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

D-Wave Quantum Inc.'s CFO, John M. Markovich, sold 98,060 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), reported a sale of 98,060 shares of common stock on November 13, 2025.
• The shares were sold at a weighted average price of $23.1744 per share, with individual transaction prices ranging from $23.00 to $23.435.
• This transaction was a 'sell to cover' sale, mandated by the Issuer's equity incentive plans to satisfy statutory tax withholding obligations in connection with the vesting of restricted stock units.
• The sale does not represent a discretionary trade by Mr. Markovich.
• Following this transaction, Mr. Markovich beneficially owns 1,482,874 shares, which includes 545,315 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary 'sell to cover' for tax purposes related to RSU vesting, which is a routine event and does not reflect management's sentiment towards the company's future prospects. Therefore, the sentiment is neutral.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction (Form 4) related to compensation and tax obligations, specific to an individual executive. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The sale is a routine, non-discretionary event for tax purposes and is unlikely to have a significant impact on shareholder perception or the company's operational performance.
• Employees: The transaction reflects standard equity compensation practices for executives, which is common across many public companies.

Key Dates

Recommendation

This Form 4 reports a non-discretionary 'sell to cover' transaction by the CFO to satisfy tax obligations upon RSU vesting. Such routine transactions do not typically signal a change in the company's fundamental outlook or management's confidence, thus warranting no change to an existing investment position.

Keywords

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