D-Wave Quantum (QBTS) CEO awarded 753,941 RSUs in new grant

Rhea-AI Filing Summary

BARATZ ALAN E reported acquisition or exercise transactions in this Form 4 filing.

D-Wave Quantum Inc. reported that President & CEO Alan E. Baratz received a grant of 753,941 restricted stock units (RSUs) on April 30, 2026. Each RSU represents one share of common stock and vests in equal quarterly installments from April 30, 2026 through January 1, 2030, contingent on his continued service.

Following this award, Baratz directly holds 3,318,313 shares of common stock. The filing notes that his holdings include 1,270,220 unvested RSUs, and that 47,122 RSUs from the April 2026 grant have already vested, though the related shares have not yet been delivered.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BARATZ ALAN E

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.0001 per share ("Common Stock")	753,941	$0.00	--

Holdings After Transaction: Common Stock, par value $0.0001 per share ("Common Stock") — 3,318,313 shares (Direct, null)

Footnotes (1)

1. Represents 753,941 restricted stock units ("RSUs") granted on April 30, 2026 (the "April RSU Grant"), each RSU representing the right to receive one share of Common Stock of the Issuer, that vest in equal quarterly installments from April 30, 2026 through January 1, 2030, subject to the Reporting Person's continued service to the Issuer. Includes 1,270,220 unvested RSUs. As of the date hereof, 47,122 RSUs from the April RSU Grant have vested; the shares of Common Stock issuable in respect thereof have not yet been delivered.

Key Figures

RSUs granted: 753,941 RSUs Shares following transaction: 3,318,313 shares Unvested RSUs: 1,270,220 RSUs +2 more

5 metrics

RSUs granted 753,941 RSUs Grant to President & CEO on April 30, 2026

Shares following transaction 3,318,313 shares Total common stock directly held after grant

Unvested RSUs 1,270,220 RSUs Unvested restricted stock units included in holdings

Vested April 2026 RSUs 47,122 RSUs Portion of April 30, 2026 grant already vested

Vesting period end January 1, 2030 Final vesting date for April 30, 2026 RSU grant

Key Terms

restricted stock units ("RSUs"), vest in equal quarterly installments, Common Stock, unvested RSUs, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents 753,941 restricted stock units ("RSUs") granted on April 30, 2026"

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 in equal quarterly installments financial

"that vest in equal quarterly installments from April 30, 2026 through January 1, 2030"

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.

unvested RSUs financial

"Includes 1,270,220 unvested RSUs."

shares of Common Stock issuable financial

"the shares of Common Stock issuable in respect thereof have not yet been delivered"

Form 4 Insider Transactions: What Each Field Means →

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)
04/30/2026

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")	04/30/2026		A		753,941(1)	A	$0	3,318,313(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 753,941 restricted stock units ("RSUs") granted on April 30, 2026 (the "April RSU Grant"), each RSU representing the right to receive one share of Common Stock of the Issuer, that vest in equal quarterly installments from April 30, 2026 through January 1, 2030, subject to the Reporting Person's continued service to the Issuer.

2. Includes 1,270,220 unvested RSUs. As of the date hereof, 47,122 RSUs from the April RSU Grant have vested; the shares of Common Stock issuable in respect thereof have not yet been delivered.

Remarks:

	/s/ Alan Baratz	05/04/2026
	** 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)

FAQ

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

D-Wave Quantum reported that President & CEO Alan E. Baratz received a grant of 753,941 restricted stock units on April 30, 2026. Each RSU represents one share of common stock and is part of his equity-based compensation package, subject to vesting conditions.

How do the new RSUs for D-Wave Quantum (QBTS) CEO vest over time?

The 753,941 RSUs granted to D-Wave Quantum’s CEO vest in equal quarterly installments from April 30, 2026 through January 1, 2030. Vesting depends on his continued service with the company, aligning long-term incentives with leadership retention and future company performance.

What are Alan Baratz’s total reported holdings after this D-Wave Quantum (QBTS) grant?

After the April 30, 2026 grant, Alan Baratz is reported to directly hold 3,318,313 shares of D-Wave Quantum common stock. This figure reflects his position following the RSU award and provides context for the scale of the new compensation-related equity grant.

How many unvested RSUs does the D-Wave Quantum (QBTS) CEO have after the grant?

The filing states that Alan Baratz’s holdings include 1,270,220 unvested RSUs. This number encompasses unvested units from the April 2026 grant and potentially prior awards, illustrating a significant portion of his compensation tied to future vesting milestones.

Have any RSUs from the April 2026 D-Wave Quantum (QBTS) grant already vested?

Yes. The filing notes that 47,122 RSUs from the April 30, 2026 grant have already vested. However, the shares of common stock issuable in respect of those vested RSUs have not yet been delivered to the CEO as of the date referenced.