Form 4: D-Wave Quantum Director Sells Shares Under 10b5-1 Plan

D-Wave Quantum Inc. Director John D. DiLullo reported the sale of 7,850 shares of common stock, executed automatically under a pre-established Rule 10b5-1 trading plan.

Summary

• John D. DiLullo, a Director at D-Wave Quantum Inc. (QBTS), has reported a transaction involving the sale of 7,850 shares of common stock.
• The sale occurred on June 5, 2026, and was conducted under a Rule 10b5-1 trading plan adopted by Mr. DiLullo on June 15, 2025.
• The weighted average sale price for these shares was $24.4343, with individual transactions ranging from $23.33 to $26.28.
• Following this transaction, Mr. DiLullo beneficially owns 21,310 shares of common stock, which includes 9,357 unvested restricted stock units.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the insider sale, although it was conducted under a pre-approved plan, mitigating immediate concerns about market timing.

Negatives

• Director John D. DiLullo sold a significant number of shares (7,850) of D-Wave Quantum Inc. common stock.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future company performance. It solely reports a past transaction.

Industry Context

StockSavvy.ai notes that insider sales, particularly those executed under Rule 10b5-1 plans, are common for executives and directors to diversify holdings or manage personal finances. While this specific transaction is a routine disclosure, significant or frequent sales by multiple insiders could signal concerns about future stock performance.

Stakeholder Impact

• Shareholders may view the sale by a director with some caution, although the Rule 10b5-1 plan suggests it was pre-planned and not based on immediate non-public information.

Key Dates

Keywords

D-Wave Quantum Inc., QBTS, Form 4, Insider Trading, Rule 10b5-1, Stock Sale, Director Transaction, Beneficial Ownership