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 $17.6168 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 March 16, 2026, at a weighted average sale price of $17.6168 per share.
• The total value of the shares sold was approximately $176,168.
• 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 27,778 shares of Common Stock directly, which includes 14,260 shares of unvested restricted stock units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly negative event. While an insider sale reduces direct ownership, the execution under a pre-arranged 10b5-1 plan mitigates concerns that the sale is based on new, negative information, suggesting it's for personal financial planning.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on new, undisclosed material information.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by investors as it reduces the insider's direct equity stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 trading plans are a common practice for corporate executives and directors. These plans allow insiders to sell shares at pre-determined times or prices to manage personal finances, diversify portfolios, or for liquidity needs, while avoiding accusations of trading on material non-public information.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan for insider transactions is a standard corporate governance practice, widely adopted by executives across various industries to ensure compliance with insider trading regulations.

Stakeholder Impact

• Shareholders may interpret the sale as a signal, though the 10b5-1 plan suggests it's not performance-driven. It reduces the director's direct equity alignment with other shareholders.

Key Dates

Keywords

D-Wave Quantum Inc., QBTS, Rohit Ghai, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Director Transaction