Director Roger Biscay awarded 9,357 RSUs at D-Wave Quantum (QBTS)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Biscay Roger reported acquisition or exercise transactions in this Form 4 filing.

D-Wave Quantum Inc. director Roger Biscay received a grant of 9,357 restricted stock units, each representing one share of common stock. These RSUs will vest on May 31, 2027, subject to his continued service. After this award, he holds 23,617 shares and RSUs in total, including 9,357 unvested RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Biscay Roger

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share	9,357	$0.00	--

Holdings After Transaction: Common Stock, par value $0.0001 per share — 23,617 shares (Direct, null)

Footnotes (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.

Key Figures

RSUs granted: 9,357 RSUs Total holdings after grant: 23,617 shares/RSUs Grant price per share: $0.0000 per share

3 metrics

RSUs granted 9,357 RSUs Grant of restricted stock units to director on June 4, 2026

Total holdings after grant 23,617 shares/RSUs Common stock and RSUs following the reported transaction

Grant price per share $0.0000 per share Reported transaction price for RSU award

Key Terms

restricted stock units ("RSUs"), vest, Common Stock

3 terms

restricted stock units ("RSUs") financial

"Consists of restricted stock units ("RSUs"), each RSU representing the right to receive one share"

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.

vest financial

"that will vest on May 31, 2027, subject to the reporting person's continued service"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Common Stock financial

"one share of Common Stock of the Issuer, that will vest on May 31, 2027"

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.

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Form 4 Insider Transactions: What Each Field Means →

06/08/2026 - 04:14 PM

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^*

Biscay Roger

(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)

X	Director	10% 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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.0001 per share	06/04/2026		A		9,357⁽¹⁾	A	$0	23,617⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Roger Biscay	06/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did D-Wave Quantum (QBTS) director Roger Biscay receive in this Form 4?

Roger Biscay received a grant of 9,357 restricted stock units (RSUs), each representing one share of D-Wave Quantum common stock. The award is compensation-related and was not an open-market stock purchase or sale.

When do Roger Biscay’s new D-Wave Quantum (QBTS) RSUs vest?

The 9,357 RSUs granted to Roger Biscay will vest on May 31, 2027, provided he continues serving D-Wave Quantum. Vesting means the RSUs convert into common shares he can own outright, subject to any applicable company policies.

How many D-Wave Quantum (QBTS) shares and RSUs does Roger Biscay hold after this grant?

After the RSU grant, Roger Biscay holds a total of 23,617 D-Wave Quantum shares and RSUs. This total includes the 9,357 newly granted unvested RSUs that are scheduled to vest on May 31, 2027, assuming continued service.

Are the 9,357 D-Wave Quantum (QBTS) RSUs immediately vested for Roger Biscay?

No, the 9,357 RSUs granted to Roger Biscay are unvested and subject to vesting on May 31, 2027. He must remain in service to D-Wave Quantum until that date for the RSUs to convert into common stock.

Was there any open-market buying or selling of D-Wave Quantum (QBTS) stock by Roger Biscay?

No open-market buying or selling occurred in this filing. The Form 4 reports a grant or award acquisition of 9,357 RSUs at a price of $0.0000 per share, reflecting a compensation grant rather than a market transaction.