Form 4: D-Wave CFO John Markovich Executes Stock Sale

D-Wave Quantum Inc. Chief Financial Officer John M. Markovich sold 246,043 shares of common stock in mid-June 2026.

Summary

• CFO John M. Markovich sold a total of 246,043 shares of D-Wave Quantum Inc. common stock between June 12 and June 15, 2026.
• The sales were executed at weighted average prices ranging from $23.37 to $25.75 per share.
• An additional 10,584 shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock units.
• Following these transactions, the reporting person retains beneficial ownership of 1,132,236 shares, which includes 420,872 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the filing represents routine insider activity rather than a fundamental shift in corporate strategy or financial health.

Positives

• The reporting person maintains a significant remaining equity stake of over 1.1 million shares in the company.

Negatives

• The sale represents a notable reduction in the direct equity holdings of a key executive officer.

Risks

• Insider selling can sometimes be perceived by the market as a lack of confidence in the short-term stock performance or future valuation.

Future Outlook

The filing does not provide forward-looking financial guidance or strategic outlooks.

Industry Context

StockSavvy.ai notes that insider selling by C-suite executives is a common practice for liquidity or tax planning purposes and does not necessarily reflect a change in the company's fundamental business trajectory or quantum computing market position.

Comparison to Industry Standards

• Insider transactions are standard regulatory disclosures for publicly traded companies in the technology sector.
• The volume of shares sold is consistent with typical executive compensation and tax management activities observed in similar growth-stage technology firms.

Stakeholder Impact

• Shareholders should note the change in insider ownership levels.
• No direct impact on employees, customers, or suppliers.

Next Steps

• Continued monitoring of future Form 4 filings for further insider activity.

Key Dates

Keywords

D-Wave Quantum, QBTS, Insider Trading, Form 4, CFO, Equity Sale