D-Wave Quantum insider plans sale of 500,000 QBTS shares under Rule 144

D-Wave Quantum, Inc. (QBTS) is the issuer in a Form 144 notice covering a planned sale of 500,000 shares of its common stock on the NYSE through J.P.

Rhea-AI Filing Summary

D-Wave Quantum, Inc. (QBTS) is the issuer in a Form 144 notice covering a planned sale of 500,000 shares of its common stock on the NYSE through J.P. Morgan Securities LLC. The shares have an stated aggregate market value of $11,720,000 and are part of 346,718,581 shares outstanding as listed in the filing.

The securities to be sold were acquired on 11/20/2025 via a stock option exercise from the issuer, paid in cash on the same date. The person filing, John M. Markovich, also reported several sales of D-Wave Quantum common stock during the prior three months, including a sale of 98,060 shares on 11/13/2025 for gross proceeds of $2,272,482.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the QBTS Form 144 filing disclose?

The notice discloses a planned sale of 500,000 shares of D-Wave Quantum, Inc. common stock on the NYSE through J.P. Morgan Securities LLC under Rule 144.

What is the aggregate market value of the QBTS shares to be sold?

The Form 144 lists an aggregate market value of $11,720,000 for the 500,000 D-Wave Quantum (QBTS) common shares to be sold.

How many D-Wave Quantum (QBTS) shares are outstanding as referenced in the filing?

The filing states that 346,718,581 shares of D-Wave Quantum, Inc. common stock are outstanding.

How were the QBTS shares being sold under Form 144 acquired?

The 500,000 D-Wave Quantum common shares were acquired on 11/20/2025 via a stock option exercise from the issuer, with payment made in cash on that date.

Which broker will handle the planned sale of QBTS shares?

The planned Form 144 sale of D-Wave Quantum (QBTS) shares will be handled by J.P. Morgan Securities LLC, with the shares listed for sale on the NYSE.

What prior QBTS share sales are reported in the past 3 months?

The filer, John M. Markovich, reports several sales of D-Wave Quantum common stock in the last three months, including 98,060 shares on 11/13/2025 for gross proceeds of $2,272,482.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/20/2025 - 04:13 PM EST Learn about SEC filing dates

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	0001453942
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	D-Wave Quantum, Inc.
SEC File Number	001-41468
Address of Issuer	2650 East Bayshore Road Palo Alto CALIFORNIA 94303
Phone	604-630-1428
Name of Person for Whose Account the Securities are To Be Sold	John M. Markovich
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	Officer

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	500000	11720000	346718581	11/20/2025	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: 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	11/20/2025	Stock Option Exercise	Issuer			500000	11/20/2025	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: 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	09/10/2025	50000	815000
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	09/11/2025	50000	815000
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	09/12/2025	50000	875000
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	10/14/2025	7994	349685
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	11/13/2025	98060	2272482

144: Remarks and Signature

Remarks	The shares covered by this filing are stock options that will be exercised within three months from the date of this filing.
Date of Notice	11/20/2025
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/21/2025
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	/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for John M. Markovich
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)