Form 4: D-Wave Quantum Inc. CEO Alan Baratz Reports Acquisition of Restricted Stock Units
SEC Filing
D-Wave Quantum Inc.'s CEO, Alan Baratz, reports the acquisition of restricted stock units.
Summary
- Alan Baratz, the President & CEO of D-Wave Quantum Inc., filed a Form 4 on May 5, 2025.
- The report details changes in his beneficial ownership of the company's securities.
- On May 1, 2025, Baratz acquired 580,117 restricted stock units (RSUs) at a price of $0.
- These RSUs vest in equal quarterly installments starting January 1, 2025, and ending December 31, 2027, contingent upon his continued service to the Issuer.
- Following the reported transaction, Baratz beneficially owns 2,885,435 shares of Common Stock, which includes 1,281,774 shares of unvested restricted stock units.
- The vested shares from the May RSU Grant have not yet been delivered.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs is generally viewed positively as it aligns management's interests with shareholders, but it's not a major event.
Positives
- The acquisition of restricted stock units by the CEO aligns his interests with the long-term success of the company.
- The vesting schedule incentivizes continued service and commitment from the CEO.
Future Outlook
The vesting of the restricted stock units over time suggests an expectation of continued leadership and value creation by the CEO.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of RSUs by the CEO aligns his interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
- Employees may view the CEO's equity stake as a positive sign of commitment to the company's future.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of transaction: Acquisition of restricted stock units. |
| 01/01/2025 | Start date for quarterly vesting of RSUs. |
| 05/05/2025 | Date of Form 4 filing. |
| 12/31/2027 | End date for quarterly vesting of RSUs. |
Keywords
Form 4, D-Wave Quantum Inc., Alan Baratz, restricted stock units, beneficial ownership, QBTS, CEO, equity securities
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