Form 4: D-Wave Quantum: Alan Baratz Reports Stock Transactions

D-Wave Quantum Inc. reports changes in beneficial ownership for President & CEO Alan Baratz, including stock withholding for tax purposes and RSU holdings.

Summary

• Alan Baratz, President & CEO and Director of D-Wave Quantum Inc. (QBTS), reported a transaction on May 13, 2026.
• 18,542 shares of Common Stock were withheld by the Issuer to cover tax withholding requirements related to the vesting of restricted stock units (RSUs).
• Following this transaction, Baratz beneficially owns 3,299,771 shares of Common Stock.
• This total includes 1,270,221 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a standard insider transaction related to executive compensation and tax obligations, without indicating significant positive or negative developments for the company's stock.

Positives

• Alan Baratz continues to hold a significant beneficial ownership in D-Wave Quantum Inc., with over 3.29 million shares.
• The company is managing tax obligations related to RSU vesting, indicating ongoing equity-based compensation and employee engagement.

Negatives

• The transaction involves shares being withheld for tax purposes, which reduces the immediate net shares available to the reporting person.

Risks

• The filing does not explicitly mention any new risks. However, the reliance on RSUs for compensation could be subject to stock price volatility, impacting employee incentives.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, which is a statement of changes in beneficial ownership.

Management Comments

• Signature of Reporting Person: /s/ Alan Baratz

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving executive compensation like RSU vesting and tax withholding, are common in the technology sector. D-Wave Quantum operates in the quantum computing space, a rapidly evolving field where equity incentives are crucial for attracting and retaining talent.

Stakeholder Impact

• Shareholders: The transaction itself is unlikely to have a direct, immediate impact on share price, but it confirms ongoing executive compensation practices.
• Employees: The vesting of RSUs and subsequent tax withholding is a standard part of compensation for executives and potentially other employees.
• Management: Alan Baratz's continued beneficial ownership reinforces his stake and commitment to the company.

Next Steps

• Continued monitoring of insider transactions for D-Wave Quantum Inc. to understand executive confidence and potential stock movements.

Key Dates

Keywords

D-Wave Quantum, QBTS, Form 4, Alan Baratz, Beneficial Ownership, Restricted Stock Units, RSUs, Insider Transaction, Stock Withholding, Executive Compensation