Form 4: D-Wave Quantum Executive Executes Planned Stock Sale

Executive Vice President and CHRO Sophie C. Ames sold 3,070 shares of D-Wave Quantum common stock via a 10b5-1 plan.

Summary

• Sophie C. Ames, Executive Vice President and CHRO of D-Wave Quantum, sold 3,070 shares of common stock.
• The transaction occurred on April 20, 2026, at a weighted average price of $21.3513 per share.
• The sale was executed automatically under a Rule 10b5-1 trading plan adopted on June 13, 2025, and modified on September 12, 2025.
• Following the transaction, the reporting person retains beneficial ownership of 643,678 shares, which includes 639,179 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a small fraction of the executive's total holdings.

Positives

• The sale was conducted through a pre-arranged Rule 10b5-1 trading plan, indicating the transaction was not based on non-public information.

Negatives

• The sale represents a reduction in the executive's direct equity stake in the company.

Risks

• The reporting person holds a significant portion of their beneficial ownership (639,179 out of 643,678 shares) in unvested restricted stock units, which are subject to future vesting conditions.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Management Comments

• The transaction was executed automatically pursuant to a Rule 10b5-1 trading plan.

Industry Context

StockSavvy.ai notes that routine insider selling via 10b5-1 plans is a standard practice for corporate executives to manage personal liquidity and is generally viewed as neutral by the market.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for executives to avoid potential conflicts of interest regarding insider trading regulations.
• The volume of shares sold is relatively minor compared to the total beneficial ownership of the executive.

Stakeholder Impact

• Minimal impact on shareholders as the sale was pre-planned and limited in volume.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

D-Wave Quantum, QBTS, Insider Trading, Form 4, Rule 10b5-1, Executive Compensation