D-Wave Quantum (QBTS) CFO sells 51,049 shares, retains 1.39M-share stake

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported open-market sales of company stock. On June 8, 2026, he sold 50,979 shares of common stock at a weighted average price of $26.24 per share. On June 9, 2026, he sold an additional 70 shares at a weighted average price of $26.54 per share.

After these transactions, Markovich directly holds 1,388,863 shares of D-Wave Quantum common stock, which the filing states includes 420,872 shares of unvested restricted stock units. The prices for the June 9 sale reflect multiple trades between $26.00 and $26.72 per share.

Insights

CFO executed a net sale of 51,049 shares while retaining a large position.

The filing shows Chief Financial Officer John M. Markovich completed two open-market sales totaling 51,049 shares of D-Wave Quantum Inc. common stock at weighted average prices of $26.24 and $26.54 per share. Both transactions are reported as straightforward open-market sales with no derivative exercises.

Following these sales, Markovich directly holds 1,388,863 shares, including 420,872 unvested restricted stock units. This indicates that, despite the net-sell activity, he maintains a substantial continuing equity stake. The filing does not reference any Rule 10b5-1 trading plan, so the timing context is not further described.

Insider Trade Summary

Net Seller: 51,049 shares ($1,339,547)

Net Sell 2 txns

Insider Markovich John M.

Role Chief Financial Officer

Sold 51,049 shs ($1.34M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.0001 per share ("Common Stock")	70	$26.54	$2K
Sale	Common Stock, par value $0.0001 per share ("Common Stock")	50,979	$26.24	$1.34M

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 1,388,863 shares (Direct, null)

Footnotes (1)

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 $26.00 to $26.72, 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. Includes 420,872 shares of unvested restricted stock units.

Key Figures

Shares sold total: 51,049 shares June 8 sale: 50,979 shares at $26.24/share June 9 sale: 70 shares at $26.54/share +3 more

6 metrics

Shares sold total 51,049 shares Combined June 8–9, 2026 open-market sales

June 8 sale 50,979 shares at $26.24/share Open-market sale on June 8, 2026

June 9 sale 70 shares at $26.54/share Open-market sale on June 9, 2026

Shares held after transactions 1,388,863 shares Direct ownership following June 9, 2026 sale

Unvested RSUs included 420,872 shares Unvested restricted stock units within reported holdings

Price range June 9 trades $26.00–$26.72/share Multiple trades underlying $26.54 weighted average

Key Terms

weighted average sale price, restricted stock units, open-market sale, Form 4

4 terms

weighted average sale price financial

"The sales price reported is the weighted average sale price for the number of shares of Common Stock sold."

restricted stock units financial

"Includes 420,872 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.

open-market sale financial

"transaction_action: "open-market sale" for each common stock transaction."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 regulatory

"INSIDER FILING DATA (Form 4): structured report of insider transactions."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 04:07 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^*

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)
06/08/2026

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")	06/08/2026		S		50,979	D	$26.24⁽¹⁾	1,388,933⁽²⁾	D
Common Stock, par value $0.0001 per share ("Common Stock")	06/09/2026		S		70	D	$26.54	1,388,863⁽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. 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 $26.00 to $26.72, 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.

2. Includes 420,872 shares of unvested restricted stock units.

Remarks:

	/s/ John M. Markovich	06/10/2026
	** 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 transactions did D-Wave Quantum (QBTS) report for its CFO?

D-Wave Quantum’s CFO, John M. Markovich, reported two open-market sales totaling 51,049 common shares. He sold 50,979 shares on June 8, 2026 at $26.24 and 70 shares on June 9, 2026 at $26.54, according to the Form 4 filing.

At what prices did the D-Wave Quantum (QBTS) CFO sell his shares?

The CFO reported weighted average sale prices of $26.24 per share on June 8, 2026 and $26.54 per share on June 9, 2026. The filing notes June 9 trades occurred between $26.00 and $26.72 per share across multiple transactions.

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

After completing the reported sales, the CFO directly holds 1,388,863 shares of D-Wave Quantum common stock. This total includes 420,872 shares subject to unvested restricted stock units, as disclosed in the footnotes to the Form 4 filing.

How many D-Wave Quantum (QBTS) shares did the CFO sell in total?

The Form 4 shows that CFO John M. Markovich sold a combined 51,049 shares of D-Wave Quantum common stock. He sold 50,979 shares on June 8, 2026 and an additional 70 shares on June 9, 2026 in open-market transactions.

What does the Form 4 say about D-Wave Quantum (QBTS) CFO’s restricted stock units?

The filing states that the CFO’s reported holdings include 420,872 shares underlying unvested restricted stock units. These RSUs are part of his equity compensation and are counted within the 1,388,863 total common shares reported as directly held after the transactions.