QBTS Form 144: Insider sale via J.P. Morgan on NYSE

Rhea-AI Filing Summary

D‑Wave Quantum, Inc. (QBTS) filed a Form 144 notice indicating that Alan E. Baratz intends to sell up to 1,600,000 shares of common stock, with an aggregate market value of $46,992,000. The planned sales list J.P. Morgan Securities LLC as broker, to be executed on the NYSE, with an approximate sale date of 11/11/2025.

The shares were acquired via a stock option exercise on 11/11/2025 for cash. As context, 346,718,581 shares were outstanding. Over the prior three months, the seller reported a transaction of 31,369 shares on 10/14/2025 for $1,372,187 in gross proceeds.

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	1600000	46992000	346718581	11/11/2025	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	11/11/2025	Stock Option Exercise	Issuer			1600000	11/11/2025	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
Alan E. Baratz C/o D-Wave Quantum, Inc. 2650 East Bayshore Road Palo Alto CA 94303	Common Stock	10/14/2025	31369	1372187

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 did D‑Wave Quantum (QBTS) disclose in this Form 144?

A planned sale by Alan E. Baratz of up to 1,600,000 shares of common stock with an aggregate market value of $46,992,000.

When is the planned sale for QBTS shares?

The approximate sale date listed is 11/11/2025.

Which broker and exchange are listed for the QBTS Form 144 sale?

J.P. Morgan Securities LLC is the broker; sales are to occur on the NYSE.

How were the shares to be sold acquired?

Through a stock option exercise on 11/11/2025, with payment in cash.

How many QBTS shares were outstanding as context?

346,718,581 shares were outstanding.

Were there recent sales by the same seller before this notice?

Yes. On 10/14/2025, 31,369 shares were sold for $1,372,187 in gross proceeds.

Who is the selling person named in the QBTS Form 144?

Alan E. Baratz is listed as the person for whose account the securities are to be sold.