D Wave Quantum SEC Filings

D-Wave Quantum Inc. (QBTS) reported an insider transaction by its Chief Financial Officer. On 10/14/2025, the CFO sold 7,994 shares of Common Stock at a weighted average price of $43.7434, with trades executed between $43.65 and $44.06. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade.

Following the transaction, the officer beneficially owns 1,580,934 shares, which includes 764,065 unvested RSUs. Ownership is reported as direct.

D‑Wave Quantum (QBTS) insider transaction: President & CEO and Director Alan Baratz reported a sale of 31,369 shares of Common Stock on 10/14/2025 at a weighted average price of $43.7434. The filing states this was a mandated “sell to cover” to satisfy statutory tax withholding upon RSU vesting, not a discretionary trade. Following the transaction, he beneficially owned 2,801,265 shares, which includes 1,110,087 unvested RSUs. The reported sales occurred across prices ranging from $43.65 to $44.06.

D‑Wave Quantum (QBTS) announced an agreement with Swiss Quantum Technology SA to deploy an Advantage2 annealing quantum computer in Europe. The agreement represents a €10M quantum computing‑as‑a‑service commitment over approximately five years, with an option for SQT to purchase the system.

The Advantage2 system, featuring a 4,400+ qubit processor, will be accessible to customers via D‑Wave’s Leap real‑time quantum cloud service. The placement supports Italy’s newly formed Q‑Alliance initiative aimed at advancing national digital transformation. Company leadership highlighted the system’s capability to tackle complex problems and its energy‑efficient design. The disclosure was furnished under Regulation FD, and a press release is included as Exhibit 99.1.

D-Wave Quantum Inc. (QBTS) reported under Regulation FD that it was named a winner in Fast Company’s 2025 Next Big Things in Tech awards. The recognition, in the Computing, Chips and Foundational Technology category, highlights D-Wave’s 4400+ qubit Advantage2 annealing quantum computer.

Launched in May 2025, Advantage2 is being used by customers for optimization, materials simulation, and AI. The system features a Zephyr topology with 20-way connectivity designed for production deployment. The announcement was furnished, not filed, under Item 7.01.

D-Wave Quantum Inc. (QBTS) furnished an Item 7.01 update announcing it is a founding participant in Q-Alliance, described as “The Birth of the World’s Most Powerful Quantum Hub,” following a Memorandum of Understanding signed in Como, Italy. The initiative is tied to Italy’s digital and quantum strategy and aims to accelerate scientific discovery, industrial transformation, and digital sovereignty.

D-Wave highlights its production-grade annealing quantum computing as a core component to support application development and adoption. A related press release was included as Exhibit 99.1. The information was furnished, not filed, under the Exchange Act.

The Vanguard Group filed an amended Schedule 13G reporting passive ownership of common stock of D-Wave Quantum Inc. Vanguard states it beneficially owns 38,454,869 shares, representing 11.35% of the outstanding class, with 0 shares of sole voting power and 2,252,541 shares of shared voting power. Vanguard reports 35,864,890 shares of sole dispositive power and 2,589,979 shares of shared dispositive power, and certifies the holdings are in the ordinary course of business and not for the purpose of changing control. The filing is signed by Ashley Grim on 10/06/2025.

D-Wave Quantum Inc. (QBTS) director Rohit Ghai sold 10,000 shares of common stock on 09/15/2025 under a pre-established Rule 10b5-1 trading plan. The weighted-average sale price reported was $17.932, with individual trades ranging from $17.30 to $18.57. After the dispositions, Ghai beneficially owned 47,778 shares, which include 14,260 unvested restricted stock units. The sale was reported on Form 4 and executed automatically pursuant to a trading plan adopted on June 13, 2025.

D-Wave Quantum Inc. (QBTS) director John D. DiLullo reported the automatic sale of 8,000 shares of common stock on 09/15/2025 under a Rule 10b5-1 trading plan. The disclosed weighted-average sales price was $17.929, with individual trades ranging from $17.30 to $18.55. After the sale, the reporting person beneficially owned 36,295 shares, which the filing notes includes 14,260 unvested restricted stock units. The Form 4 was signed by Diane Nguyen as attorney-in-fact on 09/17/2025 and indicates the transaction was executed pursuant to a pre-established trading plan adopted on 06/15/2025.