Form 4: D-Wave Quantum CEO Alan Baratz Sells Shares to Cover Tax Obligations

D-Wave Quantum's CEO, Alan Baratz, sold a portion of his shares to cover tax obligations related to vesting restricted stock units.

Summary

• Alan Baratz, the President and CEO of D-Wave Quantum Inc., sold shares of common stock on December 4, 2024.
• The sales were executed to cover tax obligations associated with the vesting of restricted stock units.
• A total of 147,563 shares were sold at a price of $2.76 per share, reducing his holdings to 2,547,330 shares.
• An additional 196,750 shares were sold at the same price, further reducing his holdings to 2,350,580 shares.
• The remaining holdings include 1,362,500 and 862,500 unvested restricted stock units respectively.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider transactions. It does not indicate any positive or negative sentiment about the company's performance or future prospects.

Risks

• Significant sales of shares by a company's CEO could be perceived negatively by the market.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any change in the company's operations or outlook.

Comparison to Industry Standards

• Sales of shares by executives to cover tax obligations are a common practice across the technology industry.
• Many executives at publicly traded companies, such as those at Google (Alphabet), Microsoft, and Amazon, regularly sell shares for similar reasons.
• These transactions are typically disclosed through SEC filings like Form 4, ensuring transparency and compliance with regulations.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but it is unlikely to be significant given the routine nature of the transaction.

Key Dates

Keywords

D-Wave Quantum, Alan Baratz, stock sale, SEC Form 4, restricted stock units, tax obligations, insider trading