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

D-Wave Quantum Inc.'s CFO, John M. Markovich, sold 7,994 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported a sale of common stock.
• The transaction involved the disposition of 7,994 shares of Common Stock, par value $0.0001 per share, on October 14, 2025.
• The shares were sold at a weighted average price of $43.7434 per share, with individual sales ranging from $43.65 to $44.06.
• This sale was mandated to cover statutory tax withholding obligations in connection with the vesting of restricted stock units and does not represent a discretionary trade by Mr. Markovich.
• Following the reported transaction, Mr. Markovich beneficially owns 1,580,934 shares, which includes 764,065 shares of unvested restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' to satisfy statutory tax withholding obligations upon restricted stock unit vesting, not a discretionary sale, indicating a neutral sentiment regarding company performance or management's outlook.

Industry Context

This transaction is a routine 'sell to cover' event, common across industries for executives receiving equity compensation, and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The sale is a non-discretionary event for tax purposes and is unlikely to signal a change in management's confidence or have a significant impact on shareholder sentiment.

Key Dates

Recommendation

The reported transaction is a non-discretionary 'sell to cover' sale to meet tax obligations on vested restricted stock units. It does not reflect a change in management's investment sentiment or the company's fundamental outlook, thus providing no new information to alter an existing investment thesis.

Keywords

D-Wave Quantum, QBTS, Form 4, Insider Transaction, Stock Sale, CFO, Restricted Stock Units, Tax Withholding, Equity Incentive Plan