Form 4: D-Wave CFO John Markovich Executes Tax Withholding Sale

D-Wave Quantum Inc. CFO John M. Markovich disposed of 8,607 shares to satisfy tax obligations related to RSU vesting.

Summary

• CFO John M. Markovich reported the disposition of 8,607 shares of D-Wave Quantum Inc. (QBTS) common stock.
• The transaction occurred on April 13, 2026, at a price of $14.25 per share.
• The shares were withheld by the company to satisfy tax withholding requirements associated with the vesting of restricted stock units (RSUs).
• Following this transaction, the reporting person maintains beneficial ownership of 1,442,820 shares, which includes 447,770 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the transaction is purely administrative and related to tax compliance rather than a strategic shift or market-driven divestment.

Positives

• The transaction was a routine administrative action to cover tax liabilities rather than a discretionary sale of equity.
• The reporting person retains a significant equity stake of 1,442,820 shares, indicating continued alignment with shareholder interests.

Negatives

• The reduction in total shares held by the CFO, though minor and non-discretionary, represents a decrease in direct holdings.

Risks

• The company remains subject to the inherent volatility of the quantum computing sector and the execution risks associated with scaling commercial operations.

Future Outlook

The filing does not provide forward-looking guidance regarding company operations or financial performance.

Industry Context

StockSavvy.ai notes that tax-related share withholding is a standard corporate governance practice for executives receiving equity-based compensation and does not typically signal a change in management sentiment regarding the company's future prospects.

Comparison to Industry Standards

• The transaction follows standard industry practices for executive compensation and tax compliance among publicly traded technology firms.
• The retention of a large portion of equity by the CFO is consistent with long-term incentive structures seen in high-growth quantum computing companies.

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

QBTS, D-Wave Quantum, Insider Transaction, Form 4, CFO, Tax Withholding, Quantum Computing