D-Wave CEO has 33,778 shares withheld for taxes

D-Wave Quantum Inc. President & CEO Alan E. Baratz reported a tax-related share disposition.

Rhea-AI Filing Summary

D-Wave Quantum Inc. President & CEO Alan E. Baratz reported a tax-related share disposition. On April 13, 2026, 33,778 shares of Common Stock were withheld at $14.25 per share to satisfy tax withholding requirements tied to vesting restricted stock units, rather than sold in the open market.

Following this withholding, Baratz directly holds 2,564,372 shares of Common Stock, which include 563,401 shares subject to unvested restricted stock units. This filing reflects a routine compensation-related tax event and not a discretionary share sale.

Insider Trade Summary

Exercise Price or Tax Liability: 33,778 shares

Exercise Price or Tax Liability 1 txn

Insider BARATZ ALAN E

Role President & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $0.0001 per share ("Common Stock")	33,778	$14.25	$481K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 2,564,372 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 563,401 shares of unvested restricted stock units.

Key Figures

Shares withheld for taxes: 33,778 shares Withholding reference price: $14.25 per share Shares held after transaction: 2,564,372 shares +1 more

4 metrics

Shares withheld for taxes 33,778 shares Withheld on April 13, 2026 for tax on RSU vesting

Withholding reference price $14.25 per share Value applied to tax-withheld Common Stock shares

Shares held after transaction 2,564,372 shares Total direct Common Stock holdings following withholding

Unvested RSU shares 563,401 shares Included within Alan Baratz’s direct holdings as unvested RSUs

Key Terms

tax withholding requirements, restricted stock units, unvested restricted stock units, Common Stock

4 terms

tax withholding requirements financial

"withheld by the Issuer to satisfy tax withholding requirements in connection"

restricted stock units financial

"in connection with the vesting of 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.

unvested restricted stock units financial

"Includes 563,401 shares of unvested restricted stock units"

Common Stock financial

"Represents shares of Common Stock withheld by the Issuer"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What insider transaction did D-Wave Quantum (QBTS) report for Alan Baratz?

Alan Baratz reported a tax-withholding disposition of 33,778 D-Wave Quantum shares. The issuer withheld these shares at $14.25 each to cover tax obligations arising from restricted stock unit vesting, rather than Baratz selling shares in the open market.

Was the D-Wave Quantum (QBTS) Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. D-Wave Quantum withheld 33,778 shares of Common Stock to satisfy tax requirements associated with restricted stock unit vesting, as described in the filing’s footnote.

How many D-Wave Quantum (QBTS) shares does Alan Baratz hold after this Form 4?

After the reported transaction, Alan Baratz directly holds 2,564,372 D-Wave Quantum Common Stock shares. This total includes shares underlying 563,401 unvested restricted stock units, according to the ownership details disclosed in the Form 4 footnotes.

What price was used for the D-Wave Quantum (QBTS) tax-withheld shares?

The tax-withheld shares were valued at $14.25 per share. This price applies to the 33,778 Common Stock shares that D-Wave Quantum withheld from Alan Baratz to cover tax obligations related to the vesting of his restricted stock units.

What are the restricted stock units mentioned in the D-Wave Quantum (QBTS) Form 4?

Restricted stock units are share-based awards that vest over time or upon conditions. The Form 4 notes that Alan Baratz’s holdings include 563,401 shares tied to unvested restricted stock units, and the reported share withholding was triggered by RSU vesting.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/15/2026 - 05:08 PM EDT 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^*

BARATZ ALAN E

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

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")	04/13/2026		F		33,778(1)	D	$14.25	2,564,372(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 563,401 shares of unvested restricted stock units.

Remarks:

	/s/ Alan Baratz	04/15/2026
	** 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)