Form 4: D-Wave Quantum Inc. CEO Alan Baratz Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Alan Baratz, CEO of D-Wave Quantum Inc., disposed of 7,379 shares of common stock on July 22, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On July 26, 2024, Alan Baratz, the President & CEO of D-Wave Quantum Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on July 22, 2024, where 7,379 shares of Common Stock were disposed of at a price of $1.02 per share.
- This transaction was executed to cover tax obligations.
- Following the transaction, Baratz directly owns 2,702,272 shares of D-Wave Quantum Inc.
- This includes 1,756,250 shares of unvested restricted stock units (RSUs) vesting at various dates in the future.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions. It doesn't convey any strong positive or negative sentiment about the company's performance or future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect the company's overall performance or industry trends but provides transparency into executive stock transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by the CEO for tax purposes.
Key Dates
| Date | Description |
|---|---|
| October 27, 2022 | Grant date of 1,250,000 RSUs, vesting in installments on October 27, 2024, and October 27, 2025. |
| March 27, 2023 | Grant date of 206,250 RSUs, vesting quarterly at a rate of 6.25% beginning September 27, 2024. |
| March 27, 2024 | Grant date of 300,000 RSUs, vesting in installments on March 27, 2025, and quarterly at a rate of 6.25% beginning June 27, 2025. |
| July 22, 2024 | Date of the transaction where 7,379 shares were disposed of. |
| July 26, 2024 | Date the Form 4 was signed. |
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