Form 4: D-Wave Director Roger Biscay Reports Acquisition of Restricted Stock Units

Director Roger Biscay reports acquisition of 106,626 restricted stock units in D-Wave Quantum Inc.

Summary

• On June 6, 2024, Roger Biscay, a director of D-Wave Quantum Inc., reported the acquisition of 106,626 restricted stock units (RSUs).
• These RSUs represent the right to receive one share of Common Stock of the Issuer for each unit.
• The RSUs will vest on May 31, 2025, contingent upon Biscay's continued service to the Issuer.
• Following the transaction, Biscay directly owns 218,822 shares of D-Wave Quantum Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock units being granted, which is neither overtly positive nor negative.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units is contingent upon the reporting person's continued service to the Issuer, suggesting an expectation of ongoing involvement and contribution.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership and alignment of interests.

Key Dates