Form 4: D-Wave Quantum Director Sharon Holt Receives Significant RSU Grant

D-Wave Quantum Inc. Director Sharon Holt was granted 14,260 restricted stock units (RSUs) on June 5, 2025, which are set to vest on May 31, 2026.

Summary

• Sharon E. Holt, a Director of D-Wave Quantum Inc. (QBTS), acquired 14,260 shares of Common Stock on June 5, 2025.
• The acquisition was in the form of Restricted Stock Units (RSUs), where each RSU represents the right to receive one share of Common Stock.
• These RSUs will vest on May 31, 2026, contingent upon Ms. Holt's continued service to the Issuer.
• Following this transaction, Ms. Holt's beneficial ownership of Common Stock increased to 75,339 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a routine compensation event that aligns the director's interests with shareholder value, indicating continued commitment to the company. This is generally viewed as a positive, albeit non-material, signal.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their long-term interests with those of the shareholders, incentivizing sustained performance.
• This transaction indicates the continued commitment of a key director to D-Wave Quantum Inc.

Negatives

• The RSUs do not provide immediate liquidity or cash inflow to the director, as they are subject to a future vesting schedule.
• The ultimate value of the grant to the director is dependent on the future market price of D-Wave Quantum Inc.'s common stock.

Risks

• The vesting of the 14,260 RSUs is conditional on Sharon E. Holt's continued service to D-Wave Quantum Inc. until May 31, 2026, meaning the shares could be forfeited if service ceases before that date.

Future Outlook

The grant of Restricted Stock Units with a future vesting date implies an expectation of continued service from the director and aligns their incentives with the company's long-term performance and shareholder value creation.

Industry Context

Equity grants, such as Restricted Stock Units, are a common and standard form of compensation for directors and executives in publicly traded technology companies, including those in the quantum computing sector. This practice is widely used to attract, retain, and incentivize key personnel by aligning their financial interests with the long-term success and stock performance of the company.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: This transaction reflects standard compensation practices for board members, which can contribute to a stable and experienced leadership team.

Next Steps

• The 14,260 Restricted Stock Units granted to Sharon E. Holt are scheduled to vest on May 31, 2026, provided her continued service to D-Wave Quantum Inc.

Key Dates

Keywords

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