Form 4: D-Wave Legal Officer Sells Shares for Tax
Insider Transaction Report
D-Wave Quantum Inc.'s EVP, Chief Legal Officer & GC, Diane Nguyen, disposed of 2,501 shares of common stock to cover tax obligations related to restricted stock unit vesting.
Summary
- Diane Nguyen, EVP, Chief Legal Officer & GC of D-Wave Quantum Inc. (QBTS), reported a transaction on September 15, 2025.
- The transaction involved the disposition of 2,501 shares of Common Stock.
- These shares were withheld by the Issuer to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
- The disposition occurred at a price of $17.76 per share.
- Following this transaction, Diane Nguyen beneficially owns 609,672 shares of Common Stock.
- The total beneficial ownership includes 287,854 shares of unvested restricted stock units.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This filing reports a routine insider transaction related to executive compensation and tax obligations, which is common across all industries and does not reflect specific industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine, non-discretionary transaction related to executive compensation and tax obligations, not a sale driven by a change in confidence.
Key Dates
| Date | Description |
|---|---|
| 09/15/2025 | Date of transaction (disposition of shares for tax withholding). |
| 09/17/2025 | Date the Form 4 was signed and filed. |
Recommendation
holdThe Form 4 reports a routine disposition of shares by an executive to cover tax obligations upon restricted stock unit vesting. This is a common occurrence and does not reflect a change in the company's fundamentals or the executive's confidence in the company. Therefore, it does not warrant a change in investment recommendation.
Keywords
D-Wave Quantum, QBTS, Diane Nguyen, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock
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