[144/A] D-Wave Quantum Inc. SEC Filing

Rhea-AI Filing Summary

D-Wave Quantum Inc. filed a Form 144/A reporting a proposed sale of 300,000 shares of common stock to be sold on 08/12/2025 on the NYSE through J.P. Morgan Securities LLC, with an aggregate market value of $5,700,000 and 338,610,000 shares outstanding.

The filing shows the 300,000 shares were acquired on 08/12/2025 via a stock option exercise from D-Wave and the payment method is listed as cash with a payment date of 08/13/2025. The document also records a prior sale of 400,000 shares on 05/21/2025 that generated $6,920,000. The provided content omits top-level filer identification details in the header fields.

Insights

Securities Analyst

TL;DR: Routine Form 144/A insider sale notice; specific numbers disclosed, limited market impact based on disclosed facts.

The filing documents a proposed sale of 300,000 common shares valued at $5.7 million, to be executed through J.P. Morgan on the NYSE. Acquisition and payment dates and the nature of acquisition (stock option exercise) are explicitly stated, improving transparency. There is also a disclosed prior sale of 400,000 shares on 05/21/2025 for $6.92 million. Based solely on the facts presented, this is a standard Rule 144 disclosure without additional operational or financial data to suggest broader company-level impact.

Corporate Governance Expert

TL;DR: Clear insider sale disclosure and signature attestation are present; governance compliance appears procedural and routine.

The form includes the required representations regarding absence of undisclosed material adverse information and shows execution through a recognized broker, J.P. Morgan Securities LLC. The filing records acquisition by stock option exercise and a cash payment date, plus a recent prior sale by an identified seller in the past three months. The document lacks top-level filer identification fields in the provided copy, which should be complete in the official submission.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 575 Washington Blvd Floor 9 Jersey City NJ 07310-1616	300000	5700000.00	338610000	08/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	08/12/2025	Stock Option Exercise	D-Wave Quantum Inc. (Issuer)			300000	08/13/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
John Markovich c/o D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common Stock	05/21/2025	400000	6920000.00

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does D-Wave's (QBTS) Form 144/A report?

The filing reports a proposed sale of 300,000 common shares to be sold on 08/12/2025 on the NYSE through J.P. Morgan Securities LLC, with an aggregate market value of $5,700,000.

How were the 300,000 shares acquired according to the filing?

The shares were acquired on 08/12/2025 via a stock option exercise from D-Wave Inc., with payment listed as cash and a payment date of 08/13/2025.

Does the filing show any recent sales by the same person?

The document lists a prior sale in the past three months: John Markovich (c/o D-Wave Quantum Inc.) sold 400,000 shares on 05/21/2025 for $6,920,000.

Which broker and exchange are involved in the proposed sale?

The proposed sale is through J.P. Morgan Securities LLC and the securities are listed for sale on the NYSE.

Are all filer identification fields present in the provided content?

No. The provided copy shows top-level filer identification fields (CIK, CCC, submission contact) without populated values.