Form 4: D-Wave Quantum CEO Alan Baratz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
D-Wave Quantum Inc. CEO Alan Baratz sold 8,372 shares of common stock on January 23, 2025, to cover statutory tax withholding obligations related to the vesting of restricted stock units.
Summary
- On January 23, 2025, Alan Baratz, the President and CEO of D-Wave Quantum Inc., sold 8,372 shares of common stock at a price of $5.27 per share.
- The sale was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Baratz directly owns 2,342,208 shares of D-Wave Quantum Inc., which includes 843,750 unvested restricted stock units.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't inherently indicate positive or negative sentiment. It's a neutral event in the context of executive compensation.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and do not necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 01/23/2025 | Date of the stock sale transaction. |
| 01/27/2025 | Date of signature on the Form 4 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.