QBTS Insider: Steven West Disposes of 144,000 Shares; Indirect Holdings Disclosed
Rhea-AI Filing Summary
Steven M. West, a director of D-Wave Quantum Inc. (QBTS), reported sales of company common stock on 08/13/2025 totaling 144,000 shares. The filing shows 119,000 shares sold at $18.06 and 25,000 shares sold at a weighted average price of $18.176. After the reported transactions, beneficial ownership figures are stated as 139,018 and 114,018 shares in the table entries. The report also discloses 24,659 shares held indirectly through Emerging Company Partners LLC, an entity controlled by the reporting person, and that 19,837 shares are unvested restricted stock units included in the beneficial ownership counts.
Positive
- Insider transactions are fully disclosed with transaction dates, share amounts, and prices, supporting regulatory transparency
- Unvested restricted stock units (19,837 shares) are explicitly identified within the beneficial ownership calculation
- Indirect holdings disclosed (24,659 shares via Emerging Company Partners LLC) with control of the entity stated
Negative
- Director sold a meaningful block of shares (144,000 total), which may be viewed as a reduction in insider ownership
- Post-transaction beneficial ownership figures vary across entries, which could require clarification for precise outstanding holdings
Insights
TL;DR: Director sold 144,000 QBTS shares on 08/13/2025; holdings include unvested RSUs and indirect ownership via a controlled entity.
The Form 4 discloses material insider sales aggregating 144,000 shares executed at roughly $18.06 and $18.176 per share. The filing provides post-transaction beneficial ownership amounts and clarifies that 19,837 shares are unvested RSUs, which affects the economic alignment between the director and shareholders until vesting. Additionally, 24,659 shares are held indirectly through Emerging Company Partners LLC, which the reporting person controls, indicating ownership outside of direct holdings. No derivative transactions or 10b5-1 plan designation are specified in the document.
TL;DR: Routine disclosure of insider stock sales by a director; indirect holdings and unvested equity are explicitly disclosed.
The statement identifies the reporting person as a director and documents multiple open-market sales on a single date with weighted-average pricing details for one block. The filing properly discloses indirect ownership through an entity controlled by the director and quantifies unvested restricted stock units included in beneficial ownership. The disclosure meets Section 16(a) reporting requirements by listing transaction codes, amounts, prices, and post-transaction ownership counts. The form does not state any amendment or plan-based execution designation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.0001 per share ("Common Stock") | 119,000 | $18.06 | $2.15M |
| Sale | Common Stock, par value $0.0001 per share ("Common Stock") | 25,000 | $18.176 | $454K |
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
Footnotes (1)
- Includes 19,837 shares of unvested restricted stock units. The sales price reported is the weighted average sale price for the number of shares sold. These shares were sold in multiple transactions at prices ranging from $18.17 to $18.19, 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. Emerging Company Partners LLC is the record holder of such securities. The reporting person controls this entity.
