Form 4: D-Wave CEO Alan Baratz Reports Tax-Related Share Sale

CEO Alan Baratz disposed of 33,778 shares of D-Wave Quantum Inc. to satisfy tax obligations related to RSU vesting.

Summary

• Alan Baratz, President and CEO of D-Wave Quantum Inc., executed a transaction on April 13, 2026.
• The transaction involved the withholding of 33,778 shares of common stock by the company.
• The shares were withheld at a price of $14.25 per share to cover tax withholding requirements upon the vesting of restricted stock units (RSUs).
• Following this transaction, the CEO maintains a beneficial ownership of 2,564,372 shares, which includes 563,401 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a routine administrative transaction related to tax compliance rather than a market-driven trade.

Positives

• The transaction was a routine administrative action to satisfy tax obligations rather than a discretionary sale of stock.
• The CEO retains a significant equity stake of over 2.5 million shares, aligning his interests with shareholders.

Negatives

• The reduction in total shares held by the CEO, albeit for tax purposes, decreases his direct equity position.

Risks

• Reliance on equity-based compensation for executive retention may lead to periodic share dilution or tax-related selling pressure.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Management Comments

• The filing notes that the transaction represents shares of Common Stock withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.

Industry Context

StockSavvy.ai notes that this is a standard regulatory disclosure for executive compensation and does not reflect a change in the company's strategic direction or market outlook.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon RSU vesting is a standard corporate governance procedure for publicly traded technology companies.
• The CEO's ownership level remains consistent with industry norms for founders and top executives in the quantum computing sector.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax withholding event.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

D-Wave Quantum, QBTS, Insider Transaction, Form 4, Alan Baratz, Equity Compensation