4/A: D-Wave Quantum Director Corrects Share Acquisition Report After Clerical Error

A D-Wave Quantum director, Sharon E Holt, has amended a previous filing to correct the number of shares acquired due to a clerical error.

Summary

• Sharon E Holt, a director at D-Wave Quantum Inc., filed an amended Form 4/A to correct a previously reported share acquisition.
• The original filing incorrectly stated that 68,579 shares were acquired on November 22, 2024.
• The corrected filing shows that the actual number of shares acquired was 61,079.
• The amendment was necessary due to an inadvertent clerical error.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error, which is a neutral event. The correction is positive as it shows transparency and adherence to regulations.

Negatives

• A clerical error led to an incorrect initial filing regarding share acquisitions.

Risks

• Clerical errors in financial reporting can lead to a lack of confidence from investors.

Industry Context

This type of filing is standard for company insiders who trade in their company's stock. The correction highlights the importance of accuracy in financial reporting.

Comparison to Industry Standards

• Form 4 filings are a standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies in the US.
• The need for a Form 4/A amendment due to a clerical error is not uncommon, and similar corrections are seen across various companies and industries.

Stakeholder Impact

• The correction ensures accurate information for shareholders and the public.

Key Dates

Keywords

D-Wave Quantum, Sharon E Holt, share acquisition, Form 4/A, clerical error, amendment, director, QBTS