STOCK TITAN

[Form 4] D-Wave Quantum Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

D-Wave Quantum CFO John M. Markovich reported a tax-related share withholding transaction on June 20, 2025. The filing discloses that 10,584 shares of common stock were withheld by the company at a price of $15.71 per share to satisfy tax obligations related to the vesting of restricted stock units.

Following the transaction, Markovich maintains beneficial ownership of 1,567,360 shares, which includes 834,712 unvested restricted stock units. The transaction was executed under transaction code 'F', indicating a payment of exercise price or tax liability using portion of securities received.

This Form 4 filing represents standard tax withholding practices for executive compensation and does not indicate open market trading activity by the insider. The transaction aligns with typical equity compensation administration for corporate officers.

John M. Markovich, CFO di D-Wave Quantum, ha segnalato una transazione di trattenuta azionaria legata alle tasse il 20 giugno 2025. La comunicazione rivela che la società ha trattenuto 10.584 azioni ordinarie al prezzo di 15,71 $ per azione per adempiere agli obblighi fiscali relativi al consolidamento delle unità azionarie vincolate.

Dopo la transazione, Markovich detiene la proprietà effettiva di 1.567.360 azioni, di cui 834.712 unità azionarie vincolate non ancora consolidate. L’operazione è stata eseguita con il codice transazione 'F', che indica il pagamento del prezzo di esercizio o dell’obbligazione fiscale utilizzando una parte dei titoli ricevuti.

Questa comunicazione Form 4 rappresenta una prassi standard di trattenuta fiscale per la retribuzione degli executive e non indica attività di trading sul mercato aperto da parte dell’insider. La transazione è conforme alla normale gestione delle compensazioni azionarie per dirigenti aziendali.

John M. Markovich, CFO de D-Wave Quantum, reportó una transacción de retención de acciones relacionada con impuestos el 20 de junio de 2025. El informe revela que la compañía retuvo 10,584 acciones ordinarias a un precio de $15.71 por acción para cumplir con las obligaciones fiscales vinculadas a la consolidación de unidades restringidas de acciones.

Tras la transacción, Markovich mantiene la propiedad beneficiaria de 1,567,360 acciones, que incluyen 834,712 unidades restringidas de acciones no consolidadas. La transacción se ejecutó bajo el código 'F', lo que indica el pago del precio de ejercicio o la obligación fiscal utilizando una parte de los valores recibidos.

Esta presentación del Formulario 4 representa prácticas estándar de retención fiscal para la compensación ejecutiva y no indica actividad de negociación en el mercado abierto por parte del insider. La transacción está alineada con la administración típica de compensaciones en acciones para ejecutivos corporativos.

D-Wave Quantum의 CFO John M. Markovich는 2025년 6월 20일 세금 관련 주식 원천징수 거래를 보고했습니다. 제출된 자료에 따르면, 제한 주식 단위의 권리 확정과 관련된 세금 의무를 충족하기 위해 회사가 10,584주의 보통주를 주당 $15.71 가격으로 원천징수했습니다.

거래 후 Markovich는 1,567,360주의 실질 소유권을 유지하며, 이 중 834,712주는 아직 권리 확정되지 않은 제한 주식 단위입니다. 거래 코드는 'F'로, 이는 받은 증권 일부를 사용하여 행사 가격 또는 세금 부담을 지불했음을 나타냅니다.

이 Form 4 제출은 경영진 보상에 대한 표준 세금 원천징수 관행을 나타내며, 내부자의 공개 시장 거래 활동을 의미하지 않습니다. 이 거래는 기업 임원에 대한 일반적인 주식 보상 관리와 일치합니다.

John M. Markovich, directeur financier de D-Wave Quantum, a déclaré une opération de retenue d’actions liée à la fiscalité le 20 juin 2025. Le dépôt révèle que 10 584 actions ordinaires ont été retenues par la société au prix de 15,71 $ par action pour satisfaire aux obligations fiscales liées à l’acquisition d’unités d’actions restreintes.

Après cette opération, Markovich conserve la propriété bénéficiaire de 1 567 360 actions, dont 834 712 unités d’actions restreintes non acquises. La transaction a été réalisée sous le code 'F', indiquant un paiement du prix d’exercice ou de l’impôt dû en utilisant une partie des titres reçus.

Ce dépôt au formulaire 4 reflète les pratiques habituelles de retenue fiscale pour la rémunération des cadres et ne signale pas une activité de trading sur le marché ouvert par l’initié. La transaction est conforme à la gestion classique des compensations en actions pour les dirigeants d’entreprise.

John M. Markovich, CFO von D-Wave Quantum, meldete am 20. Juni 2025 eine steuerbedingte Aktienrückbehaltstransaktion. Die Meldung offenbart, dass das Unternehmen 10.584 Stammaktien zum Preis von 15,71 $ pro Aktie einbehalten hat, um steuerliche Verpflichtungen im Zusammenhang mit der Übertragung von Restricted Stock Units zu erfüllen.

Nach der Transaktion hält Markovich wirtschaftliches Eigentum an 1.567.360 Aktien, darunter 834.712 nicht übertragene Restricted Stock Units. Die Transaktion wurde unter dem Transaktionscode 'F' ausgeführt, was auf eine Zahlung des Ausübungspreises oder der Steuerverbindlichkeit unter Verwendung eines Teils der erhaltenen Wertpapiere hinweist.

Diese Form 4-Meldung stellt eine übliche Praxis der Steuerabführung bei Vorstandsvergütungen dar und weist nicht auf einen Handel am offenen Markt durch den Insider hin. Die Transaktion entspricht der typischen Verwaltung von Aktienvergütungen für Unternehmensleiter.

Positive
  • CFO John Markovich maintains substantial holdings of 1,567,360 shares after tax-related share withholding, demonstrating continued alignment with shareholders
Negative
  • None.

John M. Markovich, CFO di D-Wave Quantum, ha segnalato una transazione di trattenuta azionaria legata alle tasse il 20 giugno 2025. La comunicazione rivela che la società ha trattenuto 10.584 azioni ordinarie al prezzo di 15,71 $ per azione per adempiere agli obblighi fiscali relativi al consolidamento delle unità azionarie vincolate.

Dopo la transazione, Markovich detiene la proprietà effettiva di 1.567.360 azioni, di cui 834.712 unità azionarie vincolate non ancora consolidate. L’operazione è stata eseguita con il codice transazione 'F', che indica il pagamento del prezzo di esercizio o dell’obbligazione fiscale utilizzando una parte dei titoli ricevuti.

Questa comunicazione Form 4 rappresenta una prassi standard di trattenuta fiscale per la retribuzione degli executive e non indica attività di trading sul mercato aperto da parte dell’insider. La transazione è conforme alla normale gestione delle compensazioni azionarie per dirigenti aziendali.

John M. Markovich, CFO de D-Wave Quantum, reportó una transacción de retención de acciones relacionada con impuestos el 20 de junio de 2025. El informe revela que la compañía retuvo 10,584 acciones ordinarias a un precio de $15.71 por acción para cumplir con las obligaciones fiscales vinculadas a la consolidación de unidades restringidas de acciones.

Tras la transacción, Markovich mantiene la propiedad beneficiaria de 1,567,360 acciones, que incluyen 834,712 unidades restringidas de acciones no consolidadas. La transacción se ejecutó bajo el código 'F', lo que indica el pago del precio de ejercicio o la obligación fiscal utilizando una parte de los valores recibidos.

Esta presentación del Formulario 4 representa prácticas estándar de retención fiscal para la compensación ejecutiva y no indica actividad de negociación en el mercado abierto por parte del insider. La transacción está alineada con la administración típica de compensaciones en acciones para ejecutivos corporativos.

D-Wave Quantum의 CFO John M. Markovich는 2025년 6월 20일 세금 관련 주식 원천징수 거래를 보고했습니다. 제출된 자료에 따르면, 제한 주식 단위의 권리 확정과 관련된 세금 의무를 충족하기 위해 회사가 10,584주의 보통주를 주당 $15.71 가격으로 원천징수했습니다.

거래 후 Markovich는 1,567,360주의 실질 소유권을 유지하며, 이 중 834,712주는 아직 권리 확정되지 않은 제한 주식 단위입니다. 거래 코드는 'F'로, 이는 받은 증권 일부를 사용하여 행사 가격 또는 세금 부담을 지불했음을 나타냅니다.

이 Form 4 제출은 경영진 보상에 대한 표준 세금 원천징수 관행을 나타내며, 내부자의 공개 시장 거래 활동을 의미하지 않습니다. 이 거래는 기업 임원에 대한 일반적인 주식 보상 관리와 일치합니다.

John M. Markovich, directeur financier de D-Wave Quantum, a déclaré une opération de retenue d’actions liée à la fiscalité le 20 juin 2025. Le dépôt révèle que 10 584 actions ordinaires ont été retenues par la société au prix de 15,71 $ par action pour satisfaire aux obligations fiscales liées à l’acquisition d’unités d’actions restreintes.

Après cette opération, Markovich conserve la propriété bénéficiaire de 1 567 360 actions, dont 834 712 unités d’actions restreintes non acquises. La transaction a été réalisée sous le code 'F', indiquant un paiement du prix d’exercice ou de l’impôt dû en utilisant une partie des titres reçus.

Ce dépôt au formulaire 4 reflète les pratiques habituelles de retenue fiscale pour la rémunération des cadres et ne signale pas une activité de trading sur le marché ouvert par l’initié. La transaction est conforme à la gestion classique des compensations en actions pour les dirigeants d’entreprise.

John M. Markovich, CFO von D-Wave Quantum, meldete am 20. Juni 2025 eine steuerbedingte Aktienrückbehaltstransaktion. Die Meldung offenbart, dass das Unternehmen 10.584 Stammaktien zum Preis von 15,71 $ pro Aktie einbehalten hat, um steuerliche Verpflichtungen im Zusammenhang mit der Übertragung von Restricted Stock Units zu erfüllen.

Nach der Transaktion hält Markovich wirtschaftliches Eigentum an 1.567.360 Aktien, darunter 834.712 nicht übertragene Restricted Stock Units. Die Transaktion wurde unter dem Transaktionscode 'F' ausgeführt, was auf eine Zahlung des Ausübungspreises oder der Steuerverbindlichkeit unter Verwendung eines Teils der erhaltenen Wertpapiere hinweist.

Diese Form 4-Meldung stellt eine übliche Praxis der Steuerabführung bei Vorstandsvergütungen dar und weist nicht auf einen Handel am offenen Markt durch den Insider hin. Die Transaktion entspricht der typischen Verwaltung von Aktienvergütungen für Unternehmensleiter.

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 CA 94303

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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") 06/20/2025 F(1) 10,584 D $15.71 1,567,360(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.
2. Includes 834,712 shares of unvested restricted stock units.
Remarks:
/s/ John M. Markovich 06/23/2025
** 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.

FAQ

How many QBTS shares were withheld for tax purposes from CFO John Markovich in June 2025?

According to the Form 4 filing, 10,584 shares of QBTS common stock were withheld by D-Wave Quantum Inc. on June 20, 2025, to satisfy tax withholding requirements related to the vesting of restricted stock units. These shares were valued at $15.71 per share.

What is the total number of QBTS shares owned by CFO John Markovich after the June 2025 transaction?

Following the reported transaction, CFO John Markovich beneficially owned 1,567,360 shares of QBTS common stock directly. This total includes 834,712 shares of unvested restricted stock units.

What price were QBTS shares valued at for the tax withholding transaction in June 2025?

The shares withheld for tax purposes were valued at $15.71 per share, as reported in the Form 4 filing dated June 28, 2025.

How many unvested restricted stock units (RSUs) does QBTS CFO John Markovich hold?

According to the Form 4 filing, John Markovich holds 834,712 unvested restricted stock units (RSUs) of QBTS stock, which are included in his total beneficial ownership of 1,567,360 shares.

What is John Markovich's role at QBTS and where is he based?

John M. Markovich serves as the Chief Financial Officer of D-Wave Quantum Inc. (QBTS) and is based at 2650 East Bayshore Road, Palo Alto, CA 94303, according to the Form 4 filing.
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