Form 4: D-Wave Quantum Director Rohit Ghai Granted Restricted Stock Units

D-Wave Quantum Inc. Director Rohit Ghai was granted 14,260 restricted stock units (RSUs) as part of his compensation, aligning his interests with shareholders.

Summary

• Rohit Ghai, a Director of D-Wave Quantum Inc. (QBTS), was granted 14,260 restricted stock units (RSUs) on June 5, 2025.
• Each RSU represents the right to receive one share of D-Wave Quantum's Common Stock, par value $0.0001 per share.
• The RSUs were granted at a price of $0 per unit, which is typical for RSU compensation.
• These RSUs are scheduled to vest on May 31, 2026, contingent upon Mr. Ghai's continued service to the Issuer.
• Following this transaction, Rohit Ghai beneficially owns a total of 101,295 shares of D-Wave Quantum Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects standard compensation practices that align director interests with shareholders, indicating stability and ongoing commitment from leadership. It's not highly impactful but is a positive signal of governance and incentive structure.

Positives

• The grant of restricted stock units to Director Rohit Ghai aligns his long-term interests with those of the company's shareholders, incentivizing continued performance and commitment.
• RSU grants are a common and effective method of non-cash compensation for directors, preserving cash flow for the company's operations.

Risks

• The vesting of the 14,260 restricted stock units is subject to Rohit Ghai's continued service to D-Wave Quantum Inc. until May 31, 2026, meaning the shares are not guaranteed if his service ceases before that date.

Future Outlook

The future outlook related to this filing primarily involves the vesting of the granted restricted stock units on May 31, 2026, which will convert into common stock shares for Director Rohit Ghai, provided he continues his service to the company.

Industry Context

The grant of restricted stock units to a director is a standard practice in the technology and quantum computing sectors, serving as a key component of executive and director compensation packages. This method is widely used to attract and retain talent, aligning the interests of key personnel with the long-term performance of the company and its shareholders.

Comparison to Industry Standards

• The grant of restricted stock units (RSUs) at a $0 price is a standard form of equity compensation for directors across various industries, including technology and emerging sectors like quantum computing.
• Companies such as IBM (which has a quantum computing division), Google (Alphabet), and Microsoft frequently utilize RSU grants for their directors and executives to incentivize long-term commitment and performance.
• The vesting schedule, contingent on continued service, is also a common feature designed to retain talent and ensure alignment with company objectives over a specified period.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with shareholder value creation, as the value of the RSUs is tied to the company's stock performance.
• Employees: While not directly impacting all employees, this type of compensation structure for leadership can set a precedent for performance-based incentives within the company.

Next Steps

• The 14,260 restricted stock units are scheduled to vest on May 31, 2026, converting into common stock shares for Rohit Ghai, subject to his continued service.

Key Dates

Recommendation

Keywords

D-Wave Quantum, QBTS, Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Grant, Quantum Computing