QBTS insider plans 98,060‑share sale, market value $2.27M

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS) received a Form 144 notice indicating a proposed sale of up to 98,060 shares of common stock through J.P. Morgan Securities LLC on the NYSE, with an approximate sale date of 11/13/2025 and an aggregate market value of $2,272,482.

The filing lists recent equity acquisition via vesting of 218,750 RSUs on 11/13/2025 for services. It also discloses prior sales in the last three months, including 100,000 shares on 08/12/2025 for $1,800,000 and 50,000 shares on 09/10/2025 for $815,000. Shares outstanding were 346,720,000; this is a baseline figure, not the amount being offered.

Insights

Securities law analyst

Routine Form 144 notice of planned insider sale; neutral impact.

This filing communicates an intended sale under Rule 144: up to 98,060 QBTS common shares may be sold via J.P. Morgan Securities LLC on the NYSE, with an approximate date of 11/13/2025 and an aggregate market value of $2,272,482. Form 144s are disclosure notices, not binding commitments to sell.

The filer also reported recent equity acquisition from vesting of 218,750 RSUs on 11/13/2025 for services, and past 3‑month sales with listed gross proceeds. Actual market impact depends on execution choices and trading conditions; the notice itself does not change fundamentals.

Key data points are the proposed share amount, broker, venue, and disclosed prior transactions. Subsequent filings may provide additional detail on completed sales and volumes if executed.

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	98060	2272482	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)			218750	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
John Markovich C/O D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common	08/12/2025	100000	1800000
John Markovich C/O D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common	09/10/2025	50000	815000
John Markovich C/O D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common	09/11/2025	50000	815000
John Markovich C/O D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common	09/12/2025	50000	875000
John Markovich C/O D-Wave Quantum Inc. 2650 Bayshore Road Palo Alto CA 94303	Common	10/14/2025	7994	349685

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 does QBTS’s Form 144 filing disclose?

A planned sale of up to 98,060 common shares with an aggregate market value of $2,272,482 on or about 11/13/2025.

Which broker and exchange are listed for the proposed QBTS sale?

The filing lists J.P. Morgan Securities LLC as broker and NYSE as the exchange.

What recent share acquisitions are noted for QBTS?

It cites vesting of 218,750 RSUs on 11/13/2025 for services.

What prior QBTS sales in the last 3 months are disclosed?

Examples include 100,000 shares on 08/12/2025 for $1,800,000 and 50,000 shares on 09/10/2025 for $815,000.

How many QBTS shares were outstanding?

Shares outstanding were reported as 346,720,000.

Who is the seller named in the QBTS Form 144?

The seller listed in the past 3 months’ sales section is John Markovich.