Form 4: D-Wave Director Sells 10,000 Shares Under 10b5-1 Plan

D-Wave Quantum Inc. Director Rohit Ghai sold 10,000 shares of common stock for a weighted average price of $24.2841 per share, executed under a pre-arranged 10b5-1 trading plan.

Summary

• Rohit Ghai, a Director of D-Wave Quantum Inc. (QBTS), reported the sale of 10,000 shares of Common Stock.
• The transaction occurred on December 15, 2025, at a weighted average sale price of $24.2841 per share.
• The shares were sold in multiple transactions with prices ranging from $23.60 to $26.55.
• The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted by Mr. Ghai on June 13, 2025.
• Following this transaction, Mr. Ghai beneficially owns 37,778 shares of Common Stock, which includes 14,260 shares of unvested restricted stock units.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction under a pre-arranged 10b5-1 plan, which is generally considered neutral in sentiment as it reflects planned liquidity rather than a reactive decision based on new information.

Stakeholder Impact

• Shareholders: A routine insider sale under a 10b5-1 plan typically has minimal direct impact on shareholder sentiment, as it is a pre-scheduled event rather than a signal of new information.

Key Dates

Keywords

D-Wave Quantum, QBTS, Insider Trading, Form 4, Stock Sale, Rohit Ghai, Director, 10b5-1 Plan