D-Wave Quantum director granted 9,357 RSUs

WEST STEVEN M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

WEST STEVEN M reported acquisition or exercise transactions in this Form 4 filing.

D-Wave Quantum Inc. director Steven M. West reported a new equity award of 9,357 restricted stock units (RSUs). These RSUs each represent one share of common stock and will vest on May 31, 2027, subject to his continued service with the company.

Following this grant, West directly holds 29,194 shares of common stock. He also has indirect interests, including shares held by the West-Karam Family Trust, where he serves as trustee and remains the beneficial owner, and a small number of shares held by his spouse, for which he disclaims beneficial ownership.

Insider Trade Summary

Grant/Award: 9,357 shares

Grant/Award 3 txns

Insider WEST STEVEN M

Role Director

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

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 29,194 shares (Direct); Common Stock, par value $0.0001 per share ("Common Stock") — 82 shares (Indirect, By spouse); Common Stock, par value $0.0001 per share ("Common Stock") — 118,840 shares (Indirect, See Footnote)

Footnotes (4)

1. F1. 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. F2. Includes 9,357 unvested RSUs.
3. F3. The reporting person disclaims beneficial ownership of these shares of Common Stock, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
4. F4. West-Karam Family Trust is the record holder of such securities. The reporting person is trustee of the West-Karam Family Trust, of which the reporting person and members of the reporting person's immediate family are the sole beneficiaries. The reporting person remains the beneficial owner of the securities held by the trust.

Key Figures

RSU grant: 9,357 RSUs RSU vesting date: May 31, 2027 Direct common shares after grant: 29,194 shares +3 more

6 metrics

RSU grant 9,357 RSUs Equity award to director; each RSU equals one common share

RSU vesting date May 31, 2027 Vesting contingent on continued service to the issuer

Direct common shares after grant 29,194 shares Total direct ownership following the RSU award

Indirect trust holdings 118,840 shares Held by West-Karam Family Trust; West remains beneficial owner

Spouse-held shares 82 shares Held by spouse; beneficial ownership disclaimed by West

Grant price per share $0.00 per share Reported price for the RSU grant as compensation

Key Terms

restricted stock units ("RSUs"), Section 16, West-Karam Family Trust

3 terms

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.

Section 16 regulatory

"shall not be deemed an admission that the reporting person is the beneficial owner of such shares of Common Stock for purposes of Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

West-Karam Family Trust financial

"West-Karam Family Trust is the record holder of such securities. The reporting person is trustee of the West-Karam Family Trust"

FAQ

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

What insider transaction did D-Wave Quantum (QBTS) director Steven M. West report?

Steven M. West reported receiving 9,357 restricted stock units (RSUs) in D-Wave Quantum common stock. The award is a form of equity compensation and increases his direct shareholdings, aligning his interests more closely with other shareholders over the vesting period.

When do Steven M. West’s 9,357 D-Wave Quantum RSUs vest?

The 9,357 RSUs granted to Steven M. West vest on May 31, 2027, subject to his continued service. Vesting means he will receive one share of D-Wave Quantum common stock for each RSU that becomes fully vested on that date.

How many D-Wave Quantum shares does Steven M. West hold directly after this Form 4?

After the reported grant, Steven M. West holds 29,194 D-Wave Quantum common shares directly. This direct holding reflects his personal ownership position separate from any indirect interests held through trusts or by family members associated with him.

What is the role of the West-Karam Family Trust in Steven M. West’s D-Wave Quantum holdings?

The West-Karam Family Trust is the record holder of certain D-Wave Quantum securities. Steven M. West is the trustee, and he and his immediate family are beneficiaries. The filing states he remains the beneficial owner of the securities held by this trust.

Does Steven M. West claim beneficial ownership of D-Wave Quantum shares held by his spouse?

The filing states that Steven M. West disclaims beneficial ownership of D-Wave Quantum shares held by his spouse. This means he does not treat those shares as his own for Section 16 or other beneficial ownership purposes in the context of this report.

Is Steven M. West’s 9,357 RSU award in D-Wave Quantum an open-market purchase?

No. The 9,357 D-Wave Quantum RSUs reported are a grant or award, not an open-market purchase. They were granted at a reported price of $0.00 per share as equity compensation, to vest later if service conditions are satisfied.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/05/2026 - 05:08 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^*

WEST STEVEN M

(Last) (First) (Middle)

C/O D-WAVE QUANTUM INC.

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
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.0001 per share ("Common Stock")	06/04/2026		A		9,357(1)	A	$0	29,194(2)	D
Common Stock, par value $0.0001 per share ("Common Stock")								82(3)	I	By spouse
Common Stock, par value $0.0001 per share ("Common Stock")								118,840	I	See Footnote(4)

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. 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.

3. The reporting person disclaims beneficial ownership of these shares of Common Stock, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.

4. West-Karam Family Trust is the record holder of such securities. The reporting person is trustee of the West-Karam Family Trust, of which the reporting person and members of the reporting person's immediate family are the sole beneficiaries. The reporting person remains the beneficial owner of the securities held by the trust.

Remarks:

	Steven M. West	06/05/2026
	** 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)