D-Wave Quantum (NYSE: QBTS) CFO has 8,607 shares withheld for RSU taxes

Rhea-AI Filing Summary

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported a tax-related share disposition. On 2026-07-14, 8,607 shares of common stock were withheld by the company at $18.66 per share to satisfy tax obligations arising from the vesting of restricted stock units. After this non-market transaction, Markovich directly holds 1,123,629 shares of common stock, including 398,997 unvested RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Markovich John M.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $0.0001 per share ("Common Stock")	8,607	$18.66	$161K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 1,123,629 shares (Direct)

Footnotes (1)

1. Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units ("RSUs"). Includes 398,997 unvested RSUs.

Key Figures

Shares withheld for taxes: 8,607 shares Withholding reference price: $18.6600 per share Shares held after transaction: 1,123,629 shares +2 more

5 metrics

Shares withheld for taxes 8,607 shares Common stock withheld on 2026-07-14 to satisfy tax obligations on RSU vesting

Withholding reference price $18.6600 per share Value used for tax-withholding disposition of 8,607 common shares

Shares held after transaction 1,123,629 shares Direct common stock holdings of CFO John M. Markovich following the transaction

Unvested RSUs included 398,997 RSUs Unvested restricted stock units included within the reported post-transaction holdings

Tax-withholding shares per summary 8,607 shares TaxWithholdingShares indicated in transactionSummary for this Form 4

Key Terms

restricted stock units, tax withholding requirements, unvested RSUs

3 terms

restricted stock units financial

"in connection with the vesting of restricted stock units ("RSUs")."

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.

tax withholding requirements financial

"withheld by the Issuer to satisfy tax withholding requirements in connection"

unvested RSUs financial

"Includes 398,997 unvested RSUs."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/15/2026 - 07:18 PM Accepted by SEC EDGAR 07/15/2026 - 07:18 PM Learn about SEC filing dates

FAQ

What insider transaction did D-Wave Quantum (QBTS) report for CFO John M. Markovich?

D-Wave Quantum CFO John M. Markovich reported a tax-withholding disposition of shares. On 2026-07-14, the company withheld shares of common stock to cover tax obligations related to the vesting of his restricted stock units, rather than an open-market sale.

How many D-Wave Quantum (QBTS) shares were withheld for taxes in this Form 4?

The Form 4 shows 8,607 shares of D-Wave Quantum common stock were withheld for taxes. These shares were retained by the issuer at $18.66 per share to satisfy tax withholding requirements tied to the vesting of restricted stock units.

How many D-Wave Quantum (QBTS) shares does the CFO hold after this transaction?

After the tax-withholding transaction, CFO John M. Markovich holds 1,123,629 shares of D-Wave Quantum common stock directly. This figure includes both vested holdings and equity from awards, providing a snapshot of his ongoing equity stake in the company.

How many unvested RSUs does the D-Wave Quantum (QBTS) CFO still have?

The filing notes that the CFO’s holdings include 398,997 unvested restricted stock units (RSUs). These RSUs will convert into common shares as they vest over time, subject to the applicable award terms and continued service conditions.

Was the D-Wave Quantum (QBTS) CFO’s Form 4 transaction an open-market sale?

No. The transaction was a tax-withholding disposition, not an open-market sale. The issuer withheld 8,607 shares of common stock to meet tax requirements on RSU vesting, a common administrative mechanism rather than a discretionary share sale.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Markovich John M.

(Last) (First) (Middle)

2650 EAST BAYSHORE ROAD

(Street)

PALO ALTO CALIFORNIA 94303

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
D-Wave Quantum Inc. [ QBTS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share ("Common Stock")	07/14/2026		F		8,607(1)	D	$18.66	1,123,629(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units ("RSUs").

2. Includes 398,997 unvested RSUs.

Remarks:

	/s/ John M. Markovich	07/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)