D-Wave (QBTS) Rule 144 notice reports 328,752-share resale by holder

Rhea-AI Filing Summary

D-Wave Quantum filed a Rule 144 notice reporting resale activity by an issuer-side holder. The filing lists an earlier 05/21/2025 stock option exercise for 2,908 shares and records securities sold in the past three months: 10,706 shares on 03/13/2026 and 328,752 shares on 05/22/2026. The filing identifies John M. Markovich as the reported holder for the recent sales.

Insights

Securities Compliance Counsel

Rule 144 notice documents recent issuer-side exercise and subsequent resale transactions.

The filing lists a stock option exercise on 05/21/2025 for 2,908 shares and two resale entries showing 10,706 shares sold on 03/13/2026 and 328,752 shares sold on 05/22/2026. These items are typical disclosures under resale notification requirements.

Timing and recipient details beyond the named holder are not provided in the excerpt; subsequent securities law filings may show settlement or broker arrangements if required.

Key Figures

Option exercise: 2,908 shares Sale 1: 10,706 shares Sale 2: 328,752 shares

3 metrics

Option exercise 2,908 shares Stock option exercise on <date>05/21/2025</date>

Sale 1 10,706 shares Securities sold on <date>03/13/2026</date>

Sale 2 328,752 shares Securities sold on <date>05/22/2026</date>

Key Terms

Rule 144, Stock Option Exercise, Issuer

3 terms

Rule 144 regulatory

"144: Securities Sold During The Past 3 Months"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Stock Option Exercise financial

"Common Stock | 05/21/2025 | Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Issuer regulatory

"05/21/2025 | Stock Option Exercise | Issuer"

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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

144: Filer Information

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

144: 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: 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 270 Park Avenue, 10th Floor New York NY 10017	2908	84855.44	366737601	06/02/2026	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: 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	05/21/2025	Stock Option Exercise	Issuer			2908	05/21/2025	Services Rendered

* 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: 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 M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	03/13/2026	10706	188724
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	05/22/2026	328752	9107654

144: 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 the D-Wave (QBTS) Form 144 report?

The Form 144 reports resale-related activity under Rule 144. It lists a 2,908-share option exercise on 05/21/2025 and sales of 10,706 shares on 03/13/2026 and 328,752 shares on 05/22/2026.

Who is named as the holder in the QBTS Form 144?

The filing names John M. Markovich as the reported holder for the recent sales. His address is provided in the notice but the filing excerpt does not state economic terms or recipients of sale proceeds.

Does the Form 144 show when the securities were issued or acquired?

Yes. The excerpt records a stock option exercise dated 05/21/2025 for 2,908 shares, indicating the acquisition method and date for that tranche listed in the notice.

Are the sales in the filing large relative to outstanding shares?

The excerpt provides sale quantities (10,706 and 328,752 shares) but does not include total shares outstanding. The filing does not provide an outstanding-share figure in the provided excerpt for ratio comparison.