Form 4: D-Wave Quantum Director Sharon E. Holt Acquires 68,579 Restricted Stock Units

Director Sharon E. Holt of D-Wave Quantum Inc. was granted 68,579 restricted stock units, which will vest on May 31, 2025.

Summary

• Sharon E. Holt, a director at D-Wave Quantum Inc., acquired 68,579 restricted stock units on November 22, 2024.
• These restricted stock units represent the right to receive one share of common stock each.
• The units will vest on May 31, 2025, contingent upon Ms. Holt's continued service to the company.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate practice of granting equity to directors, which is generally viewed positively as it aligns interests. There are no negative implications or surprises.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term success of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest on May 31, 2025, subject to the reporting person's continued service to the Issuer.

Industry Context

This type of equity grant is a common practice for aligning the interests of directors with the long-term performance of the company, particularly in technology and growth-oriented sectors.

Comparison to Industry Standards

• Equity grants, such as restricted stock units, are a standard form of compensation for directors in publicly traded companies, particularly in the tech sector.
• Companies like Google (Alphabet), Microsoft, and Amazon also use similar equity-based compensation to incentivize their directors and align their interests with shareholders.
• The vesting period of approximately six months is a typical timeframe for such grants, ensuring continued service and commitment from the director.

Stakeholder Impact

• The grant of restricted stock units to a director can be seen positively by shareholders as it aligns the director's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, director, D-Wave Quantum, equity, stock, vesting