4/A: D-Wave Quantum CEO Alan Baratz Corrects Stock Acquisition Report

Alan Baratz, CEO of D-Wave Quantum Inc., files an amended Form 4/A to correct the number of shares acquired on January 10, 2024, due to an administrative error.

Summary

• Alan Baratz, the President and CEO of D-Wave Quantum Inc., filed an amended Form 4/A with the SEC to correct a previous report regarding the acquisition of company stock.
• The amendment addresses an overreporting of shares acquired on January 10, 2024.
• The corrected filing states that Mr. Baratz acquired 101,664 shares of Common Stock on January 10, 2024, at a price of $0.
• This corrects the previously reported amount of 5,805 shares.
• Following the corrected transaction, Mr. Baratz beneficially owns 2,439,164 shares of D-Wave Quantum Inc.
• This total includes 1,550,000 unvested restricted stock units (RSUs) granted in October 2022 and March 2023, which vest over time.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it indicates a past error, the prompt correction is a positive sign of management's commitment to transparency. Therefore, the sentiment is neutral to slightly positive.

Negatives

• The initial report contained an administrative error, leading to an overreporting of acquired shares.

Industry Context

This filing is a routine disclosure related to insider trading and beneficial ownership, which is standard practice for publicly traded companies. It doesn't necessarily reflect broader industry trends but ensures transparency in executive compensation and stock ownership.

Stakeholder Impact

• The correction ensures accurate information for shareholders regarding executive stock ownership.

Key Dates