D-Wave Quantum CEO shares withheld for taxes

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

Rhea-AI Filing Summary

D-Wave Quantum Inc. President and CEO Alan E. Baratz reported a routine tax-related share disposition. On May 13, the company withheld 18,542 shares of Common Stock to cover tax obligations tied to vesting restricted stock units. This was recorded at $22.35 per share. After this withholding, Baratz directly holds 3,299,771 shares of Common Stock, which the filing notes include 1,270,221 unvested RSUs. The event reflects automatic tax handling on equity compensation rather than an open-market trade.

Insider Trade Summary

Exercise Price or Tax Liability: 18,542 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")	18,542	$22.35	$414K

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 3,299,771 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 ("RSUs").
2. F2. Includes 1,270,221 unvested RSUs.

Key Figures

Shares withheld for taxes: 18,542 shares Withholding price per share: $22.35 per share Shares held after transaction: 3,299,771 shares +1 more

4 metrics

Shares withheld for taxes 18,542 shares Tax withholding on RSU vesting, transaction code F

Withholding price per share $22.35 per share Valuation used for the 18,542 withheld shares

Shares held after transaction 3,299,771 shares CEO’s direct Common Stock holdings following withholding

Unvested RSUs included 1,270,221 RSUs Unvested restricted stock units included in total holdings

Key Terms

restricted stock units ("RSUs"), tax withholding requirements, Common Stock

3 terms

restricted stock units ("RSUs") financial

"in connection with the vesting of restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

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.

FAQ

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

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

D-Wave Quantum’s CEO Alan E. Baratz reported a tax-related share disposition. The company withheld 18,542 Common Stock shares to satisfy tax obligations from vesting restricted stock units, a routine equity compensation event rather than a discretionary market trade.

How many D-Wave Quantum (QBTS) shares were withheld for taxes?

The company withheld 18,542 shares of Common Stock from Alan E. Baratz. These shares covered tax withholding requirements linked to vesting restricted stock units, and were valued at $22.35 per share according to the reported transaction details.

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

After the tax withholding transaction, Alan E. Baratz directly holds 3,299,771 shares of D-Wave Quantum Common Stock. This figure, reported in the filing, includes both vested shares and 1,270,221 unvested restricted stock units granted to him.

What does the F transaction code mean in the D-Wave Quantum (QBTS) Form 4?

The F code indicates shares used to pay an exercise price or tax liability. Here, 18,542 shares of D-Wave Quantum Common Stock were withheld by the company to satisfy tax withholding requirements on vesting restricted stock units for the CEO.

Does the D-Wave Quantum (QBTS) Form 4 show an open-market sale by the CEO?

The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by D-Wave Quantum to meet tax obligations on vesting restricted stock units, a standard administrative step in equity compensation programs.

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 05/14/2026 - 05:11 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)
05/13/2026

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")	05/13/2026		F		18,542(1)	D	$22.35	3,299,771(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 ("RSUs").

2. Includes 1,270,221 unvested RSUs.

Remarks:

	/s/ Alan Baratz	05/14/2026
	** 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)