D-Wave Quantum CFO sells 2,908 QBTS shares

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported an open-market sale of 2,908 shares of Common Stock on June 2, 2026 at a price of $31.00 per share.

Rhea-AI Filing Summary

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported an open-market sale of 2,908 shares of Common Stock on June 2, 2026 at a price of $31.00 per share. After this transaction, he directly holds 1,439,912 shares of Common Stock.

A footnote states this post-transaction balance includes 447,770 shares of unvested restricted stock units, which are compensation awards that have not yet fully vested. The sale represents only a small portion of his overall reported holdings.

Insider Trade Summary

Net Seller: 2,908 shares

Net Sell 1 txn

Insider Markovich John M.

Role Chief Financial Officer

Sold 2,908 shs ($90K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.0001 per share ("Common Stock")	2,908	$31.00	$90K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 1,439,912 shares (Direct)

Footnotes (1)

1. F1. Includes 447,770 shares of unvested restricted stock units.

Key Figures

Shares sold: 2,908 shares Sale price per share: $31.00 per share Shares held after transaction: 1,439,912 shares +1 more

4 metrics

Shares sold 2,908 shares Open-market sale of Common Stock on June 2, 2026

Sale price per share $31.00 per share Price for the 2,908 shares sold

Shares held after transaction 1,439,912 shares Direct Common Stock holdings following the sale

Unvested RSUs included in holdings 447,770 shares Unvested restricted stock units within post-transaction total

Key Terms

open-market sale, restricted stock units, Common Stock, par value

4 terms

open-market sale financial

"transaction_action: "open-market sale""

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.

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.

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.

par value financial

"Common Stock, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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’s CFO, John M. Markovich, reported selling 2,908 shares of Common Stock in an open-market transaction. The sale was disclosed on a Form 4 and reflects a routine adjustment to his personal shareholdings at the stated transaction price.

How many QBTS shares did the CFO sell and at what price per share?

The CFO sold 2,908 shares of D-Wave Quantum Common Stock at $31.00 per share. This open-market sale is documented as a single non-derivative transaction and helps investors understand recent changes in his directly held equity stake.

How many D-Wave Quantum shares does the CFO hold after this Form 4 sale?

Following the reported sale, the CFO directly holds 1,439,912 shares of D-Wave Quantum Common Stock. This total, disclosed in the Form 4, shows that the transaction involved only a small fraction of his overall reported share position in the company.

What does the footnote about unvested restricted stock units mean for QBTS CFO holdings?

The footnote explains that 1,439,912 post-transaction shares include 447,770 unvested restricted stock units. These RSUs are equity awards that will convert into shares only as they vest over time, so they are part of compensation rather than immediately tradable stock.

Does this D-Wave Quantum Form 4 involve any derivative securities or option exercises?

No derivative securities or option exercises are reported in this Form 4. The filing shows only a single non-derivative open-market sale of Common Stock, and the derivativeSummary section is empty, indicating no option or warrant activity in this particular disclosure.

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

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Accepted by SEC EDGAR 06/04/2026 - 05:20 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)
06/02/2026

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")	06/02/2026		S		2,908	D	$31	1,439,912(1)	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. Includes 447,770 shares of unvested restricted stock units.

Remarks:

	/s/ John M. Markovich	06/04/2026
	** 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)