Form 4: D-Wave Quantum CFO John M. Markovich Sells Shares to Cover Tax Obligations

D-Wave Quantum's CFO, John M. Markovich, sold a small portion of his common stock holdings to cover statutory tax withholding obligations related to vesting restricted stock units.

Summary

• On January 23, 2025, John M. Markovich, the Chief Financial Officer of D-Wave Quantum Inc., sold 5,582 shares of common stock at a price of $5.27 per share.
• This transaction was executed to cover statutory tax withholding obligations associated with the vesting of restricted stock units.
• The sale was mandated by D-Wave Quantum's equity incentive plans, which require a 'sell to cover' transaction to satisfy these tax obligations.
• Following the transaction, Markovich still beneficially owns 1,064,556 shares of D-Wave Quantum Inc., which includes 481,250 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (tax-related stock sale) and doesn't suggest any significant positive or negative sentiment. It's a neutral event in the context of the company's overall performance.

Positives

• The transaction is a standard 'sell to cover' arrangement for tax obligations, indicating a normal course of equity compensation management.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance or prospects.

Management Comments

• The sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of statutory tax withholding obligations to be funded by a 'sell to cover' transaction and does not represent a discretionary trade by the Reporting Person.

Industry Context

Executive stock sales for tax purposes are a common practice and generally don't indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.

Key Dates