[144] D-Wave Quantum Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed relating to D-Wave Quantum Inc. (QBTS) proposes the sale of 3,000,000 shares of Class A common stock through J.P. Morgan Securities LLC with an aggregate market value of $5,700,000 and an approximate sale date of 08/12/2025 on the NYSE. The filing also records an acquisition entry showing 300,000 shares acquired via a stock option exercise from D-Wave on 08/12/2025 with payment in cash on 08/13/2025, and a prior sale of 400,000 shares by John Markovich on 05/21/2025 for gross proceeds of $6,920,000. Several standard identifying fields (Filer CIK, issuer name, SEC file number, issuer address) are blank or not provided in the submitted text.

Insights

Securities Analyst

TL;DR: A Form 144 lists a proposed sale of 3,000,000 QBTS Class A shares (aggregate value $5.7M) for 08/12/2025; prior insider sale of 400,000 noted.

The filing explicitly shows a brokered proposed sale through J.P. Morgan Securities LLC of 3,000,000 Class A shares on the NYSE with an aggregate market value of $5,700,000 and an approximate date of sale of 08/12/2025. It also documents an acquisition by stock option exercise of 300,000 shares on 08/12/2025 (payment in cash 08/13/2025) and a prior sale by John Markovich of 400,000 shares on 05/21/2025 for $6,920,000. Several issuer and filer identifier fields are missing in the provided text.

Corporate Governance Expert

TL;DR: Disclosure indicates insider-related sales activity and option exercise; filing lacks complete issuer/filer identifiers in the provided excerpt.

The document records proposed public resale activity and a contemporaneous option exercise. It names J.P. Morgan Securities LLC as the broker and lists John Markovich as a seller in a recent transaction. The record also contains explicit statements about signer representation concerning material adverse information. The excerpt, however, omits several administrative identifiers that would normally clarify the filer and issuer details.

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
Class A Common Stock	J.P. Morgan Securities LLC 575 Washington Blvd Floor 9 Jersey City NJ 07310-1616	3000000	5700000	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: 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	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: 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

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 Form 144 filed for D-Wave Quantum (QBTS) report?

The filing proposes the sale of 3,000,000 Class A common shares via J.P. Morgan Securities LLC with an aggregate market value of $5,700,000 and an approximate sale date of 08/12/2025 on the NYSE.

Who is listed as having sold shares in the past three months in this filing?

John Markovich is listed as selling 400,000 common shares on 05/21/2025 for gross proceeds of $6,920,000.

Does the filing show any recent acquisitions of the securities to be sold?

Yes. The filing shows 300,000 shares acquired by stock option exercise from D-Wave on 08/12/2025 with payment recorded as cash on 08/13/2025.

Which broker is handling the proposed sale listed in the Form 144?

The proposed sale is listed with J.P. Morgan Securities LLC, address 575 Washington Blvd Floor 9 Jersey City NJ 07310-1616.

Are all issuer and filer identifiers included in the provided filing text?

No. Several fields such as Filer CIK, issuer name, SEC file number, and issuer address are blank or not provided in the submitted excerpt.