Form 4: D-Wave Quantum Inc. Director Emil Michael Reports Sale of Warrants

Director Emil Michael reports the sale of warrants and underlying common stock of D-Wave Quantum Inc. for financial and tax planning purposes.

Summary

• On June 10, 2024, Emil Michael, a director of D-Wave Quantum Inc., reported the sale of 46,053 warrants.
• These warrants, originally issued on September 5, 2022, are exercisable for 1.4541326 common shares each and expire on August 5, 2027, with an exercise price of $11.50.
• The director also disposed of common stock, with the transaction executed in multiple trades at prices ranging from $0.1111 to $0.1325, resulting in a weighted average sale price of $0.1213.
• Following the reported transactions, Michael still beneficially owns 2,424,648 common shares.
• The sales were conducted for financial and tax planning purposes.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a director's sale of securities. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Management Comments

• The sales reported in this Form 4 were effected for financial and tax planning purposes.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the stated reason of financial and tax planning mitigates this concern.

Key Dates