4/A: D-Wave Quantum CEO Alan Baratz Amends SEC Filing to Clarify Tax Withholding
SEC Form 4/A Amendment
Alan Baratz, CEO of D-Wave Quantum Inc., amended a previous SEC filing to correct the transaction code and clarify that shares were withheld to satisfy tax obligations related to vesting restricted stock units.
Summary
- Alan Baratz, the President and CEO of D-Wave Quantum Inc., filed an amendment to a Form 4 previously submitted on January 27, 2025.
- The amendment corrects the transaction code from 'S' to 'F' and clarifies that 8,372 shares of Common Stock were withheld by the issuer on January 23, 2025, at a price of $5.27, to satisfy tax withholding requirements related to the vesting of restricted stock units.
- Following the transaction, Baratz beneficially owns 2,342,208 shares, which includes 843,750 unvested restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common for publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and share ownership.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of the transaction where shares were withheld for tax purposes. |
| 01/27/2025 | Date of the original Form 4 filing. |
| 02/07/2025 | Date of the amended filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.