D-Wave Quantum CEO sells shares, exercises options
D-Wave Quantum Inc. President & CEO Alan E. Baratz reported an option exercise-and-sale transaction in Common Stock.
Rhea-AI Filing Summary
D-Wave Quantum Inc. President & CEO Alan E. Baratz reported an option exercise-and-sale transaction in Common Stock. He exercised stock options for a total of 687,627 shares at exercise prices of $0.846 and $0.91 per share and sold 687,627 shares in an open-market transaction at a weighted average price of $26.13 per share.
After these transactions, he directly holds 3,299,771 shares of Common Stock, which includes 1,270,221 shares underlying unvested restricted stock units. The company notes that the sales were effected for financial and tax planning purposes and that the sale prices ranged from $26.00 to $26.53 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 687,627 shares ($17.36M approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
BARATZ ALAN E
Role
President & CEO
Sold
687,627 shs ($17.97M)
Approx. gross sale proceeds
$17.97M
Approx. exercise cost
$612K
Approx. pre-tax spread
$17.36M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 474,395 | $0.91 | $432K |
| Exercise | Stock Option (right to buy) | 213,232 | $0.846 | $180K |
| Exercise | Common Stock, par value $0.0001 per share ("Common Stock") | 474,395 | $0.91 | $432K |
| Exercise | Common Stock, par value $0.0001 per share ("Common Stock") | 213,232 | $0.846 | $180K |
| Sale | Common Stock, par value $0.0001 per share ("Common Stock") | 687,627 | $26.13 | $17.97M |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock, par value $0.0001 per share ("Common Stock") — 3,299,771 shares (Direct)
Footnotes (4)
- F1. Includes 1,270,221 shares of unvested restricted stock units.
- F2. The sales reported in this Form 4 were effected for financial and tax planning purposes.
- F3. 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 $26.53, 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.
- F4. The option has vested and is exercisable as of the date hereof.
Key Figures
Shares sold: 687,627 shares
Weighted average sale price: $26.13 per share
Options exercised at $0.846: 213,232 shares
+4 more
7 metrics
Shares sold
687,627 shares
Open-market sale of Common Stock
Weighted average sale price
<money>$26.13</money> per share
Common Stock sold in range $26.00–$26.53
Options exercised at $0.846
213,232 shares
Stock option exercise price <money>$0.846</money>
Options exercised at $0.91
474,395 shares
Stock option exercise price <money>$0.91</money>
Total options exercised
687,627 shares
Exercise-or-conversion (M code) transactions
Shares held after transactions
3,299,771 shares
Direct holdings of Common Stock
Unvested RSUs
1,270,221 shares
Unvested restricted stock units included in holdings
Key Terms
restricted stock units, weighted average sale price, Stock Option (right to buy), derivative security, +1 more
5 terms
restricted stock units financial
"Includes 1,270,221 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..."
Stock Option (right to buy) financial
"security_title: 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.
financial and tax planning purposes financial
"The sales reported in this Form 4 were effected for financial and tax planning purposes."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did D-Wave Quantum (QBTS) CEO Alan Baratz report on this Form 4?
Alan E. Baratz reported exercising stock options and selling common shares. He exercised options for 687,627 shares of D-Wave Quantum Common Stock and sold 687,627 shares in an open-market transaction on the same date, according to the Form 4 details and footnotes.
What stock options did the D-Wave Quantum (QBTS) CEO exercise in this filing?
Alan Baratz exercised two stock option grants. One covered 213,232 shares at an exercise price of $0.846 per share, and the other covered 474,395 shares at an exercise price of $0.91 per share, converting these options into Common Stock on the transaction date.
How are the D-Wave Quantum (QBTS) CEO’s unvested restricted stock units described in the Form 4?
The Form 4 notes that his holdings include 1,270,221 shares of unvested restricted stock units. These RSUs represent additional equity that may vest over time, increasing his effective exposure to D-Wave Quantum stock beyond already-held common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
