Form 4: D-Wave Quantum Executive Reports Stock Withholding

EVP and Chief Legal Officer Diane Nguyen reported the withholding of 3,191 shares of D-Wave Quantum common stock to satisfy tax obligations.

Summary

• Diane Nguyen, EVP, Chief Legal Officer & GC of D-Wave Quantum Inc., executed a transaction on June 15, 2026.
• The transaction involved the withholding of 3,191 shares of common stock by the issuer.
• The shares were withheld at a price of $23.37 per share to satisfy tax withholding requirements related to the vesting of restricted stock units (RSUs).
• Following this transaction, the reporting person maintains beneficial ownership of 513,958 shares of common stock, which includes 198,684 unvested RSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of executive tax compliance that does not signal a change in corporate strategy or executive sentiment.

Positives

• The transaction reflects the vesting of equity compensation, indicating ongoing alignment between executive interests and long-term company performance.

Negatives

• The transaction represents a reduction in the total number of shares held by the executive, albeit for tax compliance purposes.

Risks

• The reporting person holds a significant portion of their position (198,684 shares) in unvested RSUs, which are subject to future performance or service conditions.

Future Outlook

No forward-looking guidance or strategic outlook was provided in this regulatory filing.

Industry Context

StockSavvy.ai notes that this is a routine administrative filing common in the technology sector, where equity-based compensation is a standard component of executive remuneration packages.

Comparison to Industry Standards

• The use of 'sell-to-cover' or share withholding for tax obligations is a standard practice for executives in publicly traded companies to manage tax liabilities upon RSU vesting.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard tax-related transaction rather than a discretionary sale of shares.

Next Steps

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

Key Dates

Keywords

D-Wave Quantum, QBTS, Form 4, Insider Trading, Equity Compensation, Tax Withholding