Form 4: D-Wave Legal Officer Sells Shares for Tax Obligations

D-Wave Quantum Inc.'s EVP, Chief Legal Officer & GC, Diane Nguyen, sold 2,733 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Diane Nguyen, EVP, Chief Legal Officer & GC of D-Wave Quantum Inc. (QBTS), reported a sale of common stock.
• On December 15, 2025, 2,733 shares of D-Wave Quantum Inc. common stock were sold.
• The shares were sold at a weighted average price of $23.8944 per share, with prices ranging from $23.8208 to $23.9002.
• This transaction was a "sell to cover" to satisfy statutory tax withholding obligations upon the vesting of restricted stock units.
• The sale was mandated by the Issuer's equity incentive plans and was not a discretionary trade by Ms. Nguyen.
• Following the transaction, Ms. Nguyen beneficially owns 563,309 shares of common stock, including 218,256 unvested restricted stock units.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary 'sell to cover' for tax purposes related to RSU vesting, which is a neutral event for the company's operational or financial performance.

Future Outlook

N/A. This filing does not contain forward-looking statements or guidance.

Industry Context

N/A. This insider transaction filing does not provide information relevant to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in management's view of the company's prospects.
• Employees: The vesting of restricted stock units is a standard component of executive compensation, reflecting the company's equity incentive plans.

Key Dates

Keywords

D-Wave Quantum Inc., QBTS, Insider Trading, Form 4, Diane Nguyen, Stock Sale, Restricted Stock Units, Tax Withholding, Sell to Cover, Corporate Officer