Form 4: D-Wave Quantum CEO Alan Baratz Reports Stock Transactions
SEC Form 4 Filing
D-Wave Quantum's CEO, Alan Baratz, reports the acquisition and disposal of company stock and stock options related to tax obligations and financial planning.
Summary
- Alan Baratz, the President & CEO of D-Wave Quantum Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 20, 2025, 19,023 shares of Common Stock were disposed of to satisfy tax withholding requirements at a price of $13.15.
- On May 21, 2025, Baratz exercised options to acquire 845,813 shares of Common Stock at a price of $0.91.
- Also on May 21, 2025, 845,813 shares were sold at $17 per share for financial and tax planning purposes.
- Following these transactions, Baratz directly owns 2,866,412 shares of Common Stock, which includes 1,281,773 unvested restricted stock units.
- Baratz also holds options to purchase 2,074,395 shares at $0.91 and 213,232 shares at $0.846.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation and financial planning in publicly listed companies.
- The details provided in the Form 4 are consistent with standard reporting requirements set by the SEC.
- Comparable companies such as Rigetti Computing (RGTI) and IonQ (IONQ) also have similar filings when their executives trade company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
- The transactions reflect the CEO's financial planning and compliance with tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Disposal of 19,023 shares of Common Stock to satisfy tax withholding requirements. |
| 05/21/2025 | Exercise of options to acquire 845,813 shares of Common Stock and sale of 845,813 shares for financial and tax planning purposes. |
| 05/22/2025 | Date of signature for the Form 4 filing. |
| 05/05/2030 | Expiration date for stock options to buy 845,813 shares of common stock at $0.91. |
| 01/10/2034 | Expiration date for stock options to buy 213,232 shares of common stock at $0.846. |
Keywords
Form 4, beneficial ownership, stock options, stock disposal, stock acquisition, D-Wave Quantum, Alan Baratz, QBTS
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