D-Wave CFO Retains 1.5M Shares After Tax-Related Stock Transaction

D-Wave Quantum CFO John M. Markovich reported a tax-related share withholding transaction on June 20, 2025.

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.

Positive

• CFO John Markovich maintains substantial holdings of 1,567,360 shares after tax-related share withholding, demonstrating continued alignment with shareholders

Negative

• None.

Insider Trade Summary

Exercise Price or Tax Liability: 10,584 shares

Exercise Price or Tax Liability 1 txn

Insider Markovich John M.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $0.0001 per share ("Common Stock")	10,584	$15.71	$166K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 1,567,360 shares (Direct)

Footnotes (2)

1. F1. Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
2. F2. Includes 834,712 shares of unvested restricted stock units.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

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

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Accepted by SEC EDGAR 06/23/2025 - 08:16 PM Learn about SEC filing dates

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.