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

Sophie C. Ames, Executive Vice President and CHRO of D-Wave Quantum Inc., sold 23,025 shares of common stock via a 10b5-1 plan.

Summary

• Sophie C. Ames, Executive Vice President and CHRO of D-Wave Quantum Inc. (QBTS), sold 23,025 shares of common stock.
• The transaction occurred on May 20, 2026, at a weighted average price of $18.9765 per share.
• The sale was executed automatically pursuant to 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 596,803 shares, which includes 543,750 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and executed through a standard 10b5-1 trading arrangement.

Positives

• The sale was conducted under a pre-established Rule 10b5-1 trading plan, indicating the transaction was non-discretionary and planned well in advance.

Negatives

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

Risks

• Insider selling can sometimes be perceived negatively by the market, potentially impacting short-term investor sentiment.

Future Outlook

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

Industry Context

StockSavvy.ai notes that insider sales executed via 10b5-1 plans are standard corporate practice for liquidity and diversification, and generally do not signal a change in management's outlook on the company's long-term prospects.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for corporate executives to sell shares while avoiding potential accusations of insider trading.
• The volume of shares sold relative to the total holdings is consistent with typical executive diversification strategies.

Stakeholder Impact

• Minimal impact expected as the sale was pre-planned and represents a small portion of the executive's total holdings.

Key Dates

Keywords

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