Form 4: D-Wave Quantum CFO Reports Future Tax Withholding on RSU Vesting

D-Wave Quantum Inc.'s Chief Financial Officer, John M. Markovich, filed a Form 4 disclosing a future disposition of 8,607 shares of common stock on July 21, 2025, to cover tax obligations related to restricted stock unit vesting.

Summary

• John M. Markovich, Chief Financial Officer of D-Wave Quantum Inc. (QBTS), filed a Form 4.
• The filing reports a disposition of 8,607 shares of Common Stock.
• The transaction is scheduled for July 21, 2025.
• The shares were withheld by the Issuer at a price of $18.89 per share.
• This disposition is to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
• Following this transaction, John M. Markovich will beneficially own 1,558,753 shares, which includes 812,837 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary tax withholding transaction related to RSU vesting, which is a neutral event from an investment sentiment perspective.

Positives

• The disposition is a result of restricted stock units vesting, indicating compensation for the CFO.
• The transaction is a routine tax withholding, not a discretionary sale by the insider.

Negatives

• No direct negatives identified; the transaction is a standard tax withholding.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The filing reports a future, pre-scheduled transaction related to tax withholding for RSU vesting. It does not provide any broader forward-looking statements or guidance regarding the company's performance or strategic direction.

Management Comments

• No specific quotes or paraphrased statements from company management are provided beyond the signature confirming the filing.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax withholding related to equity compensation. It does not provide information relevant to broader industry trends or competitive analysis within the quantum computing sector.

Comparison to Industry Standards

• This filing details a standard tax withholding event for equity compensation, which is a common practice across industries for executives receiving restricted stock units. It does not provide financial or operational results that can be compared to specific companies or projects.

Related Party Transactions

• The transaction involves the withholding of shares by the Issuer (D-Wave Quantum Inc.) from its Chief Financial Officer to satisfy tax obligations, which is a standard compensation-related event and not typically classified as an unusual related-party transaction.

Stakeholder Impact

• Shareholders: Minimal direct impact, as it's a routine tax withholding and not a discretionary sale that might signal a change in insider confidence.
• Employees: Reflects standard equity compensation practices for executives.

Next Steps

• The reported transaction of 8,607 shares being withheld for tax purposes is expected to occur on July 21, 2025.

Key Dates

Keywords

D-Wave Quantum Inc., QBTS, Form 4, Insider Trading, Beneficial Ownership, Chief Financial Officer, John M. Markovich, Restricted Stock Units, Tax Withholding, Equity Compensation