Welcome to our dedicated page for D Wave Quantum SEC filings (Ticker: QBTS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
D-Wave Quantum Inc. filings document the regulatory record for a public quantum computing company that develops annealing and gate-model systems, software and services. The company’s Form 8-K disclosures include operating results, financial-condition updates, investor presentations, Regulation FD announcements, customer and collaboration developments, user conferences and product or technical updates.
Proxy and governance filings cover board matters, executive compensation, equity awards and shareholder voting items. Other material-event filings describe compensation arrangements, the company’s equity incentive plan, subsidiary agreements and formal disclosures tied to its commercial quantum computing business.
D-Wave Quantum Inc. insider Alan Baratz has filed a notice of proposed sales of common stock under Rule 144. The filing covers the planned sale of 35,013 common shares through J.P. Morgan Securities LLC, with an aggregate market value of 982,545.8. These shares are expected to be sold on or about 01/14/2026 on the NYSE, with 342,200,000 shares outstanding noted for context.
The shares to be sold were acquired on 01/13/2026 through the vesting of 85,843 restricted stock units from D-Wave Quantum Inc. as consideration for services rendered, with payment recorded on the same date. The filing also lists prior sales over the past three months by Alan Baratz, including blocks of 31,369, 806,288, 168,102, and 793,712 common shares, with gross proceeds such as 1,372,187, 23,276,393, 3,895,664, and 23,913,142.
Diane Nguyen, associated with D-Wave Quantum Inc., filed a notice of proposed sale of 4,519 shares of common stock through J.P. Morgan Securities LLC on the NYSE. These shares are part of D-Wave Quantum Inc.’s common stock, which had 342,200,000 shares outstanding at the time referenced. Nguyen acquired 10,335 common shares on 01/13/2026 through the vesting of restricted stock units in exchange for services rendered. Over the past three months, she has reported multiple sales of D-Wave Quantum common shares, each with disclosed share counts and gross proceeds.
D-Wave Quantum Inc. insider John Markovich filed a notice to sell 9179 shares of Class A common stock through J.P. Morgan Securities LLC on or about 01/14/2026 on the NYSE, with an aggregate market value of 257583.98. The filing notes 342200000 shares of this class outstanding.
The securities to be sold were acquired on 01/13/2026 via a stock option exercise from D-Wave Quantum Inc. in the amount of 21875 common shares as consideration for services rendered. Over the past three months, Markovich has reported several sales of the issuer’s common stock, including 200000 shares on 11/20/2025 for gross proceeds of 4588008 and 100000 shares on 12/22/2025 for gross proceeds of 3002624.
D-Wave Quantum Inc. filed a current report describing a press conference it hosted on January 7, 2026 about its previously announced agreement to acquire all of the issued and outstanding equity of Quantum Circuits, Inc. The company used an investor presentation for this event, which is provided as Exhibit 99.1 and incorporated by reference.
The disclosure is made under Regulation FD, meaning it is intended to share the same information with the wider market that was discussed at the press conference. The company notes that the presentation and related materials are being furnished rather than filed, which limits how they are treated for certain securities law liability and incorporation-by-reference purposes.
D-Wave Quantum Inc. entered into a definitive Agreement and Plan of Merger to acquire all of the equity of Quantum Circuits, Inc.. The deal values the transaction at $550,000,000, consisting of Common Stock with a value of $300,000,000 plus $250,000,000 in cash, subject to net debt and other adjustments. The number of D-Wave shares to be issued will be based on a 10-day volume-weighted average price, with a collar between $22.30 and $39.03 per share.
Unvested Quantum Circuits stock options will be assumed and converted into D-Wave options, while vested options and warrants will be cancelled for a pro rata share of the consideration. Closing is subject to customary conditions, including Hart-Scott-Rodino clearance, absence of certain adverse events, accuracy of representations, and NYSE authorization of the new shares, and the transaction can be terminated if not closed by April 6, 2026.
D-Wave will issue the stock portion of the consideration in unregistered transactions relying on exemptions including Section 4(a)(2), Regulation D and Regulation S. Key employees will be subject to lock-up agreements restricting transfers of 50% of their D-Wave stock for up to five years, with potential accelerated release based on continued employment or certain termination events.
D-Wave Quantum Inc. reported a major technical milestone in gate-model quantum computing. The company successfully demonstrated scalable on-chip cryogenic control of qubits, which is described as an industry-first achievement. This approach reduces the amount of wiring needed to manage large numbers of qubits while maintaining qubit fidelity, an important factor for reliable quantum operations.
D-Wave states that this result confirms the on-chip cryogenic control technology already used in its commercial annealing quantum processing units can also be applied to its gate-model architectures. According to chief development officer Dr. Trevor Lanting, the company believes this positions it to deliver what it describes as the first truly scalable, commercial-grade gate-model quantum system. The announcement was made through a press release furnished as an exhibit.
D-Wave Quantum Inc. President & CEO Alan Baratz, who is also a director, reported option exercises and share sales in the company’s stock. On 12/22/2025 he exercised a stock option to acquire 793,712 shares of common stock at an exercise price of $0.91 per share, then sold 793,712 shares of common stock on the same date at a weighted average price of $30.1282 per share in multiple trades. After these transactions, he beneficially owned 2,633,163 shares of common stock, including 735,087 shares underlying unvested restricted stock units. Following the exercise, 474,395 stock options from the exercised grant and an additional fully vested option for 213,232 shares remained outstanding. The filing states that the option exercise and sale were carried out under a Rule 10b5-1 trading plan adopted on August 11, 2025.
D-Wave Quantum Inc.'s Chief Financial Officer, John M. Markovich, reported an option exercise and share sale. On 12/22/2025, he exercised 100,000 stock options for Common Stock at an exercise price of $0.92 per share and acquired the same number of shares. That same day, he sold 100,000 shares of Common Stock at a weighted average price of $30.0262 per share in multiple trades between $30.00 and $30.12.
After these transactions, Markovich beneficially owned 1,471,312 shares of Common Stock, which includes 518,417 unvested restricted stock units. He also held 207,926 fully vested options with a $0.92 exercise price expiring on 08/20/2031 and 120,826 fully vested options with a $0.846 exercise price expiring on 01/10/2034. The option exercise and sale were carried out under a Rule 10b5-1 trading plan adopted on August 21, 2025.
D-Wave Quantum Inc. director Rohit Ghai reported selling 10,000 shares of common stock on 12/15/2025 at a weighted average price of $24.2841 per share, in multiple transactions at prices ranging from $23.60 to $26.55, inclusive.
The sale occurred automatically under a Rule 10b5-1 trading plan adopted on June 13, 2025. Following this transaction, he beneficially owns 37,778 shares, which include 14,260 shares of unvested restricted stock units, all reported as directly owned.
D-Wave Quantum Inc. executive Diane Nguyen, EVP, Chief Legal Officer & General Counsel, reported selling 2,733 shares of common stock on December 15, 2025 at a weighted average price of $23.8944 per share.
The report explains that this sale was required to cover statutory tax withholding tied to the vesting of restricted stock units under the company’s equity incentive plans and does not represent a discretionary trade by Nguyen.
After this transaction, Nguyen beneficially owned 563,309 shares of D-Wave Quantum common stock, which includes 218,256 shares underlying unvested restricted stock units.