4/A: D-Wave Quantum CFO Corrects Share Acquisition Report

John M. Markovich, CFO of D-Wave Quantum Inc., files an amended Form 4/A to correct an underreporting of share acquisitions from January 10, 2024.

Summary

• John M. Markovich, the Chief Financial Officer of D-Wave Quantum Inc., filed an amended Form 4/A with the SEC.
• The amendment corrects an error in the original filing regarding the number of shares acquired on January 10, 2024.
• The corrected filing reports that Markovich acquired 67,168 shares of Common Stock on January 10, 2024, at a price of $0.
• The original filing underreported the acquisition by 6,272 shares due to an administrative error.
• Following the reported transaction, Markovich beneficially owns 1,026,668 shares, including unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily involves correcting a reporting error. While the error itself isn't positive, the correction demonstrates a commitment to accurate disclosure.

Positives

• The amended filing ensures accurate reporting of share acquisitions by the CFO.
• The correction addresses an inadvertent administrative error, promoting transparency.

Negatives

• The need for an amended filing indicates an initial error in reporting, which could raise concerns about internal controls.

Risks

• While the error is attributed to an administrative oversight, repeated errors in SEC filings could lead to increased scrutiny from regulators.

Industry Context

This filing is a routine disclosure related to insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of company executives.

Stakeholder Impact

• Accurate reporting of insider transactions is important for maintaining investor confidence.
• The correction of the error ensures that shareholders have a clear picture of the CFO's holdings.

Key Dates