Form 4: CFO Sells D-Wave Quantum Shares

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich reported the sale of company stock on June 8th and 9th, 2026.

Summary

• John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported transactions on June 8th and 9th, 2026.
• On June 8th, 2026, Markovich sold 50,979 shares of common stock at a weighted average price of $26.24 per share.
• On June 9th, 2026, an additional 70 shares were sold at a price of $26.54 per share.
• The sales were executed under a Rule 10b5-1(c) trading plan.
• Following these transactions, Markovich beneficially owns 1,388,863 shares of common stock.
• This total includes 420,872 shares of unvested restricted stock units.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative sentiment due to the CFO's stock sales, despite being executed under a 10b5-1 plan, which can raise concerns among investors about insider confidence.

Negatives

• The Chief Financial Officer sold a significant number of shares, which could be perceived negatively by the market.

Risks

• The sales were executed under a Rule 10b5-1(c) trading plan, indicating a pre-arranged selling strategy, but the timing of such sales can still impact investor sentiment.
• The filing does not provide specific reasons for the sales, leaving room for speculation about the CFO's confidence in the company's future performance.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. The transactions reported are historical sales.

Industry Context

StockSavvy.ai notes that insider selling, particularly by a CFO, can sometimes be interpreted as a lack of confidence in the company's short-term prospects, even when executed under a pre-arranged trading plan. However, the specific context of D-Wave Quantum Inc. and the broader quantum computing industry, which is still in a growth phase, should be considered.

Stakeholder Impact

• Shareholders may view the CFO's stock sales with concern, potentially leading to short-term downward pressure on the stock price.
• Employees with stock options or grants may be influenced by the CFO's selling activity.
• Creditors and suppliers are unlikely to be directly impacted by this specific filing.

Key Dates

Recommendation

The filing reports routine insider sales under a 10b5-1 plan, which is not inherently indicative of a fundamental change in the company's outlook. While insider selling can create short-term negative sentiment, it does not provide enough information to warrant a strong buy or sell recommendation without further analysis of the company's overall financial health and strategic position.

Keywords

D-Wave Quantum Inc., QBTS, Form 4, Insider Trading, Stock Sale, John M. Markovich, Chief Financial Officer, Rule 10b5-1(c), Beneficial Ownership