D-Wave Quantum (QBTS) awards 9,357 RSUs to director Holt

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

D-Wave Quantum Inc. director Sharon E. Holt received a grant of 9,357 restricted stock units (RSUs), each representing one share of Common Stock. The RSUs will vest on May 31, 2027, subject to her continued service with the company. Following this equity award, Holt directly holds a total of 84,696 shares and RSUs, including 9,357 unvested RSUs. This is a compensation-related, non-cash acquisition rather than an open-market stock purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Holt Sharon E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share ("Common Stock")	9,357	$0.00	--

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 84,696 shares (Direct, null)

Footnotes (1)

Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share of Common Stock of the Issuer, that will vest on May 31, 2027, subject to the reporting person's continued service to the Issuer. Includes 9,357 unvested RSUs.

Key Figures

RSUs granted: 9,357 RSUs Grant price per share: $0.00 per share Vesting date: May 31, 2027 +2 more

5 metrics

RSUs granted 9,357 RSUs Equity award to director Sharon E. Holt

Grant price per share $0.00 per share Stated transaction price for RSU grant

Vesting date May 31, 2027 RSUs vest subject to continued service

Total holdings after grant 84,696 shares/RSUs Direct holdings following the transaction

Unvested RSUs included 9,357 RSUs Portion of holdings that remain unvested

Key Terms

restricted stock units ("RSUs"), Common Stock, vest, continued service, +1 more

5 terms

restricted stock units ("RSUs") financial

"Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

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.

vest financial

"that will vest on May 31, 2027, subject to the reporting person's continued service"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continued service financial

"will vest on May 31, 2027, subject to the reporting person's continued service to the Issuer"

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

06/05/2026 - 05:09 PM

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^*

Holt Sharon E

(Last)

(First)

(Middle)

C/O D-WAVE QUANTUM INC.

2650 E BAYSHORE RD

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.0001 per share ("Common Stock")	06/04/2026		A		9,357⁽¹⁾	A	$0	84,696⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share of Common Stock of the Issuer, that will vest on May 31, 2027, subject to the reporting person's continued service to the Issuer.

2. Includes 9,357 unvested RSUs.

Remarks:

	/s/ Sharon E. Holt	06/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did D-Wave Quantum (QBTS) report for Sharon E. Holt?

D-Wave Quantum reported that director Sharon E. Holt received 9,357 restricted stock units (RSUs). Each RSU represents one share of Common Stock granted as compensation, not purchased on the open market, and increases her direct equity-based holdings in the company.

When do Sharon E. Holt’s new QBTS RSUs vest and what is the condition?

The 9,357 RSUs granted to Sharon E. Holt will vest on May 31, 2027. Vesting is conditioned on her continued service with D-Wave Quantum Inc., meaning she must remain with the company through that date to receive the underlying shares.

How many D-Wave Quantum (QBTS) shares and RSUs does Sharon E. Holt hold after this grant?

After the RSU grant, Sharon E. Holt directly holds a total of 84,696 shares and RSUs of D-Wave Quantum. This total specifically includes 9,357 unvested RSUs that are scheduled to vest on May 31, 2027, subject to continued service conditions.

Was Sharon E. Holt’s latest QBTS transaction a market purchase or a compensation award?

The latest transaction for Sharon E. Holt was a compensation-related equity award, not a market purchase. She received 9,357 RSUs at a stated price of $0.00 per share, reflecting a grant or award acquisition recorded under transaction code “A” on the Form 4.

What does the Form 4 RSU grant mean for D-Wave Quantum (QBTS) shareholders?

The Form 4 shows a routine director compensation grant of 9,357 RSUs to Sharon E. Holt. It indicates equity-based pay aligned with shareholder interests but does not involve any open-market buying or selling activity that would directly signal trading sentiment about D-Wave Quantum’s stock.