D-Wave (QBTS) Form 144 Filing Shows RSU Sale of 16,000 Shares

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS) filed a Form 144 reporting a proposed sale of 16,000 shares of common stock through J.P. Morgan Securities LLC on 09/15/2025. The filing lists an aggregate market value of $284,160 and states 338,605,149 shares outstanding. The shares were acquired on 06/10/2025 by RSU vesting from the issuer and were issued for services rendered, with payment dated 06/10/2025. The filer reports no securities sold in the past three months. Several identifying fields for the filer and issuer (names, CIK, contact details) are not present in the provided text.

Positive

• Source of shares disclosed as RSU vesting with acquisition and payment dates (06/10/2025)
• No sales in the prior three months, simplifying aggregation under Rule 144
• Broker identified as J.P. Morgan Securities LLC and sale date provided (09/15/2025)

Negative

• Filer identifying information is not present in the provided text (no CIK/name/contact details)
• Issuer identifying details are missing (issuer name, SEC file number, address, phone not provided in excerpt)

Insights

Financial Analyst

TL;DR: A routine insider sale of 16,000 RSU shares; small relative to outstanding shares and disclosed as required.

The Form 144 documents a planned sale of 16,000 common shares tied to RSU vesting, with an aggregate market value of $284,160 and scheduled execution on 09/15/2025 through J.P. Morgan Securities. The filing explicitly states no sales in the prior three months, which suggests this is an isolated disposition event rather than ongoing churn. Given the stated outstanding share count of 338,605,149, the transaction represents a very small fraction of the equity base. The filing lacks some administrative identifiers (filer CIK/contacts, issuer name/address) in the provided excerpt, which limits verification and cross-referencing.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 structure but document excerpt omits key identifying details needed for full governance review.

The submission documents the source of the shares as RSU vesting and affirms the seller's representation about lack of undisclosed material adverse information. This aligns with typical insider disclosure practice under Rule 144. However, the provided content omits explicit filer identity and issuer contact details, which are important for board-level transparency and for stakeholders to confirm the insider relationship and compliance with any company trading policies. The absence of prior three-month sales simplifies aggregation analysis but reduces context for evaluating insider selling patterns.

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 390 Madison Avenue - 6th Floor New York NY 10017	16000	284160	338605149	09/15/2025	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	06/10/2025	RSU Vesting	Issuer			16000	06/10/2025	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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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 securities does the Form 144 for QBTS report?

The filing reports a proposed sale of 16,000 common shares of D-Wave Quantum Inc. (QBTS).

When is the proposed sale scheduled and through which broker?

The sale is scheduled for 09/15/2025 through J.P. Morgan Securities LLC.

How were the 16,000 shares acquired?

The shares were acquired on 06/10/2025 by RSU vesting from the issuer, with payment noted as for services rendered.

What is the aggregate market value and outstanding share count stated?

Aggregate market value is listed as $284,160 and number of shares outstanding is 338,605,149.

Were there any securities sold in the past three months by this person?

The filing states Nothing to Report for securities sold during the past three months.

Does the provided Form 144 include filer and issuer contact details?

No. The provided excerpt does not include filer name, CIK, or issuer contact details in the visible fields.