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

May 23, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: D-Wave Quantum Inc. (QBTS)
CIK: 0001907982
Period of Report: 2025-05-20

Reporting Person: BARATZ ALAN E (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-20	Common Stock, par value $0.0001 per share ("Common Stock")	F	19023	$13.15	Disposed	2866412	Direct
2025-05-21	Common Stock, par value $0.0001 per share ("Common Stock")	M	845813	$0.91	Acquired	3712225	Direct
2025-05-21	Common Stock, par value $0.0001 per share ("Common Stock")	S	845813	$17	Disposed	2866412	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-21	Stock Option (right to buy)	$0.91	M	845813	Disposed	2030-05-05	Common Stock, par value $0.0001 per share ("Common Stock") (845813)	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") (213232)	213232	Direct

Footnotes

F1: Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.

F2: Includes 1,281,773 shares of unvested restricted stock units.

F3: The sales reported in this Form 4 were effected for financial and tax planning purposes.

F4: This option has vested and is exercisable as of the date hereof.