D-Wave Quantum director sells 1,100 shares

A D-Wave Quantum Inc. director sold 1,100 QBTS shares under a pre-arranged Rule 10b5-1 trading plan and now reports holding 20,210 shares including unvested RSUs.

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS) director John D. DiLullo reported selling 1,100 shares of Common Stock on September 8, 2026 in an open-market or private transaction. The shares were sold at a weighted average price of $18.0005 per share under a Rule 10b5-1 trading plan adopted on June 15, 2025.

After this sale, DiLullo reported beneficial ownership of 20,210 shares of Common Stock, which includes 9,357 unvested restricted stock units. The sale was executed through multiple trades at prices ranging from $17.49 to $18.46 per share.

Insider Trade Summary 10b5-1

Net Seller: 1,100 shares

Net Sell 1 txn

Insider DiLullo John D

Role Director

Sold 1,100 shs ($20K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.0001 per share ("Common Stock") F1, F2, F3	1,100	$18.0005	$20K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 20,210 shares (Direct)

Footnotes (3)

1. F1. The reported sale of 1,100 shares of Common Stock occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2025.
2. 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 $17.49 to $18.46, 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.
3. F3. Includes 9,357 unvested restricted stock units.

Key Figures

Shares sold: 1,100 shares Weighted average sale price: $18.0005 per share Sale price range: $17.49–$18.46 per share +3 more

6 metrics

Shares sold 1,100 shares Common Stock sale reported for September 8, 2026

Weighted average sale price $18.0005 per share Average price for 1,100 shares sold on September 8, 2026

Sale price range $17.49–$18.46 per share Range of prices for multiple sale transactions on September 8, 2026

Shares owned after transaction 20,210 shares Beneficial ownership after sale, including unvested RSUs

Unvested restricted stock units 9,357 RSUs Included in post-transaction beneficial ownership

Rule 10b5-1 plan adoption date June 15, 2025 Date director adopted the trading plan governing the September 8, 2026 sale

Key Terms

Rule 10b5-1 trading plan, restricted stock units, weighted average sale price

3 terms

Rule 10b5-1 trading plan regulatory

"occurred automatically pursuant to a Rule 10b5-1 trading plan adopted"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"Includes 9,357 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"

FAQ

What insider transaction did QBTS director John D. DiLullo report?

John D. DiLullo reported a sale of 1,100 shares of D-Wave Quantum Inc. Common Stock on September 8, 2026. The transaction was reported as a sale in an open market or private transaction at a weighted average price of $18.0005 per share.

At what prices were the 1,100 QBTS shares sold by the director?

The 1,100 QBTS shares were sold at a weighted average price of $18.0005 per share. According to the disclosure, the shares were executed in multiple transactions at prices ranging from $17.49 to $18.46 per share.

How many QBTS shares does John D. DiLullo own after the reported sale?

After the reported sale, John D. DiLullo reported beneficial ownership of 20,210 shares of D-Wave Quantum Inc. Common Stock. This total includes 9,357 unvested restricted stock units as indicated in the disclosure.

Was the QBTS share sale by the director under a Rule 10b5-1 plan?

Yes. The filing states the sale of 1,100 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by John D. DiLullo on June 15, 2025, and the form’s Rule 10b5-1 checkbox is affirmed.

What role does John D. DiLullo have at D-Wave Quantum Inc. (QBTS)?

John D. DiLullo is reported as a director of D-Wave Quantum Inc. in this Form 4. He is not identified in the filing as an officer or ten percent owner.

Does the Form 4 for QBTS indicate any derivative transactions for the director?

No derivative security transactions are reported in this Form 4. The only reported transaction is a non-derivative sale of 1,100 shares of Common Stock on September 8, 2026, with no derivative positions listed in the derivative summary.

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Available on EDGAR 09/09/2026 - 05:10 PM Accepted by SEC EDGAR 09/09/2026 - 05:09 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).

X

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^*

DiLullo John D

(Last) (First) (Middle)

C/O D-WAVE QUANTUM INC.

2650 E BAYSHORE RD

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share ("Common Stock")	09/08/2026		S		1,100(1)	D	$18.0005(2)	20,210(3)	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. The reported sale of 1,100 shares of Common Stock occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2025.

2. 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 $17.49 to $18.46, 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.

3. Includes 9,357 unvested restricted stock units.

Remarks:

	/s/ John D. DiLullo	09/09/2026
	** 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)