D‑Wave (QBTS) Form 144: Director sells 328,752 shares for $9.11M

Rhea-AI Filing Summary

D-Wave Quantum, Inc. submitted a Form 144 reporting securities to be sold related to a prior stock option exercise and several open-market dispositions by an affiliate.

The filing lists a Stock Option Exercise dated 05/21/2025 as the securities-to-be-sold entry and discloses recent sales by John M. Markovich in 2026, including 328,752 shares for $9,107,654 on 05/22/2026 and 50,979 shares for $1,316,787.57 on 06/08/2026.

Insights

Securities Compliance Analyst

Form 144 lists proposed resale tied to a 2025 option exercise and recent open-market dispositions.

The filing records a Stock Option Exercise dated 05/21/2025 under the issuer entry and itemizes specific sales by John M. Markovich in 2026 with share counts and gross proceeds. The listed sales include 328,752 shares for $9,107,654 and 50,979 shares for $1,316,787.57.

These entries are a regulatory notice of proposed or recent resale activity; the filing itself does not provide further conditions on timing or placement methods. Subsequent SEC filings or broker reports would show execution details if available.

Key Figures

Stock option exercise date: 05/21/2025 Sale — 05/22/2026: 328,752 shares Proceeds — 05/22/2026: $9,107,654 +3 more

6 metrics

Stock option exercise date 05/21/2025 Securities To Be Sold entry labeled Stock Option Exercise

Sale — 05/22/2026 328,752 shares Reported sale by John M. Markovich

Proceeds — 05/22/2026 $9,107,654 Gross proceeds linked to 328,752 shares sale

Sale — 06/08/2026 50,979 shares Reported sale by John M. Markovich

Proceeds — 06/08/2026 $1,316,787.57 Gross proceeds linked to 50,979 shares sale

Other reported sale — 03/13/2026 10,706 shares Reported sale by John M. Markovich for $188,724

Key Terms

Form 144, Stock Option Exercise, Securities To Be Sold, Gross proceeds

4 terms

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"Securities To Be Sold | Stock Option Exercise"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

Securities To Be Sold regulatory

"144: Securities To Be Sold | Common Stock"

Gross proceeds financial

"Common Stock | 05/22/2026 | 328752 | 9107654"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

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

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Available on EDGAR 06/12/2026 - 06:34 PM Accepted by SEC EDGAR 06/12/2026 - 06:33 PM Learn about SEC filing dates

FAQ

What does D-Wave's (QBTS) Form 144 disclose about securities to be sold?

It shows a Stock Option Exercise dated 05/21/2025 listed under securities to be sold. The filing identifies the instrument as Common Stock and cites the exercise date as the operative event tied to the offering.

Which recent sales by John M. Markovich are reported in the Form 144 for QBTS?

The filing lists multiple 2026 sales by John M. Markovich, including 328,752 shares for $9,107,654 on 05/22/2026 and 50,979 shares for $1,316,787.57 on 06/08/2026, among other smaller transactions.

Does the Form 144 show proceeds from the reported sales for QBTS?

Yes; each sale row includes gross proceeds. Examples include $9,107,654 tied to 328,752 shares (05/22/2026) and $1,316,787.57 tied to 50,979 shares (06/08/2026) as listed in the filing.

Who is identified as the selling person on the QBTS Form 144?

The selling person named in the disclosure is John M. Markovich, with an address on file at 2650 East Bayshore Road, Palo Alto, CA, and multiple sale dates and amounts reported in 2026.

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 270 Park Avenue, 10th Floor New York NY 10017	246043	5860744	366737601	06/12/2026	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	05/21/2025	Stock Option Exercise	Issuer			246043	05/21/2025	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

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	03/13/2026	10706	188724
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	05/22/2026	328752	9107654
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	06/02/2026	2908	84855.44
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	06/08/2026	50979	1316787.57
John M. Markovich C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	06/09/2026	70	1808

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)