D-Wave Quantum Inc. (QBTS) director sells 8,000 shares via Rule 10b5-1 plan

Rhea-AI Filing Summary

D-Wave Quantum Inc. (QBTS)8,000 shares of D-Wave Quantum Inc. common stock at a weighted average price of $27.3612 per share, in multiple trades between $26.28 and $28.62. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 15, 2025, which is designed to systematically sell shares according to preset instructions. Following this sale, the director beneficially owns 27,803 shares of common stock, which includes 14,260 unvested restricted stock units.

12/08/2025 - 05:36 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).

X

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 CA 94303

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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")	12/05/2025		S		8,000(1)	D	$27.3612(2)	27,803(3)	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. The reported sale of 8,000 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2025.

2. 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 $26.28 to $28.62, 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.

3. Includes 14,260 unvested restricted stock units.

Remarks:

	/s/ John D. DiLullo	12/08/2025
	** 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.

FAQ

What insider transaction did D-Wave Quantum Inc. (QBTS) disclose in this Form 4?

The filing reports that a D-Wave Quantum Inc. director sold 8,000 shares of common stock on 12/05/2025 at a weighted average price of $27.3612 per share.

Was the QBTS insider sale made under a Rule 10b5-1 trading plan?

Yes. The 8,000-share sale was executed automatically under a Rule 10b5-1 trading plan that the reporting person adopted on June 15, 2025.

What price range did the D-Wave Quantum (QBTS) director receive for the sold shares?

The director’s 8,000 shares were sold in multiple transactions at prices ranging from $26.28 to $28.62 per share, with a weighted average of $27.3612.

How many D-Wave Quantum Inc. (QBTS) shares does the insider own after this transaction?

After the reported sale, the director beneficially owns 27,803 shares of D-Wave Quantum Inc. common stock, including 14,260 unvested restricted stock units.

What role does the reporting person hold at D-Wave Quantum Inc. (QBTS)?

The reporting person is a director of D-Wave Quantum Inc., as indicated in the relationship section of the filing.

Is this Form 4 for an individual or multiple reporting persons at D-Wave Quantum (QBTS)?

This Form 4 is indicated as being filed by one reporting person, not a joint or group filing.