D-Wave executive reports 136,348 unvested RSUs
D-Wave Quantum Inc. executive vice president and chief information security officer Stanley T. Black filed an initial Form 3 reporting his equity awards.
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Form Type
3
Rhea-AI Filing Summary
D-Wave Quantum Inc. executive vice president and chief information security officer Stanley T. Black filed an initial Form 3 reporting his equity awards. He holds 136,348 unvested restricted stock units (RSUs), each representing the right to receive one share of common stock, all held directly.
According to the vesting schedule, 18,481 RSUs are scheduled to vest on October 30, 2026. A further 55,441 RSUs will vest in equal quarterly installments from January 30, 2027 through October 30, 2029, and 62,426 RSUs will vest in equal quarterly installments from June 9, 2026 through March 9, 2030, subject to his continued service.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BLACK STANLEY T
Role
Exec. Vice President & CISO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share ("Common Stock") — 136,348 shares (Direct)
Footnotes (1)
- F1. Represents 136,348 unvested restricted stock units ("RSUs"), each RSU representing the right to receive one share of Common Stock of the Issuer. Subject to the Reporting Person's continued service to the Issuer, (i) 18,481 of such RSUs will vest on October 30, 2026, (ii) 55,441 of such RSUs will vest in equal quarterly installments from January 30, 2027 through October 30, 2029, and (iii) 62,426 of such RSUs will vest in equal quarterly installments from June 9, 2026 through March 9, 2030.
Key Figures
Unvested RSUs reported: 136,348 RSUs
Single-date vesting tranche: 18,481 RSUs
Quarterly vesting tranche: 55,441 RSUs
+1 more
4 metrics
Unvested RSUs reported
136,348 RSUs
Total unvested restricted stock units held directly as reported on Form 3
Single-date vesting tranche
18,481 RSUs
Scheduled to vest on October 30, 2026, subject to continued service
Quarterly vesting tranche
55,441 RSUs
To vest in equal quarterly installments from January 30, 2027 through October 30, 2029
Second quarterly vesting tranche
62,426 RSUs
To vest in equal quarterly installments from June 9, 2026 through March 9, 2030
Key Terms
restricted stock units, RSUs, Common Stock, par value
4 terms
restricted stock units financial
"Represents 136,348 unvested restricted stock units ("RSUs"), each RSU representing the right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Represents 136,348 unvested restricted stock units ("RSUs"), each RSU representing the right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Common Stock financial
"each RSU representing the right to receive one share of Common Stock of the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
par value financial
"Common Stock, par value $0.0001 per share ("Common Stock")"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by QBTS executive Stanley T. Black show?
The Form 3 shows Stanley T. Black’s initial reported holdings in D-Wave Quantum Inc., consisting of 136,348 unvested RSUs. Each RSU represents the right to receive one share of common stock, subject to a multi-year service-based vesting schedule.
How many D-Wave Quantum (QBTS) RSUs does Stanley T. Black hold?
Stanley T. Black holds 136,348 unvested restricted stock units in D-Wave Quantum Inc. These RSUs convert into common shares as they vest over time, assuming he continues serving the company through the specified vesting dates.
When do Stanley T. Black’s QBTS RSUs vest under this Form 3?
His RSUs vest in stages: 18,481 on October 30, 2026, 55,441 in equal quarterly installments from January 30, 2027 to October 30, 2029, and 62,426 in equal quarterly installments from June 9, 2026 to March 9, 2030.
Are the RSUs in the QBTS Form 3 already common stock?
The RSUs are not yet common stock; they are rights to receive shares in the future. Each unit converts into one share of common stock only as it vests, conditioned on Stanley T. Black’s continued service with D-Wave Quantum Inc.
Does the QBTS Form 3 show any stock purchases or sales by Stanley T. Black?
This Form 3 does not report any stock purchases or sales. It discloses his initial beneficial ownership in the form of 136,348 unvested restricted stock units, together with the detailed vesting schedule tied to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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