D-Wave Quantum (QBTS) CFO sells 328,752 shares after exercising options
Rhea-AI Filing Summary
D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported a combination of option exercises and share sales in the company’s common stock. On May 22, 2026, he exercised stock options covering a total of 328,752 shares at exercise prices of $0.8460 and $0.9200 per share, converting derivative awards into common stock.
That same day, he executed an open-market sale of 328,752 common shares at a weighted average price of $27.7037 per share, with individual trade prices ranging from $27.00 to $28.61. Following these transactions, Markovich directly holds 1,442,820 common shares, which include 447,770 shares underlying unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 328,752 shares ($8.81M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Markovich John M.
Role
Chief Financial Officer
Sold
328,752 shs ($9.11M)
Approx. gross sale proceeds
$9.11M
Approx. exercise cost
$294K
Approx. pre-tax spread
$8.81M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 207,926 | $0.92 | $191K |
| Exercise | Stock Option (right to buy) | 120,826 | $0.846 | $102K |
| Exercise | Common Stock, par value $0.0001 per share ("Common Stock") | 207,926 | $0.92 | $191K |
| Exercise | Common Stock, par value $0.0001 per share ("Common Stock") | 120,826 | $0.846 | $102K |
| Sale | Common Stock, par value $0.0001 per share ("Common Stock") | 328,752 | $27.7037 | $9.11M |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock, par value $0.0001 per share ("Common Stock") — 1,442,820 shares (Direct)
Footnotes (4)
- F1. Includes 447,770 shares of unvested restricted stock units.
- F2. The sales price reported is the weighted average sale price for the number of shares of Common Stock sold. These shares were sold in multiple transactions at prices ranging from $27.00 to $28.61, inclusive. Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.
- F3. Prior to the reported option exercise transaction, this option had fully vested and was exercisable as to 207,926 shares of Common Stock.
- F4. Prior to the reported option exercise transaction, this option had fully vested and was exercisable as to 120,826 shares of Common Stock.
Key Figures
Shares sold: 328,752 shares
Sale price: $27.7037 per share
Option exercise price 1: $0.8460 per share
+4 more
7 metrics
Shares sold
328,752 shares
Open-market sale of common stock on May 22, 2026 at weighted average price
Sale price
$27.7037 per share
Weighted average sale price for 328,752 common shares
Option exercise price 1
$0.8460 per share
Exercise price for 120,826-share stock option exercised into common stock
Option exercise price 2
$0.9200 per share
Exercise price for 207,926-share stock option exercised into common stock
Shares after transactions
1,442,820 shares
Total common shares directly owned by CFO following reported transactions
Unvested RSUs included
447,770 shares
Unvested restricted stock units included in post-transaction ownership
Options exercised
328,752 shares
Total shares underlying options exercised according to transaction summary
Key Terms
restricted stock units, weighted average sale price, Stock Option (right to buy), derivative security
4 terms
restricted stock units financial
"Includes 447,770 shares of unvested restricted stock units."
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.
weighted average sale price financial
"The sales price reported is the weighted average sale price for the number of shares of Common Stock sold."
Stock Option (right to buy) financial
"Stock Option (right to buy)"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did D-Wave Quantum (QBTS) CFO report?
The CFO of D-Wave Quantum reported exercising stock options for 328,752 common shares and selling 328,752 common shares in open-market transactions. These moves converted low-priced options into stock, then into cash, while leaving him with a substantial remaining equity position.
What options did the D-Wave Quantum (QBTS) CFO exercise in this Form 4?
He exercised stock options covering 207,926 shares at an exercise price of $0.9200 and 120,826 shares at $0.8460. Footnotes state both options were fully vested and exercisable for those share amounts before the reported transactions.