D Wave Quantum SEC Filings

D-Wave Quantum Inc. (QBTS) Form 144: An individual reported a proposed sale of 50,000 shares of common stock to be executed through J.P. Morgan Securities LLC on 09/12/2025 with an aggregate market value listed at $875,000. The filing states the shares were acquired by stock option exercise on 09/12/2025 and paid for in cash on 09/15/2025. The issuer's outstanding shares are reported as 266,568,046, which places the proposed sale at a small fraction of total shares. The filer also disclosed three recent sales by John Markovich totaling 200,000 shares during August–September 2025 with combined gross proceeds of $3,745,000. The notice includes the standard signer representation about lack of undisclosed material adverse information.

D-Wave Quantum Inc. (QBTS) Form 144 filing reports a proposed sale of 50,000 shares of common stock through J.P. Morgan Securities LLC, with an aggregate market value of $815,000 and an approximate sale date of 09/11/2025. The filer indicates the 50,000 shares were acquired by stock option exercise on 09/11/2025 from the issuer and paid in cash on 09/12/2025. The filing lists the company’s outstanding shares as 266,568,046, and shows prior sales by the same person totaling 150,000 shares in the past three months: 100,000 shares on 08/12/2025 for $1,800,000 and 50,000 shares on 09/10/2025 for $815,000. The notice includes the standard signature representation that the signer is unaware of undisclosed material adverse information.

D-Wave Quantum Inc. (QBTS) filed a Form 144 notifying a proposed sale of 50,000 shares of common stock through J.P. Morgan Securities LLC with an aggregate market value of $315,000. The filing reports approximately 266,568,046 shares outstanding and lists an approximate sale date of 09/10/2025 on the NYSE. The shares were acquired on 09/10/2025 by stock option exercise from the issuer and payment was made in cash on 09/11/2025. The filer also reported a sale during the past three months: 100,000 shares sold on 08/12/2025 by John Markovich for gross proceeds of $1,800,000. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.

John M. Markovich, Chief Financial Officer and Director of D-Wave Quantum Inc. (QBTS), reported insider transactions on Form 4. On 09/05/2025 he executed transactions coded M that resulted in the acquisition of 40,758 shares of common stock at a price of $0.92 per share. After the reported activity he beneficially owns 1,599,511 shares of common stock, which explicitly includes 812,837 unvested restricted stock units. The filing also discloses derivative holdings: a $0.92 stock option reflecting 40,758 underlying shares (857,926 options shown as beneficially owned) and a $0.846 option for 120,826 shares that is exercisable as of grant. The Form 4 is signed 09/09/2025.

Steven M. West, a director of D-Wave Quantum Inc. (QBTS), filed an amended Form 4 reporting corrective details about sales and ownership on August 13, 2025. The amendment clarifies that 119,000 shares were sold by the West-Karam Family Trust at a weighted-average price of $18.06, leaving the trust holding 118,840 shares indirectly beneficially owned by Mr. West. Separately, Mr. West sold 25,000 shares directly at a weighted-average price of $18.176, after which he directly beneficially owns 19,837 unvested restricted stock units. The filing corrects prior reporting about indirect ownership through Emerging Company Partners LLC and supplies footnotes about sale price ranges and trust relationships.

D-Wave Quantum director Steven M. West reported multiple transfers of Common Stock to entities he controls and to the West-Karam Family Trust. The filing shows transfers on 07/12/2024, 08/22/2024 and 08/05/2025 described as transfers for no consideration. After the reported transactions, the filing states Mr. West held both direct and indirect beneficial ownership positions through the West-Karam Family Trust and Emerging Company Partners LLC, and he remains trustee and beneficiary of the trust. The Form 4/A reflects updated beneficial ownership totals, including specific share counts and unvested RSUs.

Steven M. West, a director of D-Wave Quantum Inc. (QBTS), reported sales of company common stock on 08/13/2025 totaling 144,000 shares. The filing shows 119,000 shares sold at $18.06 and 25,000 shares sold at a weighted average price of $18.176. After the reported transactions, beneficial ownership figures are stated as 139,018 and 114,018 shares in the table entries. The report also discloses 24,659 shares held indirectly through Emerging Company Partners LLC, an entity controlled by the reporting person, and that 19,837 shares are unvested restricted stock units included in the beneficial ownership counts.

D-Wave Quantum insider transactions by EVP & Chief Legal Officer Diane Nguyen on 08/13/2025. The filing shows multiple option exercises and open-market sales. Ms. Nguyen exercised stock options at strike prices of $0.91, $0.92 and $2.10 for aggregate grants including 27,668; 9,118; 2,224; and 40,831 option shares, with the $2.10 option covering 40,831 shares of which 43,750 option shares remain related to outstanding awards. The report discloses sales of common stock in several tranches at weighted-average prices between about $18.11 and $18.54. The reporting person held 614,978 shares following some transactions, including 294,212 unvested restricted stock units, and shares were withheld to satisfy tax obligations in connection with RSU vesting.

Insider transactions by D-Wave Quantum CFO John M. Markovich on 08/12/2025: The filing shows Markovich exercised a stock option at an exercise price of $0.92 for 100,000 shares and simultaneously sold 100,000 shares at $18.00 per share. After these transactions his reported beneficial ownership is 1,558,753 shares (direct). The filing also discloses outstanding derivative holdings: a stock option with a $0.92 exercise price covering 100,000 shares (vesting schedule noted) and a fully vested option at $0.846 covering 120,826 shares. The report includes 812,837 unvested restricted stock units included in his holdings.