Form 4: D-Wave Quantum Executive Reports Tax Withholding Sale

EVP and Chief Legal Officer Diane Nguyen reported the withholding of 4,066 shares of D-Wave Quantum common stock to satisfy tax obligations.

Summary

• Diane Nguyen, EVP and Chief Legal Officer of D-Wave Quantum Inc., executed a transaction on April 13, 2026.
• The transaction involved the withholding of 4,066 shares of common stock by the issuer.
• The shares were withheld at a price of $14.25 per share to satisfy tax withholding requirements related to the vesting of restricted stock units.
• Following this transaction, the reporting person maintains a beneficial ownership of 559,608 shares, which includes 213,046 unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax transaction rather than a strategic or market-driven move.

Positives

• The transaction is a routine administrative action related to tax obligations upon the vesting of equity compensation, rather than a discretionary market sale.

Negatives

• The transaction results in a minor reduction in the direct shareholding of a key executive.

Risks

• None identified; this is a standard regulatory disclosure for executive compensation tax compliance.

Future Outlook

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

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory requirement for corporate insiders and does not reflect a change in the company's strategic direction or market sentiment.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for handling tax obligations on vested equity awards among publicly traded technology firms.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a non-discretionary tax withholding event.

Key Dates

Keywords

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