Form 4: D-Wave Director Steven M. West Reports Acquisition of Restricted Stock Units

Director Steven M. West reports acquisition of 106,626 restricted stock units and indirect ownership of 24,659 common stock shares through Emerging Company Partners LLC.

Summary

• On June 6, 2024, Steven M. West, a director of D-Wave Quantum Inc., reported acquiring 106,626 restricted stock units (RSUs).
• Each RSU represents the right to receive one share of D-Wave Quantum Inc. common stock.
• These RSUs will vest on May 31, 2025, contingent upon Mr. West's continued service to the company.
• Mr. West also reported indirect beneficial ownership of 24,659 shares of common stock through Emerging Company Partners LLC, an entity he controls.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by a director is generally a good sign, indicating confidence in the company's future. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting schedule tied to continued service aligns the director's interests with the long-term success of the company.

Future Outlook

The vesting of the restricted stock units on May 31, 2025, is contingent upon the reporting person's continued service to the Issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and insider ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation, including restricted stock units, is a common practice among publicly traded companies, especially in the technology sector, to incentivize and retain key personnel.
• Companies like Google (Alphabet Inc.) and Microsoft also use RSUs as part of their compensation packages for directors and executives.
• The vesting schedules and terms of these RSUs are generally aligned with industry standards to ensure long-term commitment and performance.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with the company's long-term success.
• Employees may view this as a positive sign of leadership's commitment to the company.

Key Dates