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D-Wave Quantum Inc. — Director's Dealing 2025
May 23, 2025
30690_dirs_2025-05-23_7c305b85-14e8-4d99-a4a2-78da1b38794e.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: 2025-05-21
Reporting Person: Markovich John M. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-21 | Common Stock, par value $0.0001 per share ("Common Stock") | M | 502702 | $0.92 | Acquired | 1977944 | Direct |
| 2025-05-21 | Common Stock, par value $0.0001 per share ("Common Stock") | S | 200000 | $16.85 | Disposed | 1777944 | Direct |
| 2025-05-21 | Common Stock, par value $0.0001 per share ("Common Stock") | S | 200000 | $17.75 | Disposed | 1577944 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-05-21 | Stock Option (right to buy) | $0.92 | M | 502702 | Disposed | 2031-08-20 | Common Stock, par value $0.0001 per share ("Common Stock") (502702) | 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 861,610 shares of unvested restricted stock units.
F2: The sales reported in this Form 4 were effected for financial and tax planning purposes.
F3: 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 $16.70 to $17.00, 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 option has vested and is exercisable as of the date hereof as to 1,407,555 shares of Common Stock and the remaining portion of the option vests in equal monthly installments on the 20th of each month through August 20, 2025 as to 93,831 shares of Common Stock.
F5: This option has vested and is exercisable as of the grant date as to all 120,826 shares of Common Stock.