D-Wave CFO covers taxes with 8,607 QBTS shares

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported a routine tax-withholding disposition of 8,607 shares of Common Stock at $14.25 per share on restricted stock unit vesting.

Rhea-AI Filing Summary

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported a routine tax-withholding disposition of 8,607 shares of Common Stock at $14.25 per share on restricted stock unit vesting. After this withholding, he directly holds 1,442,820 shares of Common Stock, including 447,770 unvested restricted stock units.

Insider Trade Summary

Exercise Price or Tax Liability: 8,607 shares

Exercise Price or Tax Liability 1 txn

Insider Markovich John M.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $0.0001 per share ("Common Stock")	8,607	$14.25	$123K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 1,442,820 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 447,770 shares of unvested restricted stock units.

Key Figures

Tax-withheld shares: 8,607 shares Withholding share value: $14.25 per share Shares after transaction: 1,442,820 shares +1 more

4 metrics

Tax-withheld shares 8,607 shares Shares withheld to cover tax on RSU vesting

Withholding share value $14.25 per share Per-share value used for tax-withholding disposition

Shares after transaction 1,442,820 shares Direct Common Stock holdings following the transaction

Unvested RSUs 447,770 units Unvested restricted stock units included in holdings

Key Terms

restricted stock units, tax withholding requirements, Common Stock, tax-withholding disposition

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.

tax withholding requirements financial

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

Common Stock financial

"Common Stock, par value $0.0001 per share ("Common Stock")"

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

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

What insider transaction did D-Wave Quantum (QBTS) report for its CFO?

D-Wave Quantum CFO John M. Markovich reported a disposition of 8,607 Common Stock shares. These shares were withheld by the company to cover tax obligations triggered by vesting restricted stock units, rather than sold in an open-market transaction.

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

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 8,607 shares were withheld by the issuer to satisfy tax withholding requirements related to restricted stock unit vesting.

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

After the reported tax-withholding disposition, the CFO directly holds 1,442,820 shares of D-Wave Quantum Common Stock. This figure includes both vested shares and 447,770 unvested restricted stock units noted in the filing’s footnote.

What does the $14.25 price on the D-Wave Quantum (QBTS) Form 4 represent?

The $14.25 figure represents the per-share value used for the 8,607 withheld shares. It is applied to calculate the tax-withholding disposition amount tied to the vesting of the CFO’s restricted stock units on the transaction date.

What role do restricted stock units play in the D-Wave Quantum (QBTS) CFO’s holdings?

Restricted stock units are a key part of the CFO’s equity compensation. The filing states his holdings include 447,770 unvested restricted stock units, which will convert into shares over time as vesting conditions are met.

Why did D-Wave Quantum (QBTS) withhold shares from its CFO upon RSU vesting?

The issuer withheld 8,607 shares to satisfy tax withholding requirements linked to vesting restricted stock units. This mechanism pays required taxes by delivering shares back to the company instead of using cash, a common equity compensation practice.

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

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Accepted by SEC EDGAR 04/15/2026 - 05:07 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^*

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)
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		8,607(1)	D	$14.25	1,442,820(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 447,770 shares of unvested restricted stock units.

Remarks:

	/s/ John M. Markovich	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)