Form 4: D-Wave Quantum CEO Alan Baratz Trades Shares

D-Wave Quantum Inc. President & CEO Alan Baratz reported transactions involving company stock, including acquisitions and sales, on June 8, 2026.

Summary

• Alan Baratz, President & CEO of D-Wave Quantum Inc., engaged in several stock transactions on June 8, 2026.
• These transactions included the acquisition of 474,395 shares of Common Stock at $0.91 per share and 213,232 shares at $0.846 per share.
• Additionally, Mr. Baratz sold 687,627 shares of Common Stock at a weighted average price of $26.13 per share.
• The sales were conducted for financial and tax planning purposes.
• Following these transactions, Mr. Baratz beneficially owns 3,299,771 shares of Common Stock directly.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing due to the CEO selling a significant number of shares, even though it's attributed to financial planning. The large gain realized by the CEO is positive for him but can be a mixed signal for investors.

Positives

• Acquisition of 474,395 shares at $0.91 and 213,232 shares at $0.846 indicates continued investment or compensation related to stock options.
• The weighted average sale price of $26.13 per share suggests a significant increase in stock value since the options were granted or acquired.

Negatives

• Sale of 687,627 shares of Common Stock by the CEO could be interpreted as a lack of confidence in future price appreciation, despite being for planning purposes.
• The significant difference between the acquisition price of options and the sale price of shares highlights potential dilution or a substantial increase in the company's stock valuation.

Risks

• The sales were executed for financial and tax planning purposes, which is a standard disclosure but can still be perceived negatively by the market.
• The weighted average sale price of $26.13 per share for shares acquired at much lower prices ($0.91 and $0.846) indicates a substantial gain for the CEO, but also raises questions about the sustainability of such a valuation.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• The sales reported in this Form 4 were effected for financial and tax planning purposes.
• Full information regarding the number of shares sold at each separate price will be supplied upon request by Securities and Exchange Commission Staff, the Issuer or a security holder of the Issuer.

Industry Context

StockSavvy.ai notes that insider selling, even when attributed to financial planning, can sometimes be a signal that investors watch closely, especially in growth-oriented technology sectors like quantum computing where valuations can be volatile.

Stakeholder Impact

• Shareholders: May interpret the CEO's sale as a negative signal, potentially impacting short-term stock price, despite the stated reasons.
• Employees: May view the sale as a sign of confidence in the company's valuation, or conversely, as an opportunity for leadership to cash out.
• Creditors: Unlikely to be directly impacted by this specific transaction.

Next Steps

• The company may receive requests for full information regarding the sales prices from regulatory bodies, the issuer, or security holders.
• Investors may monitor future transactions by Alan Baratz and other insiders for further insights into management's confidence in the company's prospects.

Key Dates

Recommendation

The filing reports insider transactions, specifically a sale by the CEO. While the sale is for financial and tax planning, the volume of shares sold is significant. The substantial gain realized by the CEO from option exercises to sale is positive for him but could be viewed with caution by investors. Without further financial performance data or strategic updates, a 'hold' recommendation is prudent, suggesting investors monitor future filings and company performance before making a decisive move.

Keywords

D-Wave Quantum, QBTS, Alan Baratz, Form 4, Insider Trading, Stock Options, Common Stock, Beneficial Ownership, SEC Filing, Executive Transactions