QBTS insider Form 144 filed for 168,102 common shares

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS) filed a Form 144 notice for a proposed sale of 168,102 shares of common stock, reflecting an aggregate market value of $3,895,664. The seller plans to sell on or about 11/13/2025 through J.P. Morgan Securities LLC on the NYSE.

The filing lists 346,720,000 shares outstanding as context. It also notes an acquisition of 375,000 shares on 11/13/2025 via vesting of restricted stock units for services rendered. Over the past three months, the person for whose account the securities are to be sold completed a sale of 31,369 shares on 10/14/2025 for $1,372,186 in gross proceeds.

Insights

Securities law analyst

Routine Form 144 notice to sell 168,102 QBTS shares; neutral impact.

D-Wave Quantum disclosed a Form 144 covering a proposed sale of 168,102 common shares with an $3,895,664 aggregate market value, planned around 11/13/2025. The broker is J.P. Morgan Securities LLC, and the venue is the NYSE.

The notice references 346,720,000 shares outstanding for context. It also records acquisition via RSU vesting of 375,000 shares on 11/13/2025 and a prior sale of 31,369 shares for $1,372,186 on 10/14/2025. Actual sales depend on the seller’s execution within Rule 144 parameters.

Given the administrative nature of a Form 144, and absent broader financial data or guidance changes in this excerpt, the filing is best viewed as informational rather than thesis-changing.

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 Ave 10th Floor New York NY 10017	168102	3895664	346720000	11/13/2025	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	11/13/2025	Vesting of Restricted Stock Units	D-Wave Quantum Inc. (Issuer)			375000	11/13/2025	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
Alan Baratz C/O D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common	10/14/2025	31369	1372186

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 did D-Wave Quantum (QBTS) disclose in the Form 144?

A proposed sale of 168,102 common shares with an aggregate market value of $3,895,664, planned around 11/13/2025 on the NYSE.

Which broker is listed for the QBTS Form 144 sale?

The filing names J.P. Morgan Securities LLC as the broker.

How many QBTS shares are outstanding according to the notice?

The filing lists 346,720,000 shares outstanding.

Were there recent sales by the same seller in the past three months?

Yes. A sale of 31,369 shares occurred on 10/14/2025 for $1,372,186 in gross proceeds.

What is the source of the QBTS shares being sold?

The filing notes acquisition via vesting of restricted stock units on 11/13/2025 for 375,000 shares, for services rendered.

On which exchange will the QBTS shares be sold?

The filing lists the NYSE.