Form 4: D-Wave Quantum CFO Sells Shares to Cover Tax Obligations

D-Wave Quantum's Chief Financial Officer, John M. Markovich, sold 86,079 shares of common stock to cover tax obligations.

Summary

• John M. Markovich, the Chief Financial Officer of D-Wave Quantum Inc., sold 86,079 shares of common stock on December 4, 2024.
• The sale was executed at a price of $2.76 per share.
• This transaction was conducted to cover tax obligations related to the vesting of restricted stock units.
• Following the transaction, Markovich beneficially owns 1,070,138 shares of D-Wave Quantum common stock, which includes 493,750 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine transaction for a company executive to cover tax obligations related to stock awards. It is common for executives to sell shares after vesting to cover taxes.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of shares by a CFO is not unusual and is often part of a pre-planned strategy to manage personal finances and tax liabilities.
• Similar transactions are regularly reported by executives at other tech companies, such as those in the software and hardware sectors.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on the stock price, but it is unlikely to be significant given the routine nature of the transaction.
• Shareholders may view this as a normal part of executive compensation and tax planning.

Key Dates

Keywords

D-Wave Quantum, QBTS, John M. Markovich, Chief Financial Officer, stock sale, insider trading, tax obligations, restricted stock units