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D-Wave Quantum (NYSE: QBTS) director receives 9,357 RSUs equity award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DiLullo John D reported acquisition or exercise transactions in this Form 4 filing.

D-Wave Quantum Inc. director John D. DiLullo reported receiving a grant of 9,357 restricted stock units (RSUs), each representing one share of common stock. The grant was recorded at a price of $0.00 per share, reflecting a compensation award rather than an open-market purchase.

The RSUs will vest on May 31, 2027, subject to his continued service with the company. Following this grant, DiLullo’s reported direct holdings total 29,160 shares/RSUs, including 9,357 unvested RSUs.

Positive

  • None.

Negative

  • None.
Insider DiLullo John D
Role null
Type Security Shares Price Value
Grant/Award Common Stock, par value $0.0001 per share ("Common Stock") 9,357 $0.00 --
Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 29,160 shares (Direct, null)
Footnotes (1)
  1. Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share of Common Stock of the Issuer, that will vest on May 31, 2027, subject to the reporting person's continued service to the Issuer. Includes 9,357 unvested RSUs.
RSUs granted 9,357 RSUs Compensation award to director John D. DiLullo
Grant price $0.00 per share Recorded value for RSU grant
Total holdings after grant 29,160 shares/RSUs Direct holdings following the transaction
Unvested RSUs included 9,357 RSUs Portion of total holdings that are unvested
Vesting date May 31, 2027 RSU vesting contingent on continued service
restricted stock units ("RSUs") financial
"Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share of Common Stock"
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.
Common Stock financial
"each RSU representing the right to receive one share of Common Stock of 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.
vesting financial
"that will vest on May 31, 2027, subject to the reporting person's continued service"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
DiLullo John D
(Last)(First)(Middle)
C/O D-WAVE QUANTUM INC.
2650 E BAYSHORE RD
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.0001 per share ("Common Stock")06/04/2026A9,357(1)A$029,160(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share of Common Stock of the Issuer, that will vest on May 31, 2027, subject to the reporting person's continued service to the Issuer.
2. Includes 9,357 unvested RSUs.
Remarks:
/s/ John D. DiLullo06/05/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did D-Wave Quantum (QBTS) report for John D. DiLullo?

D-Wave Quantum reported that director John D. DiLullo received a grant of 9,357 restricted stock units. Each RSU represents one share of common stock, recorded at $0.00 per share as a compensation award rather than an open-market purchase.

When do John D. DiLullo’s new D-Wave Quantum (QBTS) RSUs vest?

The 9,357 restricted stock units granted to John D. DiLullo vest on May 31, 2027. Vesting is conditioned on his continued service with D-Wave Quantum through that date, aligning the award with long-term involvement at the company.

How many D-Wave Quantum (QBTS) shares/RSUs does John D. DiLullo hold after this Form 4?

After the reported grant, John D. DiLullo holds 29,160 D-Wave Quantum common shares/RSUs directly. This total includes 9,357 unvested restricted stock units, which will only become fully owned shares if the vesting conditions are satisfied.

Was the D-Wave Quantum (QBTS) RSU grant to John D. DiLullo an open-market purchase?

No, the 9,357 restricted stock units were granted at $0.00 per share as a compensation award. This indicates an equity-based incentive grant, not an open-market stock purchase using personal funds on a public exchange.

What does the Form 4 code “A” mean in the D-Wave Quantum (QBTS) filing?

In this Form 4, transaction code “A” indicates a grant, award, or other acquisition of securities. For John D. DiLullo, it reflects an RSU compensation grant of 9,357 units rather than a traditional market buy or sell transaction.