Form 4: D-Wave CFO Sells Shares for Tax Obligations

D-Wave Quantum Inc.'s CFO, John M. Markovich, disposed of 10,583 shares of common stock to cover tax withholding requirements related to restricted stock unit vesting.

Summary

• John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported a transaction on September 15, 2025.
• The transaction involved the disposition of 10,583 shares of Common Stock, par value $0.0001 per share.
• These shares were withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
• The price per share for the disposition was $17.76.
• Following this transaction, Mr. Markovich beneficially owns 1,588,928 shares of Common Stock.
• This beneficial ownership includes 785,940 shares of unvested restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations upon the vesting of restricted stock units, which is a common practice for executive compensation and does not typically indicate a change in company fundamentals or management's outlook.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and is unlikely to have a significant direct impact on shareholder value or perception. It represents a small fraction of the CFO's total holdings.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by the CFO to cover tax obligations arising from RSU vesting. Such transactions are common and generally do not reflect a change in the insider's confidence in the company or its future prospects. Therefore, it does not provide new information that would warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

D-Wave Quantum Inc., QBTS, John M. Markovich, CFO, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, RSU Vesting