QBTS Form 144 Filed for 10,000-Share RSU Sale via J.P. Morgan

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS) filed a Form 144 reporting a proposed sale of 10,000 shares of common stock through J.P. Morgan Securities LLC with an approximate aggregate market value of $177,600. The shares represent securities that vested as restricted stock units on June 10, 2025 and were acquired as compensation for services rendered; the planned sale date is September 15, 2025. The filing shows 338,605,149 shares outstanding and notes no securities sold in the past three months by the person for whose account the sale is proposed. The filer certifies they are not aware of undisclosed material adverse information about the issuer.

Positive

• Transaction is fully disclosed through Form 144 with broker and dates provided
• Shares originated from RSU vesting, indicating compensation rather than an outside purchase
• No securities sold in the past three months by the reporting person

Negative

• Proposed insider sale of 10,000 shares could be perceived negatively by some investors despite small size

Insights

Securities Analyst

TL;DR: Routine insider sale of vested RSUs: modest size relative to outstanding shares and disclosed through standard channels.

The Form 144 indicates a non-extraordinary insider transaction: 10,000 shares derived from RSU vesting were acquired on 06/10/2025 and are planned for sale via J.P. Morgan on 09/15/2025 for an aggregate market value of $177,600. Compared with the issuer's reported 338.6 million shares outstanding, the block is immaterial to capitalization, suggesting limited direct market impact. The absence of other sales in the prior three months and the clear representation regarding undisclosed material information are typical compliance practices. Materiality for investors is low, but disclosure is relevant for monitoring insider activity.

Corporate Governance Expert

TL;DR: Properly documented insider sale tied to compensation; filing follows Rule 144 disclosure norms.

The submission documents acquisition by RSU vesting and a planned Rule 144 sale, including broker details and a seller representation. The filing includes the required attestations and shows no recent sales to aggregate, which simplifies compliance review. For governance assessment, this is a routine executive/employee monetization of compensation rather than a signal of acute governance or disclosure issues. Investors should note the filing as standard insider activity rather than a governance red flag.

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	10000	177600	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			10000	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 does the Form 144 for D-Wave Quantum (QBTS) report?

The filing reports a proposed sale of 10,000 common shares via J.P. Morgan with aggregate market value of $177,600, planned for 09/15/2025.

How were the 10,000 QBTS shares acquired?

The shares were acquired on 06/10/2025 through RSU vesting as payment for services rendered.

How many QBTS shares are outstanding according to the filing?

The filing lists 338,605,149 shares outstanding.

Has the filer sold other securities of QBTS in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed sale of QBTS shares?

The sale is to be handled by J.P. Morgan Securities LLC located at 390 Madison Avenue, New York, NY.