Common Stock.

F7: The option has vested and is exercisable as of the date hereof as to 51,155 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 2,224 shares of Common Stock.